Mexican businesses warmed by glow of 'nearshoring' dawn
© Reuters. FILE PHOTO: A building undergoing construction is seen in Mexico City, Mexico January 30, 2020. REUTERS/Andres Martinez Casares/File PhotoMEXICO CITY - Mexican businesses, particularly those linked to real estate and construction, are counting on investment from so-called"nearshoring" to boost profits and economic growth, especially in industrial zones near the U.S. border.
"Many companies are already talking about this - about nearshoring and the economic benefits," said Gerardo Copca, an analyst at consultancy MetAnalisis."And I do think this will take off." It will, however, take time, he cautioned. Mexican real estate investment trust Fibra Uno plans to launch a trust allowing investors to cash in on expected growth of industrial assets.
Lorenzo Berho, head of construction firm Vesta, said not only should the north benefit from nearshoring, but also the central carmaking region known as El Bajio, a"very good location" for multinationals, with strong infrastructure in states including Queretaro, Guanajuato and Jalisco.Enrique Navarro, finance chief at Banco Regional, observed that relocation activity should fuel"a lot of growth" in northern, western and central Mexico.
But challenges remain because President Andres Manuel Lopez Obrador's drive to tighten state control of energy has fed concerns about a lack of investment in key infrastructure.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How a digitized colonial codex reveals fresh stories about Mexican Indigenous lifeThe Florentine Codex is online and searchable in three languages. Plus, 'Spring Awakening' on stage and a painting reclaimed, in our weekly arts newsletter
Read more »
Exclusive Photos: Migrants Leave ID, U.N.-Provided Maps at Mexican Border Crossing into TexasSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Mexican Government Downplays Abduction of Colombian FamilySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Biologists keep eye on rare Mexican wolf wandering out of boundsThe Associated Press is an independent, not-for-profit news cooperative headquartered in New York City.
Read more »
Ex-law enforcement officials warn Biden’s menthol cigarette ban could ‘create a vacuum’ for Mexican cartelsFormer law enforcement officials say Biden's proposed menthol cigarette ban will lead to a host of problems, including Mexican cartels saturating the U.S. black market.
Read more »
Hundreds Join Mexico Migrant Caravan to USA caravan of at least hundreds of migrants left from the southern Mexican city of Tapachula on Sunday, heading for the U.S. southern border.
Read more »