Mexico is attracting significant foreign investment, with French companies pledging $3 billion USD to projects in energy, automotive, and health sectors. This announcements, made during the «France and Mexico: Allies Torward Sustainable Nearshoring» event, underscores Mexico’s growing appeal as a strategic hub for nearshoring.
Key investments include:
- Valeo: $800 million over five years to expand operations in the automotive sector.
- Hydrogène de France: $2.5 billion in green hydrogen projects.
- Sanofi: $50 million to expand its plant in Ocoyoacac, Mexico State.
French Ambassador Delphine Borione praised Mexico’s geographic position, market access, skilled workforce as crucial advantages. However, she noted the need for clean energy, infrastructure, and water resourcess to meet future industry demands.
Despite uncertainties around upcoming elections in the U.S. and Mexico, French companies remain committed to expanding in the country. Hajer Najjar, general director of CCI France Mexico, highlighted Mexico’s stability and emphasized the need for sustainable finance to support innovative projects.
France is currently the eighth-largest investor in Mexico. Both countries are committed to deepening economic collaboration, aligning with President Claudia Sheinbaum’s vision of nearshoring as a key growth driver.
This wave of French investments reinforces Mexico’s role as a prime destination for multinational companies seeking growth, innovation, and sustainability in North America.
REFERENCES:
- Staff, M. (2024, 18 octubre). French companies to invest US $3B in nearshoring to Mexico. Mexico News Daily. https://mexiconewsdaily.com/business/france-3-billion-nearshoring-mexico/ .
