Queretaro state attracts 50% of FDI in Mexico for the aerospace industry
Queretaro has managed to develop and integrate a highly competitive ecosystem for the aerospace sector, which has attracted 50% of the industry’s Foreign Direct Investment (FDI) in Mexico in the last 10 years, said state authorities during a conference to share the details of the upcoming eighth edition of Mexico’s Aerospace Summit 2018, the leading forum in the country of business specialized in the aerospace manufacturing industry, which will take place on the 16th and 17th of August in the Congress Center of the city of Queretaro.
Regarding the FDI flows received by the aerospace sector in the first half of 2018, Del Prete said Queretaro has inked projects that exceed US$ 250 million investments, which added to the those accumulated in the present state administration, already exceed US$ 1.93 billion.
The Queretaro aerospace cluster is made up of 85 companies and organizations: 24 Tier 1, Tier 2 and Tier 3 suppliers; 8 special process companies; 4 OEMs (Original Equipment Manufacturer); 5 MROs (Maintenance, Repair and Operations); 12 Research and Design centers; 19 Special Services companies; 6 Providers of raw material and 7 academic institutions.
These companies provide more than 8,500 jobs related to the aerospace industry, which have allowed the development of a highly competitive ecosystem that covers a wide variety of processes, such as the production of fuselages, landing gear, stabilizers, structures, insulators, electrical harnesses, components for turbine, repair of composite materials and maintenance services, as well as assembly of light aircraft, Del Prete said.
Mexico’s Aerospace Summit 2018 includes conferences, individual business meetings (B2B), visits to manufacturing plants and exhibition of aeronautical products that are currently manufactured in Mexico.
It is aimed at investors interested in the sector, specialists, general managers, directors of manufacturing, production, logistics, supply chain, procurement and procurement, finance, supplier development, new business development, transportation and traffic, representatives of aerospace components manufacturers, as well as consultants, public officials, representatives of industry bodies, chambers, confederations, associations, institutes of higher education.