China to invest in Mexico SEZs
7 October, 2017
Chinese investors are keenly interested in participating in the development of special economic zones (SEZs) in Mexico, officials said last week. “We see a huge appetite in the area of developing the infrastructure of the special economic zones, in which the Chinese have great capacity,” Enrique Huesca, the federal executive secretary in charge of developing the country's SEZs, told foreign reporters.
Last Thursday, Mexican President Enrique Pena Nieto announced an initial investment of some $5.3bn in the project to develop a number of SEZs. The government has promoted the project as a way to attract investment, especially to the less developed regions of the country. The Chinese investors have expressed an interest above all in administering the zones, which imply building, developing, managing and maintaining them, as well as in specific industries in the zones, including steel, agro-industry, metalworking, and information technologies, Huesca said.
“The Chinese are developing economic zones throughout the world,” Huesca pointed out. Over the coming months the government will release more details about the project and the investors taking part, not just from China, but also other parts of the world, he added.