Quintana Roo increases foreign investments| Tribune Travel
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Foreign investments increase in Quintana Roo

The state raised a total of 91 million dollars during the first quarter of the year.

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According to the Quintana Roo Ministry of Economy, the state received 91 million dollars in Foreign Direct Investment during the first quarter of the year, following a drop in indicators of this sector that began months before the coroistry of Economy, investment from abroad reached a low of $23.8 million dollars between January and March 2020, prior to the national emergency.

The main reason was the return of capital to the countries of origin, which reached 151.1 million dollars through intercompany accounts.

However, a year later, the entity reported 67.2 million dollars more in the first three months of 2021. The same period last year represented a 283.3 percent increase.

The United States and Spain were the largest investors, each with 57.6 million dollars. Canada, Italy, the Netherlands, and the United Kingdom are other countries that remain interested.

Sergio León Cervantes, president of the Employers’ Confederation of the Mexican Republic (Coparmex), mentioned that they will hold meetings with other countries to make more investments.

Real estate projects, health and well-being, sustainable tourism, renewable energies, airport infrastructure, and corporate services are all on the agenda in Quintana Roo.

Many of the projects considered were put on hold last year due to the pandemic. However, 14 were guaranteed through negotiations, with a total investment of 2.9 billion dollars, for the next three years.

In 2020, Quintana Roo closed with 121 million dollars for foreign direct investment, while the estimates for this year are higher.

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