Samuel García announces expansion of five G10 companies in Nuevo León

Samuel García announces expansion of five G10 companies in Nuevo León

The state governor announced that he will meet with the two largest construction companies in China.

At the inauguration of the Forbes Forum, which is being held for the first time in the state, Governor Samuel García Sepúlveda announced that five companies that make up the Group of the 10 most important local companies will expand their operating plants.

However, he also revealed that this week he will meet with representatives of the two largest construction companies in China.

In the case of the five companies that make up the G10, the state governor commented that he cannot give many details about them because they are confidential, but he said that the investments they will make will be between 200 and 2 billion dollars.

“The (companies) that are already here, are so comfortable and have so much confidence that they are expanding, I do not want to say names because we are still in confidentiality contracts, but practically five of the group of the 10, this year are investing, 200, 300, or even 500 million dollars, one can exceed up to 2 billion dollars.

“And that speaks of who is here, is comfortable and invests in its expansion and future. Emmanuel Loo just told me that this week we are going to receive the two largest construction companies from China because they are also coming to Nuevo León,” he said.

As part of his message, the governor explained to the businessmen that in view of this investment boom, together with Tesla, the state is investing in infrastructure to offer the best conditions to investors.

For this reason, he boasted that the Interserrana and La Gloria-Colombia highways are already under construction, and the third stage of the peripheral ring road is about to be completed.

Regarding the latter, he said that it would be inaugurated in the first week of April.

Regarding Foreign Direct Investment, the state president also announced that this year they intend to break records by receiving between 12 and 13 billion dollars.

In view of the investment scenario that is being contemplated, the governor reiterated that there will be “no political adventure” that will distract him, as well as emphasizing that no quarrel with local deputies and mayors will distract him for a single minute.

“We do not know how long this economic boom will last, we expect it to last for the entire six-year term, and that is why today I am telling you that no political adventure will distract us, that no quarrel with the Congress or the mayors will distract us for a single minute, because this opportunity that is given to 100 years deserves all the attention and all the energy of our government to squeeze it and make the most of it,” said Sepulveda.

Finally, the governor added that Nuevo León currently has 50 percent of the nearshoring that takes place throughout the country.

Melissa Galbraith
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