Baja California captures more than US$3.3 billion in investment

28 January, 2021

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BAJA CALIFORNIA – Baja California is a region with a high manufacturing potential; manufacture of products in the medical, electronic, automotive, electrical, metal-mechanic, furniture and aerospace devices sector; coupled with sectors such as medical, aluminum, construction and housing, packaging, gastronomic, hotel, logistics, music, food and beverages, which from 2019 to 2021, have attracted an investment of US$3.3 billion, segmented in US$1.5 billion of foreign capital and $US1.8 billion of national capital.

The head of the Secretariat of Sustainable Economy and Tourism (SEST), Mario Escobedo Carignan, pointed out that, being a neighbor of one of the largest economies in the world, Baja California is positioned as the point of Latin America with the best connection to the South American and Asian markets.

He added that, despite the global crisis caused by the pandemic, each municipality has maintained a dynamic of progress, such as Tijuana with US$2.4 billion, followed by Mexicali with US$435 million, Tecate with US$360 million, Ensenada with US$87million and Rosarito with US$41 million.

For their part, the sectors that lead the investment are the medical tourism sector with US$1 billion, medical devices with US$428 million, construction and housing with US$443.5 million, the automotive sector with US$367 million, food and beverages with US$191 million and the aerospace industry with US$148.6 million.

The minister highlighted that only in 2020 investments were closed such as the extension of the Motor Car Parts company in Mexico, with US$200 million; Outset Medical (US$50 million), Prime Wheel México, (US$70 million); the leader in the medical sector Medline Industries, for (US$50 million); the Schneider Electric manufacturer (US$5.7 million) and the Flextronics plant (US$9 million).

Source: El Economista