Home Headlines Queretaro to register historic investments during second half of 2016

Queretaro to register historic investments during second half of 2016

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By the end of this year the city of Queretaro will reach a record 19 billion pesos in foreign direct investment, mainly from German and American companies, reaching a historical number for this city, reported the Municipal Secretary of Economic Development, Gildardo Gutierrez Mendez.

According to statistics from the Ministry of Municipal Economic Development, the city of Queretaro will attract 1 billion US dollars by the end of the year generating at least 35,000 new jobs.

Gutierrez Mendez, stressed that the municipal government headed by Marcos Aguilar Vega, has brought investments “never seen before in Queretaro” allowing more job opportunities for citizens.

He noted that investments are to be confirmed in the coming days are: 5.1 billion pesos in industrial and corporate investment, 3.5 billion in business dynamics, and 6.4 billion in mixed investment (trade, services and housing) together.


Municipal Secretary of Economic Development Gildardo Gutiérrez Méndez said this is a historic moment for Queretaro (Photo: Rotativo)

He said that if this trend keeps on going during 2016, 27,000 additional new jobs will be created, beating job creation in 2013, 2014 and 2015 together. Only in the first quarter of 2016 the municipality of Queretaro generated more than 11,000 jobs.

“The ranking of Forbes, ADI and Group 45 position Queretaro City in first place for real estate investment, making it the largest city in the country on real estate growth.

For the Financial Times ranking of American Cities, Queretaro ranks first in the top 10 on the Ease for Doing Business 2016 category”.

Gildardo Gutiérrez concluded saying that the industrial and commercial companies that have announced investments are: Latitud La Victoria, Paseo Queretaro Mall, Bosch, Valeo, Levant Diamond, Westin Hotel and Mall, Sfera City Center Queretaro, Hotel Presidente Intercontinental, Ultra Manufacturing and Distribution Infinity among others.

Source: Rotativo

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