Mexican governor holds discussions with Japanese Ambassador to Mexico, Kozo Honsei in Yucatan
In a bid to position Yucatan as a significant investment destination in Mexico and Latin America, the state government has unveiled an ambitious strategy focused on attracting large-scale private and public investments, particularly in infrastructure and real estate.
Key components of this strategy include significant investments in port infrastructure, retail and commercial expansion, and real estate development linked to tourism.
The federal government has allocated substantial public and private funds to develop ports in Yucatan, with Progreso receiving a substantial portion of these investments. The port city is set to receive 10.7 billion pesos in public and 1.8 billion pesos in private investment to enhance port capacity and efficiency.
Private companies like Oxxo are also investing hundreds of millions of pesos to open new stores in Yucatan's smaller municipalities, generating thousands of jobs and expanding economic activity beyond Mérida.
The region's proximity to booming tourism areas such as the Riviera Maya is expected to see major growth in branded residences and luxury real estate, with investment in residential and hospitality infrastructure underpinning long-term economic prospects and attracting international demand.
In a recent meeting, Governor Joaquin Diaz Mena presented these initiatives and more to the Japan Chamber of Commerce in Mexico. The meeting aimed to strengthen bilateral cooperation and present the strategy to position Yucatan as one of the most important investment destinations in Mexico and Latin America.
The Japan Chamber of Commerce in Mexico, composed of 542 members and 16 committees, brings together various Japanese industries and companies. Takaaki Kuga, president of the Japan Chamber of Commerce in Mexico, expressed a desire to establish a constructive dialogue between the Yucatan government and the chamber's members.
The focus of the meeting was on the Port of Progreso, tourist sites, and the possibility of increasing the export of various products. The Governor mentioned modernizing the Deepwater Port in Progreso, extending the Mayan Train from Umán to Progreso, building a Metropolitan Ring Road, and creating Wellness Hubs with natural gas supplies.
The meeting also served as an opportunity to inform the Japan Chamber of Commerce members about regional development projects in Yucatan, such as the Mayan Train and the Metropolitan Ring Road. The Japanese Ambassador to Mexico, Kozo Honsei, expressed his pleasure at receiving the Governor and his delegation.
Meanwhile, in a separate development, Mexican actor Diego Luna delivered a strong message defending immigrants and highlighting their contribution to the U.S. economy. This fact is not related to the Yucatan's economic growth strategy.
Elsewhere, several women were assaulted and sexually abused on Caracol beach in Paraiso, Tabasco. This incident is not related to the Yucatan's economic growth strategy.
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- The Yucatan state government's investment policy-and-legislation aims to make Yucatan a prominent investment destination in Mexico and Latin America, particularly focusing on infrastructure and real estate, as indicated by the significant investments in port infrastructure, retail, and commercial expansion, and real estate development linked to tourism.
- The Japanese Chamber of Commerce in Mexico, following a meeting with Governor Joaquin Diaz Mena, has expressed a desire to establish a constructive dialogue with the Yucatan government and potentially invest in Yucatan's projects, such as the Port of Progreso, tourist sites, and the Mayan Train, which are key components of the state government's ambitious investment strategy.
