Quintana Roo continues to attract major foreign investments

Posted By on November 27, 2015

Foreign investments in the state of Quintana Roo have grown considerably over the past year. While the region continues to become a preferred vacation destination with millions across the globe, it also continues to attract the attention of many foreign investors.

construciton of new hotels in cancun

According to statistics from the Ministry of Economy (Secretaría de Economía), the state has seen a massive increase in foreign developments. It says that from January to September of this year, Quintana Roo has experienced a 146 percent increase over the same time-frame in 2014.

Pedraza Victor Salgado, deputy of the Ministry, said that the state of Quintana Roo maintained a good momentum in foreign investments, though most are concentrated in the municipalities located north of the state.

hotel in cancun

“We expect to close the year with excellent numbers. We are talking to the strongest of foreign investment is in the north of the state, while the south of the state are not so large,” he added.

The largest majority of foreign investors in 2015 came from Germany with $127.3 million, which was followed by the United States with $23.3 million in regional investments. The Netherlands have also taken an interest in the area with $18.1 million, while Canada invested $17.9 million and Spain, $8.9 million.

The most-invested areas have been in manufacturing,  housing and food and beverage sectors. Construction, intangible personal property, professional services, tech and science, financial and insurance services and real estate investments have also been large foreign contributions to the state.

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Nearly 30 countries have made foreign investments in Quintana Roo so far this year.

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