Category: Foreign Investment

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PUERTO VALLARTA AMONG THE BEST CITIES IN THE WORLD TO VISIT

PUERTO VALLARTA AMONG THE BEST CITIES IN THE WORLD TO VISIT Estefanía Montes Oct. 9, 2019 7,882 views Puerto Vallarta has been recognized as one of the 10 Best Cities of the World to Visit Outside United States, in the category Small Cities, according to Condé Nast Traveler 32º Reader’s Choice Awards. Our beautiful destination was granted 5th position due to its natural attributes, its powerful energy, attractive activities for the whole family, and other qualities that meet in the Read More …

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More and more Baby Boomers are moving to Mexico for retirement

More and more Baby Boomers are moving to Mexico for retirement By Yucatan Times on March 3, 2019 (Photo: Google) Morgan Hill, California – A new “Expats In Mexico” online survey of people who are considering moving to Mexico found that 81 percent of Baby Boomer respondents said they will retire in Mexico, nearly 52 percent within two years. “It’s not surprising that so many Baby Boomers, primarily from the U.S. and Canada, are considering retiring in Mexico,” said Robert Nelson, Read More …

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AUBERGE RESORTS’ “SUSURROS DEL CORAZÓN” BREAKS GROUND IN THE RIVIERA NAYARIT

February 22, 2019 •Vallarta Daily News AUBERGE RESORTS’ “SUSURROS DEL CORAZÓN” BREAKS GROUND IN THE RIVIERA NAYARIT The global luxury brand Auberge Resorts Collection has begun construction on its latest property, Susurros del Corazón (Whispers of the Heart), located in the exclusive area of Punta de Mita in the Riviera Nayarit. This is a luxury boutique development with only 30 beachfront residences with a view of Banderas Bay and a tentative opening date for 2020. The groundbreaking ceremony took place Read More …

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International tourist numbers up 5.5% last year and they spent more, To Mexico

The beach umbrellas are ready for more growth in tourism. International tourist numbers up 5.5% last year and they spent more There were 41.4 million international tourists and they spent 6% more Tuesday, February 12, 2019 A record 41.4 million international tourists came to Mexico last year, 5.5% more than in 2017, and they spent more while they were in the country. The Secretariat of Tourism (Sectur) said in a statement that 41,447,000 foreign tourists visited Mexico in 2018 compared Read More …

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Hotels bet big on tourism: majors plan 352 new properties in next 3 years

Paradisus Playa Mujeres is one of the new luxury hotels. Hotels bet big on tourism: majors plan 352 new properties in next 3 years Several new luxury hotels are slated to open this year Monday, January 7, 2019 47SHARES The principal hotel chains that operate in Mexico are planning to open 352 new properties between this year and 2022, according to an analysis by the real estate firm CBRE. City Express Hotels, which mainly targets business travelers, will lead the Read More …

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Enel Green Power to invest US $160 million in solar plant

More solar panels are coming to Tlaxcala. Enel Green Power to invest US $160 million in solar plant Tlaxcala project will be the largest in the Americas Monday, October 8, 2018 The largest solar power plant in the Americas is scheduled to start operations by mid-2019 in the central Mexico state of Tlaxcala. Located on a 1,000-hectare expanse of land straddling the Tlaxco and Hueyotlipan region, the Magdalena 2 plant will be built by the Italian multinational Enel Green Power. Read More …

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Mexico says deal with U.S. on NAFTA issues may be ‘hours’ away

August 22, 2018 •Reuters Mexico says deal with U.S. on NAFTA issues may be ‘hours’ away   Agreement between Mexico and the United States on outstanding bilateral issues in renegotiating the North American Free Trade Agreement (NAFTA) could be just a few hours away, Mexican officials said on Wednesday. “We hope that we’ll have a solution in the next couple of hours, or the next couple of days,” Mexican Economy Minister Ildefonso Guajardo told reporters before entering the offices of Read More …

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More tourism infrastructure coming to Riviera Nayarit

The Kyrstal Grand Nuevo Vallarta opened last year. More tourism infrastructure coming to Riviera Nayarit Several new properties opened last year and more are coming Monday, June 18, 2018   After a successful 2017 the Riviera Nayarit region is looking forward to further growth. Riviera Nayarit is a 300-kilometer or so stretch of coastline in Nayarit state between the historic port of San Blas and the Banderas Bay in Nuevo Vallarta, adjacent to the resort town of Puerto Vallarta, Jalisco. Read More …

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Chinese auto maker BAIC is preparing to announce a US $2-billion investment to build a plant in Mexico, according to company sources.

The BJ40 is one of the models BAIC sells in Mexico, with prices starting at 571,900 pesos. Chinese auto maker preparing to build US $2-billion plant BAIC vehicles are only assembled here, leaving them subject to a 21% tariff   Chinese auto maker BAIC is preparing to announce a US $2-billion investment to build a plant in Mexico, according to company sources. The unnamed sources told news website Expansión that the plan could be made public as soon as next Read More …

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Billion-dollar bet by One & Only Resorts

Billion-dollar bet by One & Only Resorts A beach at Mandarina in Nayarit. Mandarina is residential project, hotel in Riviera Nayarit Mexico News Daily | Saturday, January 27, 2018   An international ultra-luxury resort operator is making a billion-dollar bet on a new oceanfront residential development in Nayarit, just north of the Pacific coast city of Puerto Vallarta. One & Only Resorts, owned by the Dubai-based company Kerzner International Holdings Ltd., is selling private homes in the US $1 billion Read More …