Business opportunities in the Mexican market
Mexico is the second largest economy in Latin America, the 14th economy in the world. GoldmanSachs predicts that Mexico’s economy will be the 8th in the world by 2050. To fulfill this ambition there has to be an upgrade in the transport infrastructure, something the Mexican government understands and is committed to. The current infrastructure plan of the Mexican government (2013-2018) consists of 149 projects with an investment of 30+ billion USD. Also Smart Mobility in Mexico will experience significant growth in the coming years.Tips and tricks for doing business in Mexico »
The government of Mexico has confirmed 11.6bn pesos ($646m) to be invested in a smart grid over the next eight years to increase the network reliability and flexibility in Mexico. The Secretary of Energy states that Mexico has the know-how, technology and human resources to implement this new modern grid. Also confirmed is a 14.6bn pesos ($825m) investment towards the expansion and modernization of the transmission and distribution network. This to allow both public and private firms to deliver electricity to consumers. Siemens is involved as strategic partner to incorporate the new digitized technologies.