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Just a couple of days ago, President Pena Nieto announced that his government would seek to invest $315 billion USD into Mexico’s economy during his 6-year presidency. It seems that the announcement has boosted investor confidence.

Heavy infrastructure investment served the country well under the last president (Calderon), and it appears that Pena Nieto is continuing this direction and advancing it.

I’m sure that more and more Americans will be reacting to Mexico’s positive direction, investing in the country and buying Mexico real estate.

Here’s a short article I found:

Mexican President Enrique Pena Nieto’s administration will seek $315 billion in infrastructure investments during his six years in office to accelerate economic growth.

 

The plan includes investment by the government and private companies in energy and about $100 billion in communications and transportation projects such as new ports and rail lines, Pena Nieto said today at an event in Mexico City.

 

Pena Nieto has pledged to double Mexico’s growth rate in part by increasing private investment in the oil industry. The nation must lift private and public spending in public works, which have lagged in Latin America’s second-largest economy, Pena Nieto said.

 

…

 

Mexico’s peso advanced 0.8 percent to 12.7096 per dollar at 1:22 p.m. local time. Shares for steelmaker Industrias CH SAB surged 3.8 percent while Empresas ICA SAB, the country’s biggest construction company, advanced 2.3 percent. [source: Bloomberg]

Don’t you think now is a good time to start paying more attention to investing in Mexico?

-by Thomas Lloyd