Foreign investment in the first two months reached $80 million in Tabasco – El Heraldo de Tabasco

The head of the Secretariat for Economic Development and Competitiveness (Sedec), Federico García Mallitz, revealed that in the first two months, Tabasco had a foreign direct investment of $80 million.

This is despite the economic problems caused by the Covid-19 pandemic, although most of this investment is due to oil activity.

It may interest you: Foreign investment exceeds $380 million in Tabasco

It should be noted that with this, the entity has remained at the top of this category in the southeastern region of Mexico in recent years.

In 2021 alone, Tabasco reported a foreign direct investment of more than $380 million despite the effects of the Covid-19 pandemic.

According to the state agency, 60 percent comes from new investments and the rest is continuation of investments started in previous years.

Thus, in this way, foreign investment caused Tabasco to register a huge annual economic growth of 3 percent.

With these numbers, the country ranks first in the southeast of the country, in terms of attracting foreign investment, which has increased between 10 and 12 percent each year since 2019.

Regarding 2020, the entity recorded $26.7 million in foreign direct investment (FDI), only in the third quarter of 2020, of which $20.1 million was in new investments.

Accumulating a total of $262.7 million in new investments. The countries that invested the most in Tabasco that year were the United Kingdom with $193 million; It is followed by the United States with $97.7 million. And Spain $31.8 million.

In addition, the sector that generated the largest investment flow into Tabasco was mining in oil activities, valued at $218.5 million.

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Subsequently, the manufacturing site was set at $43.7 million; Financial Services, with a record $31.8 million. And manufacturing machinery and equipment $31.7 million.

Finally, in 2019, foreign direct investment in Tabasco exceeded $600 million, while in 2018 it was only 525 million.

Only in the first quarter of this year, the entity received $302.3 million in foreign investment, making it the country with the largest infusion of capital from this origin in the entire southeast of Mexico, which compares favorably with the same period of 2018, which recorded $197.1 million Only, representing a growth of 53.3 percent.

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