México’s Secretariat of Economy announced that during the first half of this year México was the beneficiary of $9.733 billion in Foreign Direct Investment (FDI).
The Secretariat noted that this amount includes an atypical transaction in the second quarter, which consisted of the purchase of shares by Mexican investors of the company America Movil.
The first half of 2013 also saw an atypical transaction when shares of Mexican Groupo Modelo were sold to foreign investors.
The $9.733 billion in FDI reported for the first half of 2014 is 59 percent lower than that reported for the same period in 2013. The Secretariat noted, however, if the atypical transactions are eliminated, the FDI during the first six months of 2012 would have been 34 percent higher than the same period last year.
Spain led the list of countries investing in México with a cumulative investment of $2.544 billion.
(from El Sol de Mazatlán)
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