Cancun, Riviera Maya top investment spots in Mexico
The state of Quintana Roo is nearing the end of 2015 with a boom in both tourism and real estate. Reports from the Ministry of Economy show that the state has enjoyed a growth of 4.8 percent over last year, which is well above the national rate of between 2 and 2.8 percent.
Tourism is considered the economic engine that keeps the state in the positive, which often leads to people returning to buy investment property. This in turn, has also generated jobs and helped Quintana Roo increase its employment situation.
Luis Garcia Silva, federal delegate of the Economy of Quintana Roo, says, “The state is still in the economic parameters above the national average, not only in economic growth but also in employment generation and investment.”
He says the first quarter of the year showed a strong growth of 4.6 percent, and according to projections, could see the state increase to 6 percent growth. Garcia Silva notes that Quintana Roo is attraction not only international investors, but also national capital.
“The most significant investments are in Puerto Cancun, continental island of Isla Mujeres and Riviera Maya, which make up most of the Mexican business groups,” explained Garcia Silva.
In the first half of this year, the Ministry of Economy says direct foreign investment (FDI) reached 36.3 million pesos, equal to that of the entire 2013 year.
According to statistics from Banamex, Quintana Roo is among the five states with a remarkable gross domestic product. Tourism and tourism investments will remain the engine of Quintana Roo, which into 2017, should maintain a higher growth rate at 4.1%, according to the growth expectations of the South East Region consulting Aregional.