Mexico Invests over 114 Billion USD

Mexico, Feb 23 (Prensa Latina) Mexico has so far invested over 114 billion USD in foreign direct investment (FDI) since 2006, being the manufacturing sector the one that attracts more FDI.

According to an economic survey carried out by Mexico's Central Bank (Banxico) in 2012, the FDI would slightly increase and it is predicted an inflow of resources over 19 billion USD.

President Felipe Calderon stated on Wednesday that those results are an example of the strength and competitiveness of the Mexican economy, adding that the country has become one of the most reliable destinations for international investments.

After learning in Guanajuato that Italian company Ferrero Roche will invest 190 million USD, Calderon said that in 2011, Mexico exported products worth 350 billion USD, La Cronica de Hoy website reported.

Ferrero Roche will build a plant in San Jose Iturbide, in Guanajuato, which will start up operations in May 2013. With that investment, the country is expected to generate 500 direct and 1,500 indirect jobs.