Hidalgo attracts 147.7 billion pesos in private investment

The state of Hidalgo, Mexico, has secured 147.7 billion pesos (approximately $8.7 billion USD) in private investment over the past four years, a figure that eclipses the total captured by the previous four administrations combined. Governor Julio Menchaca Salazar announced 10 new investment projects valued at 21.9 billion pesos during the Ninth Investment Announcement, bringing the total number of investments under his administration to 130.

These substantial investments are expected to generate 191,000 direct and indirect jobs. The state's economic activity has seen a remarkable annual growth of 8.2%, with its industrial sector expanding by an impressive 21%. "Investing in Hidalgo is believing in the future of our communities, our people, and our Mexico," stated Víctor Manuel Velázquez Rangel, president of the Administrative Council of the Cruz Azul Cooperative, highlighting the confidence businesses have in the region's potential.

Among the significant new projects is DEWA-Frontier's commitment of 10.1 billion pesos to the Zapotlán Reserve Economic Development Hub for Well-being. The Cruz Azul Cooperative is investing 6.5 billion pesos to renovate its plant, build a hospital, and establish a new cement production line. Other notable investments include Gran Relax Internacional's 3.5 billion pesos for Mundo Charro, Transportes Castores' 500 million pesos for a distribution center in Tolcayuca, and Home Depot's 397 million pesos for a new store in Tulancingo. The remaining projects span logistics, industrial, commercial, and manufacturing sectors.

Of the 130 accumulated projects, 75 are already operational, 23 are under construction, and 22 are in the planning or permitting stages. This surge in investment signals a significant shift, addressing a historical lag in economic development for Hidalgo and positioning the state for future growth.