Every day it seems there is more information about additional foreign investment in Mexico. Much of it is from Europe! The Italians and Germans are moving in en masse with factories, businesses and money. Many others as well. The Asian population is concentrating in Leon which is the shoe manufacturing and leather processing capital of Mexico. Leon is a little over an hour from San Miguel and has an international airport.
Many people who have in the past gone to the USA to make a living are returning with their families to
have "the good life" back home. It is very uplifting to see.
San Miguel, Queretaro, Silao, Salamanca and many other cities have benefited from this in the past and will in the future.
people from the USA moving here, but also Europeans and Mexican nationals.
Yesterday I wrote about some of the changes to traditional celebrations. As one can see from the list that I'm going to provide below, change is inevitable. It, of course, under some circumstances, is a good thing.
Citibank is investing $1 Billion dollars in Mexico. That is in addition to the $1.5 billion already invested in 2014! After this investment through Banamex it will be the second largest bank in Mexico with the name
of Citibanamex. Say that three times fast.
DHL Express which is part of a German company is investing $100 million dollars in Mexico and when finished with their expansion will have 500 customer centers throughout the country. DHL has been in Mexico for a long, long time. It was who I used for sending envelopes back and forth to and from the USA in the early days - the 80's. It was the only way to guarantee, back then, that the envelope would get there.
New car sales are up 18% in nine months! Nowadays instead of the Nissan taxis and VWs, one sees every kind of car from Honda to Audi to Toyota being inclusive of all the others. The percentages of ownership of new cars in this nine months was Nissan 25%, GM 18.8'5 and VW 16.2 percent. Interestingly, to me at least, is the fact that some of these car models are not exported to the USA but are used within country.
Previously I've mentioned that new clean factories are opening on the periphery of San Miguel out in the countryside. Several are manufacturers of car and airplane parts. Queretaro which is forty five minutes away from San Miguel has a contract to build aircraft there so these ancillary small factories are supplying some of the parts needed for the aircraft. Same with the car parts as there are many, many car manufacturing plants in Silao, Salamanca and other cities about an hour to an hour and a half from San Miguel.
It's the tip of the iceberg. Mexico is on a roll. Happily it has been an extraordinary year for Mexico and it is not over yet. Viva Mexico!