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Analysis

Guanajuato's automotive industry creates jobs and spurs development in education
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For decades the state government has prioritised the development of the automotive industry, and these efforts have led to it becoming a vital sector for Guanajuato. As such, it is now recognised as one of Mexico’s great economic success stories. “Until 1991, when General Motors arrived in Silao, the state’s economy was mainly based on agriculture,” Fabian Gamboa, the head of the Guanajuato…

Analysis

Cure-all: Investment in chemicals and pharmaceuticals has grown since being named a strategic sector
OBG
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Of all the sectors deemed as strategic for Hidalgo’s economic development, chemicals and pharmaceuticals are perhaps the least explored territory. Unlike the well-known centres of Guadalajara and Cuernavaca, Hidalgo did not have any pharmaceutical laboratories, for example, when the current government took office in 2016. But the state’s ambitions to develop the sector may not be as unlikely as…

Analysis

Transforming Mexico's urban centres into tech-savvy environments
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Several initiatives are under way to transform Mexico’s major metropolitan areas into so-called smart cities, combining technology and government policy to create better economies, a cleaner environment and to improve mobility and governance in order to enhance the quality of life of their inhabitants. Among the benefits are greater efficiency and reduced paperwork, as well as increased transparency…

Analysis

Large-scale investments showcase development momentum in Hidalgo
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In November 2017 Grupo Modelo – part of global brewing giant AB InBev and Mexico’s largest beer maker – announced plans for its eighth brewery. The proposed project, to be developed in the municipality of Apan, is by far the biggest private investment ever to be made in Hidalgo, at MXN14bn ($756.6m). As the second-biggest producer of barley in Mexico, with plentiful water, and located next door…

Analysis

Hidalgo working to make the most of its advantageous location
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Centrally located and right next door to the large consumer market that is Mexico City, Hidalgo is ideally placed to benefit from its access to key markets across the country, as well as the ports that open access to markets around the world. National development preceded unevenly over recent decades, however, and the state has slipped into the shadow of its wealthier and more developed neighbours.…

Analysis

On the move: Strong transport connections offer potential for the development of logistics businesses
OBG
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With its central location complemented by strong transport connections that link the state both to the large consumer market of Mexico City next door and destinations further afield – including ports that provide access to imports and exports – it is no wonder that Hidalgo is promoting its transport links as a key incentive for businesses looking for a Mexican base to set up shop. Strong Connections Most…

Analysis

Port works and new shipping routes to support rising trade volumes for Mexico
OBG
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Mexico is engaged in a major port expansion programme aimed at doubling the country’s freight-handling capacity to 520m tonnes per year. The achievement of this goal is seen as crucial to long-term development given the significance of the segment for the import of raw materials and the export of manufactured products. The expansion of the country’s port system is further necessitated by an increase…

Analysis

Mexico's tourism sector shifting focus to niche segments and secondary cities
OBG
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New flight routes added to Mexico’s secondary cities are attracting more visitors and investment to these destinations, creating a positive cycle of growth. Tourists are increasingly venturing out of Mexico’s four traditional tourist centres – Mexico City, the Mayan Riviera with Cancún as the star attraction, the Riviera Nayarit with Puerto Vallarta, and Los Cabos – to visit the rising destinations…

Analysis

Technology fundamental to Mexico's business efficiency and productivity
OBG
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Mexican companies are making strong progress in adopting digital technology to improve the efficiency and productivity of their operations, according to new research; however, industry figures have highlighted opportunities for greater advancements to be made in the field of innovation. The 2017 “iDX Business Digitalisation” report released by market intelligence company International Data Corporation…

Analysis

Mexico works to support victims of the September 2017 earthquakes
OBG
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Tragedy struck in September 2017, when two earthquakes killed hundreds of people and caused billions of dollars of damage to public and private property in Mexico City and the states of Guerrero, México, Morelos, Oaxaca and Puebla. The second, 7.1-magnitude quake on September 19, damaged approximately 40,000 houses and toppled 44 buildings in Mexico City alone. However, repair work and rebuilding…