US Companies to Pour $20 Billion into Mexican Economy by 2025

US investors are set to inject over $20 billion into Mexico by 2025. This commitment was made during the High-Level Summit held at the National Palace this week, which saw leaders and businesspeople from both countries come together. Claudia Sheinbaum Pardo, the Constitutional President of the United Mexican States, made the announcement at her press conference.

The summit, which was coordinated by the United States Chamber of Commerce and the Business Coordinating Council of the Mexican Republic, saw 240 company directors from both nations in attendance. Sheinbaum Pardo revealed that at least four significant investments, totaling around $20 billion, are planned for Mexico in 2025.

The primary investors include Mexico Pacific, with $15 billion; Royal Caribbean Group, with $1.5 billion; Amazon, with $6 billion; and Woodside Energy, with $10.4 billion. Woodside Energy's investment will be used for the development of a fossil fuel deposit in Petroleos Mexicanos (Pemex).

Sheinbaum Pardo expressed her pleasure that these investments will be spread across various regions of the country. For example, the Royal Caribbean Group plans to invest in the Mahahual port for tourism in Quintana Roo. She stated, "The south of Quintana Roo requires development. This tourism investment will be linked with the Maya Train and all the tourism development that is being done in the southeast."

During the summit, the importance of strengthening the United States-Mexico-Canada Agreement (USMCA) was discussed. The aim is to create a complementary trade relationship that will stimulate development throughout the region. She also noted that the upcoming creation of the Digital Transformation Agency was well received. This agency will help streamline procedures for private investment in Mexico.

In addition, Sheinbaum Pardo reported that various worktables will be set up to assure investors that recent proposed reforms will not pose any risk. Marcelo Ebrard Casaubon, the Secretary of Economy, added that the confirmed investment of $20 billion for 2025 could potentially increase to $30 billion in the coming months.