Tag: Investment
Plan to move Merida airport took most by surprise
Mexico's plans for a new Merida airport, unknown to the public until Tuesday, surprised local business leaders who days before were also taken off guard by sudden promises to fix Yucatan's failing power grid.
Mayor in China and governor in NYC, both networking with investors
The mayor of Merida was in China and the governor of Yucatan was in New York City this week, both promoting tourism and investment...
Mayan Train gets funding that would have gone to ProMexico
The federal government will pay its share of the Mayan Train with money saved by shutting 46 ProMexico offices around the world.
Millions invested in 3 new Yucatan hotel projects
Mexican hotel investors are pouring 800 million pesos, or roughly US$20 million, into Merida, Chichen Itza and Valladolid.
Japanese auto parts maker to open factory in Yucatan
Yucatan Gov. Mauricio Vila Dosal on Saturday traveled to Japan to meet with leaders of a company that has agreed to build an auto parts factory in the state.
Ties between Russia and Mexico appear to tighten
Major investment from Moscow in the Mayan Riviera and other areas was offered during a meeting between Mexico's president elect and the Russian ambassador.
German manufacturer Leoni builds 2nd plant in Yucatán
Not content with just one factory in Mérida, Leoni Wiring Systems has broken ground on a second.
Protect investors with a zoning plan in Mérida, Canaco leader says
Where a machine shop can legally operate next to a restaurant, investors hesitate to write checks.
Biggest project since the 1990s will stimulate even more growth, says...
Now several hotels are in the works, with more investments certain to follow, said Carol Kolozs Fischer, vice president of tourism for the local Chamber of Commerce.
39,000 new homes in Mérida’s north, many promising the high-rise ‘Lifestyle’
As the north of the city continues its building boom, new trends and demographic shifts are apparent.
Wiring systems plant opens with plans to hire thousands
Leoni, a leading European provider of cables and cable systems to the automotive sector and other industries, has officially opened a new, environmentally friendly wiring systems plant here.
Ucú land rising in value as neighbors grow
Between Mérida's western border and the new industrial area of Hunucmá, there is the municipality of Ucú, which a local newspaper has headlined "the new 'elite' zone."
2-billion-peso container plant nearly ready to open
Envases Universales opens its 2-billion-peso container plant on Thursday, July 13, creating 250 new jobs.
Peña Nieto: Yucatecan brewery a ‘turning point’ for Mexico and investors
At the launch of a gigantic new brewery in Yucatán, Mexico's President Enrique Peña Nieto declared a "turning point" in transforming the country into a "trustworthy destination" for investment.
Canadians hopscotch over U.S. for Mexico properties
Well-heeled Canadians, turned off by an uncertain political environment in the United States, are heading even further south for vacation real estate investments this winter, reports the Globe & Mail.
47 Centro properties restored to original splendor
One small tweak in the way the city's façade-rescue program works has made a big difference, even if it did cost the city 10 million pesos.
Cervecería Yucateca already announcing expansion
The massive new brewery in Hunucmá isn't even open yet, and its owner is already planning to expand it even more.
Sidewalk replacement project winding down
17,472 square meters of new sidewalk will have been installed by the time workers wrap up on Saturday. Crumbling sidewalks have been an ongoing issue here.
October deadline for road work around Siglo XXI
State officials have spent more than 22 million pesos on improving the street systems that surround the Siglo XXI Convention Center and the tangle of hotels and shops around it.
University of Miami building ‘smart city’ in Yucatán
The University of Miami’s School of Architecture will collaborate with the Yucatán Science and Technology Park to create ZenCiti, a “smart city” expected to revolutionize the IT world.
Sheraton, Marriott among 12 new hotels in pipeline
Twelve new hotels will rise across Mérida within the next few years, adding 1,600 rooms to the city's supply, according to tourism officials.
Hospitality is booming in Mérida
A second City Express Junior is quickly rising on the Periférico, bringing 106 more hotel rooms on seven floors when it opens in October.
Shiny new tower rising on the Prolongación
MID Center will rise along the Prolongación Montejo, towering over the Krispy Kreme donut shop, when construction begins this year.
Mérida welcomed into WTC inner circle
Another modernistic project is in the works, and this one has a globally famous name and the intention of cementing Mérida's place in international business.
