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Mexico: Private Investment Soars to $944 Million in Tourism Sector

Article Summary:

During the first quarter of 2012, the private sector invested $944.98 million to strengthen, expand, and improve the tourism infrastructure of Mexico, an increase of 5% compared to 2011, according to Mexican government officials.

Photo Credit: Caribbean News Digital

Original Article Text From Caribbean News Digital via Google Translate :

Growing private investment in the tourism sector in Mexico

During the first quarter of 2012, the private sector invested $944.98 million dollars to strengthen, expand and improve the tourism infrastructure of Mexico, an increase of 5% compared to 2011, said the Tourism Ministry, Tourism Ministry, and said the accounted for most national capital.

Between January and March, the housing projects were the largest investment picked up, with 652.07 million dollars. Following are real estate investments, with 183.65 million dollars, the services (44480000), entertainment (33.25 million) and food and beverages (8.7 million).

The Midwest region was the attracted more private resources in accounting for 482.29 million dollars, followed by beach destinations, with 344.30 million dollars, the northern region, with 76.06 million dollars, and the Mundo Maya region, with 42, $ 33 million, said the Tourism Ministry.

Entities received more resources from the private sector to strengthen the tourism infrastructure were the Federal District, which reported $ 380 million, Nayarit, with 96 million dollars, and Jalisco, 95 million. In Oaxaca the private sector invested 51.52 million dollars and Baja California attracted 48.73 million.

These five states accounted for over 70% of resources channeled to the private sector during the first quarter, said the Ministry of Tourism. the total of funds raised in the first three months of the year, 795.42 million dollars, 84% of the total, were for the national capital.

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