Foreign investment will bring more factory jobs to Yucatan. Photo: Sipse

New investments in logistics and manufacturing will soon come from Europe, Asia and the United States, said Yucatan’s labor secretary, Ernesto Herrera Novelo.

At this rate, the 25,500 jobs lost to the pandemic will be recovered in two years, he said. So far, just 10,000 jobs have returned since the March economic lockdown.

The year’s first quarter saw 4.5% economic growth before the pandemic forced companies to close. Yucatan leads Mexico in export manufacturing, he said.

“But even so, Yucatan is among the five states with the highest growth, showing its strengths, so that despite the pandemic it continues to be attractive for national and foreign investment, said Herrera Novelo.

In the last 30 days, investments have add up to more than 6.5 billion pesos, he said.

“The investments that have already arrived and those that continue to arrive are guiding us on the path that the state has to follow,” Herrera Novelo said in Sipse. “We have to be a competitive place, continue to generate human resources and talent, which is what sets the market.”

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