Foreign investment of Spanish origin did not stop and this year new companies will arrive in the Center-West area, since 20 companies from the technology, energy, construction and automotive sectors intend to invest in the Bajío area, said Laura Carmen Tamargo Quílez, director of the Center-West Delegation of the Spanish Chamber of Commerce.

In addition, Tamargo announced that 40 percent of the companies installed in El Bajío registered growth.

“We are seeing an expansion of plants…it is a very good thing because not only do we see investment coming from Spain, but also the size of the companies that have invested in recent years is increasing, a very gratifying fact because despite the pandemic we see a growth”, considered Tamargo.

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The states that make up this delegation are Querétaro, Aguascalientes, Guanajuato, Jalisco and San Luis Potosí.

The director pointed out that they have an approach with both the state and federal governments to encourage foreign investment.

“A lot of investment comes from Spain due to the benefits generated by Mexico and the central-western area, in this case Querétaro, is very prosperous for companies, since we have a good location for logistics issues and with the support of the government both state and federal”; pointed out.

He recalled that Spain is the second country with the most investment in Mexico and that the companies with the greatest presence are from the technology, automotive and construction sectors.

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It is estimated that Spanish investment in Querétaro ranks second in the state, generates 42 thousand jobs and was the first investor in 2021, with more than 200 companies, according to the state authority.

According to the Ministry of Economy, during 2021 the state received 204.1 million pesos of Foreign Direct Investment (FDI) of Spanish origin.

With more than 130 years of history in Mexico, the Spanish Chamber of Commerce is a non-profit civil association, officially recognized by the Spanish State and created in order to strengthen the development of economic and business relations between Spain and Mexico, promoting investment and trade between both countries.

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