Mx Tamaulipas attracts over US$20B in 2 years

According to the report by Mexico’s Ministry of Economy, the state of Tamaulipas has received domestic and foreign investments totaling US$20.026 billion in the last two years, generating 42,760 jobs. During this period, 77 new projects and 69 expansions have been completed in the state.

According to the report, the 146 confirmed projects come from various countries: the United States accounts for 44% of investments, Mexico 30%, Canada 5%, India 3%, Spain and China 2% each, Japan, Germany, and France 1% each, and other countries account for 9%.

In terms of geographical distribution, the municipalities that received the most investment were Reynosa (36%), Altamira (18%), Nuevo Laredo (16%), Matamoros (15%), Ciudad Victoria (7%), Tampico (3%), Ciudad Madero (2%), and Mante, Río Bravo, Miguel Alemán, Tula, and San Fernando with 1% each. Part of the investment has yet to be allocated to specific regions.

The report also notes that there are currently 158 potential projects that, if realized, could generate more than 35,000 jobs and an estimated investment of more than $19 billion.

These potential projects are distributed across different sectors: Chemical-Petrochemical (18%), Manufacturing (16%), Automotive (10%), Electrical-Electronic (8%), Energy (8%), Medical (5%), Telecommunications (4%), Services (3%), Real Estate Development (2%), Hydrocarbons-Petrochemical (2%), Commercial (2%), Logistics (1%), Aerospace (1%), and other sectors (20%).