MEXICO CITY: Mexico’s foreign direct investment (FDI) is expected to hit US$20 billion in 2011, according to business publication EMid Digest.
In 2010, the country received US$17 billion in FDI, a 16 percent rise from 2009.
“We expect it to be around US$20 billion in 2011. It is going to be a good year,” Mexico’s Secretary of the Treasury and Public Credit Ernesto Cordero was reported as saying.
Mexico’s aerospace, automotive, mining, retail and wind power industries are expected to attract the lion’s share of capital inflows in 2011.
According to the Mexican Chamber of Mining, investments in the mining sector are expected to reach US$4 billion this year.
Source: Emid Digest
