Baja California is the second largest FDI attraction in Mexico

BAJA CALIFORNIA - The state of Baja California consolidated its position as the second most attractive entity for attracting foreign direct investment (FDI), highlighted Governor Marina del Pilar Avila Olmeda. 

The Secretary of Economy and Innovation, Kurt Honold Morales, explained that Baja California, captured an amount of 502.3 million dollars (MDD) during the second quarter of 2024, according to data from the Ministry of Economy of the Federal Government. This figure represented 9.9% of the national total of FDI captured during said period.

Together with the investment in the first quarter, Baja California accumulated 1,809.1 million dollars, to rank third among the entities. This sum represented 5.8% of what was captured in the country during the first half of the year.

The United States regained its leadership as the country that contributed the most resources to Baja California's FDI, with almost 5 out of every 10 dollars invested, that is, 45.7% of what was captured. Japan ranked second with 42.4% and Spain third with 8.2%, among 27 countries that invested in the state.

Most of the FDI captured by Baja California was directed to transportation manufacturing projects, which represented 62.9% of the half-yearly amount. On the other hand, among the companies that stood out in their investment movements were Paccar, RIU Hotels & Resorts and Hutchinson Ports.

Governor Marina del Pilar reiterated the commitment to attract investments that respect the environment and contribute to reduce inequalities with social responsibility.