Nuevo León led the attraction of FDI during 2020

Nuevo León led the attraction of FDI during 2020

NUEVO LEON – With a participation of 12% of the total Foreign Direct Investment captured in Mexico, the state generated an investment flow of US$3.366 billion during 2020.

The sectors that showed the greatest dynamism in 2020 were the manufacturers, commerce, and financial and insurance service industries, representing 73%, 9% and 7% respectively.

Within the manufacturing sector, the subsectors that had the highest participation were equipment and transportation manufacturing with 65%, basic metal industries with 12%, and manufacturing of non-metallic mineral-based products with 7%.

It should be noted that the origin of the investment came from the United States with 57%, followed by South Korea representing 11%, and Argentina 9%.

The Secretary of Economy and Labor of Nuevo León, Roberto Russildi Montellano, explained that these results are the product of the favorable conditions for investment that Nuevo León has, as well as the strategy that has been maintained for the timely reopening of the economy before the pandemic that affects all countries.

“Last year Nuevo León attracted 8% more FDI compared to 2019. This figure is even more relevant considering the health contingency that persisted during 2020 in Mexico and in the world, where the United Nations Conference on Trade and Development (UNCTAD) predicted that world flows would decrease by up to 40% at the end of this year.”

Source: El Economista