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…
The Mexican agriculture for export segment closed 2016 with a rare trade surplus and with exports up 13.7% for a value of $14.74bn. This meant it surpassed both tourism and oil as a source of foreign revenues and also overtook Canada to become the top exporter of agricultural goods to the US. A range of products from raspberries to pork showed significant growth and demonstrated the diversity of Mexican…
In January 2016 President Enrique Peña Nieto’s first public appearance was to inaugurate Chiconcuac Community Hospital. “The first thing we want is health,” he announced at the event. “Let this be a year full of health, achievements and accomplishments, which is why I am devoting the first public events of the year to the theme of health in our country.” In his three years as president…
With the expansion of hospital infrastructure through the awarding of private-partnership contracts for hospitals and the growing tendency for public health providers to outsource procedures to private clinics, the market for medical devices in Mexico is buoyant. “Many in the health sector in Mexico have the perception that the investment priority is all about the pharmaceutical industry which is…
Mexico is the world’s 11th largest pharmaceutical market and one of its most dynamic. Its performance in recent years depends on the metrics it is viewed from. In 2016 the market was worth $13.9bn, down from $17.2bn in 2014, according to data from IMSS health. However, with most pharmaceuticals priced in dollars the devaluation of the Mexican currency was a central reason for this fall. In peso…
The expected scenario for the real estate sector in Mexico City – the largest urban concentration in the country – is strong stable growth. This is due to the conclusion of policies, including the National Housing Policy begun in 2013, which seek to promote the orderly and sustainable development of the sector, its standardisation and the construction of better housing. Housing Policy In February…
