There are 16 expansion projects in Querétaro and it has been identified that Asian investments in the state are beginning to pick up, indicated Marco Antonio del Prete Tercero, Secretary of Sustainable Development (SEDESU).

In an interview, the state secretary recalled that there are 59 projects in the portfolio and of these 16 are investment expansions, while the rest are new. He emphasized that all the projects in the portfolio represent an investment of close to 95 billion pesos and the generation of 30 thousand jobs.

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“The majority are from Mexico, the United States and we are beginning to notice that more Asian projects are beginning to appear (…) metalworking, mainly, manufacturing, aerospace, food and beverages and services,” he declared.

Del Prete Tercero pointed out that the installation date of the new investment expansions of Asian origin depends on the companies.

“That depends on the company. It doesn't depend so much on us. We are ready, but the company has to make its decisions regarding when to set up shop, how to set up shop and decide that it should be Querétaro, because we are competing not only with other states,” he added.

According to SEDESU data, in the last two years, around 53 billion pesos of productive investment have been attracted in Querétaro and have generated around 26,786 jobs in the medium term.

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While in the Ministry of Economy in the first two quarters of 2023, Querétaro has received a total of 16,712.5 million dollars of Foreign Direct Investment (FDI) and of these, 5,582.8 million dollars are new investments.

Japan has invested nearly $32.3 million in FDI during the first two quarters of the year.

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Original note