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Mexico forges ahead with its strategy to deliver ICT services to last-mile users
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Since 2013 Mexico’s ICT sector has positioned itself for new investment opportunities on the back of constitutional reforms that sought to increase competition and reduce monopolistic behaviour in the market, especially when it came to telecommuications. At the beginning of the decade América Móvil, owned by Mexican billionaire Carlos Slim, dominated mobile telecoms, an industry that is expected…

Overview

Improvements to the State of Hidalgo's business environment attract investors
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Hidalgo – officially known as the Free and Independent State of Hidalgo – is named after Miguel Hidalgo y Costilla, one of the leaders of the Mexican independence movement. With an economy traditionally based on mining, Hidalgo had lagged behind some of Mexico’s more prosperous and dynamic regions. However, the state government has actively sought to foster growth in new sectors, develop infrastructure…

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Increased road and port capacity to boost connectivity in Mexico
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Mexico’s transport and logistics system is of vital importance for its economic development, transporting inputs to the country’s manufacturing centres and consumer goods to its major cities, and carrying exports to the US and other trading partners. While investors have faced some uncertainty, notably in the aviation segment following the 2018 cancellation of the planned international airport…

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Outlook is positive for Mexico's real estate, with major retail and multi-use developments in the pipeline
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While Mexico’s real estate market shows positive trends in a variety of segments, including residential, retail, industrial, office and tourism, overall 2018 was a challenging year for the sector. The transition of power to a new president, Andrés Manuel López Obrador, better known by his acronym AMLO, and the arrival of Claudia Sheinbaum, mayor of Mexico City, both of whom hail from the…

Overview

Building activity takes a pause as the government defines its ambitious policy agenda in Mexico
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With infrastructure development identified as a driver for medium-term growth, construction is tipped to play a major role in the Mexican economy. The country’s potential in this area is highlighted in its ranking of 49 out of 140 countries in terms of infrastructure in the “Global Competitiveness Report 2018” published by the World Economic Forum (WEF). Despite this, between 2017 and…

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Growing pressure on emerging markets to solve housing deficits
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Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban areas; however, by 2018 this number had risen to…

Overview

Blockchain technology could revolutionise trade and provide opportunities
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Blockchain – the distributed-ledger technology that underpins cryptocurrencies such as Bitcoin – appears set to transform a wide variety of industries and perhaps fundamentally change the way business is conducted around the globe. While the technology is still taking off, many emerging markets are hoping that it will allow them to leapfrog older infrastructure and tackle a range of challenges,…

Overview

New regulations aim to boost start-ups and encourage research and development in Mexico
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Mexico is considered to be at the leading edge of Latin America in terms of innovation in business modelling, with a mature tech sector installed in clusters across Mexico City, Monterrey and Guadalajara. Furthermore, it has a second tier of smaller cities housing start-ups that apply technology to a number of sectors, from automotive, aviation and banking, to renewable energy and urban mobility. However,…

Overview

Heritage sites and business travel drive growth in Mexico's tourism sector
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Over the past decade, Mexico’s tourism industry has shown steady expansion, growing every year since 2011 despite security concerns and travel warnings. The 41.4m tourists that visited Mexico in 2018 reflect a 5.5% increase from the number of visitors in 2017, when the government estimated 39m foreign tourists entered the country. According to the World Travel & Tourism Council, tourism…

Overview

Hospitality sector evolves to accommodate the growing number of global tourists
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Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.57bn per annum. With the global middle class estimated by the US-based think tank Brookings Institution to be expanding by as many as 160m people per year until…