Promoting investment in Veracruz’s new port
According to a report by the World Bank (WB), the port of Veracruz occupies the fourth spot internationally among the best places to invest, on top of cities such as Monterrey and Queretaro. Ramon Poo, Veracruz Mayor, expressed that the administrative procedures and legal scaffolding, as well as the organizational structure, are being prepared in order to receive the investment the new port of Veracruz will attract. The programed investment which will be destined to expand the port over the next 10 years is estimated at US$3.5 billion. Poo Gil assured that almost 2,000 companies have become established in Veracruz from 2014 until now, with investment valued at roughly US$1.15 billion, generating 78,000 jobs.