Officials in San Luis Potosí look for ways to streamline and add value to Mexico's agricultural sector Agriculture may never be able to compete with the manufacturing industry as a proportion of GDP, simply due to the relative volumes involved, but this does not detract from the importance of the sector in San Luis Potosí’s economic development. Some 2.75m ha of San Luis Potosí’s 6.1m-ha surface…
With GDP growth above the national average, an expanding population and new immigration from abroad, San Luis Potosí’s real estate sector looks set to expand. This will be further encouraged by the deficit of 11,000 homes in and around the capital city, according to Mauricio Ramírez, general director of the State Housing Institute of San Luis Potosí (Instituto de Vivienda del Estado de San Luis…
Of all the places vying to be industrial and logistical hubs, San Luis Potosí perhaps lays the best claim to being in the middle of everything. Geographically, it is more or less equidistant between Mexico’s three most important economic cities: Mexico City, Monterrey and Guadalajara. “Its location is the main reason why national courier and cargo company Estafeta chose San Luis Potosí’s airport…
San Luis Potosí is perhaps not as popular as the tourist destinations of Oaxaca or Cancún; however, its profile is on the rise. While the historic centre of the state’s capital city is an attraction in itself, it is the more remote areas where the current administration is seeking to capitalise on the potential in adventure tourism. From the ghost town of Real de Catorce in the northern plateau…
Mexico has been upgrading parts of its telecoms networks to the LTE standard that is also sometimes described as 4G; however, there can be minor differences between the two. The upgrade allows for the provision of faster and more extensive data services. According to consultancy Ovum and telecoms lobby 5G Americas, by mid-2016 there were 1.4bn LTE connections worldwide, representing 18.7% out of a…
Temperature-controlled logistics services are emerging as an important growth area in Mexico, as a result of a number of factors. One of these is that, as more countries transition to predominantly middle-class consumption patterns, global demand for, and international trade in, a wide range of temperature-controlled goods has expanded. Technological Advances The goods involved include fruit, dairy…
About 90% of large companies present in Mexico secure their office space by renting, leaving just 10% owning their facilities. In 2016 most rents in central Mexico City ranged from $17 to $26 per sq metre, depending on the quality of the space. An estimate by Colliers International placed total office space inventory close to 8.3m sq metres. Around 3.5m is of the highest quality, described as A+;…
The Mexican railway system was privatised in 1995, with the government dividing the country into three major areas, and offering 50-year concessions to operate rolling stock and maintain the tracks in each. Ferromex and Kansas City Southern de México (KCSM) won the concessions to operate the two main northern areas, while Ferrosur won the southern one. Ferromex and Ferrosur operate as separate companies,…
As Mexico works to diversify the country’s tourism offering beyond its world-famous resorts, towns such as Real de Catorce highlight the opportunities and challenges facing such a strategy. Real de Catorce is one of Mexico’s 111Pueblos Mágicos(magical towns), a group of villages identified by the Ministry of Tourism (Secretaría de Turismo, SECTUR) as having outstanding cultural riches,…
The global medical tourism industry is dynamic. According to research firm Allied Market Research, the global industry will grow at a compound annual growth rate of 15.7% to reach $143.8bn by 2022. In the US per capita health care spend stood at $10,345 in 2016, the highest in the world, and given the cost of health insurance, many US citizens choose to travel abroad for a range of treatments, from…
