Economy

Baja California is the 2nd state with most foreign investment in 2nd quarter of 2024

Transportation manufacturing projects were the most benefitted thanks to these foreign investments

Governor Marina del Pila Ávila Olmeda revealed that Baja California has become the 2nd most attractive state for foreign direct investment (FDI), which leads to development and wellbeing for families.

The Secretary of Economy and Innovation, Kurt Honold Morales, explained that Baja California obtained an amount of 502.3 million dollars during the 2nd quarter of 2024, according to data by the Secretariat of Economy of Mexico. This number represents 9.9% of the national FDI obtained during this period.

Together with the investment of the first quarter, Baja California has accumulated 1,801.1 billion dollars, becoming 3rd place among all Mexican states. All of this represents 5.8% of what the country received in its first semester.

The United States led as the country that provided the most FDI in Baja California, with almost 5 of every 10 dollars invested, i.e., 46.7% of what was invested. Japan is in 2nd place with 42.4% and Spain in third with 8.2%, among the 27 countries that invested in the state.

The highest amount of FDI in Baja California was allocated to transportation manufacturing projects that represented 62.9% of the semestral amount. Companies that stood out due to these investments were Paccar, RIU Hotels & Resorts, and Hutchinson Ports.

Lastly, Governor Marina del Pilar reiterated her commitment so that this government continues to attract investments that respect the environment and contribute to decreasing inequalities with social responsibility.

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