staging
Jalisco attracts Chinese investments to its market
El Economista | February 20, 2023 |

Due to competitive advantages such as its geographic location, logistics infrastructure, and connectivity, the state of Jalisco seeks to make the most of the opportunities offered by nearshoring. It will focus particularly on Asian companies seeking to relocate close to their clients in America, said the head of the Ministry of Economic Development (Sedeco), Roberto Arechederra.

He indicated that between 2018 and so far in 2023, the agency has attended 22 investment projects of Chinese origin, of which, at the moment, eight have been consolidated that, together, represent Foreign Direct Investment (FDI) for an amount of 1,048 million dollars and the generation of 4,156 jobs.

Check here: Construction continues in El Bajío with the start of 30 thousand square meters in January 2023

Asian investors, he explained, show interest in "the business environment" offered by the state, and the triple helix work where the productive sector, academia and the government work in a coordinated manner, "in order to make an attractive state."

He highlighted that through the Jalisco Tech Hub Act public policy, developed to take advantage of nearshoring. The incentives range from the reimbursement of the Payroll Tax (ISN), to direct incentives for attracting investment and, even, the offer of land in some cases.

The Chinese companies that currently have projects in Jalisco are Solarever from the energy sector; Inventronics and Zhongli Group, both from the electronics sector; Minglida and Haitian from the metal-mechanic industry; Xin Point and Huang yu, from the automotive sector, and EPE dedicated to the manufacture of plastic. This year, he indicated, the Investment Attraction department of that agency is working with five Chinese companies interested in investing in Jalisco.

Of interest: Fibras Index reports average return of 13% in 2023

These are companies from the automotive, electronics and food sectors with which an investment of close to 49 million dollars is expected to be located in the municipalities of Acatlán de Juárez, Tlaquepaque, Lagos de Moreno, Tlajomulco and El Salto.

In Solili you can consult industrial warehouses available in Puebla and Querétaro

Original note

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter