Baja California receiving investment worth US$122 million
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As a result of the Ministry of Development (SEDECO)'s European promotion tour, investment valued at US$122 million for Baja California was secured for this 2017. The head of this office, Carlo Bonfante Olache, informed that the goal is to reach US$2.5 billion before closing the year. These investment projects are from companies that are already established in Baja California and that have expansion intentions, such as Gulfstream and LMI Mexicali. The largest expansion will be made by Gonvarri Steel Corporation, with a US$40 million out pour and 200 new jobs.