Tragedy struck in September 2017, when two earthquakes killed hundreds of people and caused billions of dollars of damage to public and private property in Mexico City and the states of Guerrero, México, Morelos, Oaxaca and Puebla. The second, 7.1-magnitude quake on September 19, damaged approximately 40,000 houses and toppled 44 buildings in...
Once operational, how will the new airport compare to other major global aviation centres?
Traditionally a barometer of a Mexico’s economic health, the construction sector saw investment slow in 2017 as a result of a dip in public spending on infrastructure works and uncertainty among private investors over the possible outcome of the renegotiation of the North American Free Trade Agreement (NAFTA). This could further push up the...
The authorities have long recognised the importance of research and innovation to the development of a strong and sustainable economy. To date, however, a number of structural challenges have somewhat limited innovation, and certain government research and development (R&D) spending goals remain unmet.
New flight routes added to Mexico’s secondary cities are attracting more visitors and investment to these destinations, creating a positive cycle of growth. Tourists are increasingly venturing out of Mexico’s four traditional tourist centres – Mexico City, the Mayan Riviera with Cancún as the star attraction, the Riviera Nayarit with Puerto...
Mexico is engaged in a major port expansion programme aimed at doubling the country’s freight-handling capacity to 520m tonnes per year. The achievement of this goal is seen as crucial to long-term development given the significance of the segment for the import of raw materials and the export of manufactured products. The expansion of the...
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