Baja California collects more than US$3.3 billion in investment

Baja California collects more than US$3.3 billion in investment

BAJA CALIFORNIA – From 2019 to date, Baja California has captured around US$3.329 billion in investment, US$1.493 billion in foreign capital and US$1.836 billion in domestic capital.

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

He added that, despite the global crisis caused by the COVID-19 pandemic, each municipality has maintained a dynamic of progress. A clear example of this is Tijuana with US$2.399 billion in investment, followed by Mexicali with US$435.9 million, Tecate with US$360 million, Ensenada with US$87 million and Rosarito with US$41 million.

Moreover, the sectors that lead the investment are the medical tourism sector with US$1.081 billion, medical devices with US$428.4 million, construction and housing with US$443.5 million, the automotive sector with US$367 million, food and beverages with US$191 million and aerospace with US$148.6 million.

The secretary highlighted that only in 2020, investments were closed such as the extension of the company Motor Car Parts de México, with US$200 million; Outset Medical with US$50 million; Prime Wheel México with US$70 million; Walmart with US$1.896 billion; as well as Medline Industries with US$50 million; Schneider Electric with US$5.7 million, and Flextronics with US$9 million.

Source: El Economista