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Latino Daily News

Saturday October 12, 2013

Mexico May Receive $35 Billion in FDI in 2013, Peña Nieto Says

Mexico May Receive $35 Billion in FDI in 2013, Peña Nieto Says

Photo: Mexican economy

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President Enrique Peña Nieto said Mexico could receive at least $35 billion in foreign direct investment in 2013, based on preliminary data.

“At the close of this year, foreign direct investment could eventually be more than $35 billion,” the head of state said during a ceremony to inaugurate a Chrysler factory in the northern city of Saltillo.

“These investments confirm that the world is turning its attention to our country,” the president said, attributing the FDI inflows to an increase in investor confidence.

He said accumulated FDI thus far this year has reached a record high of $24 billion.

During the inauguration ceremony, Chrysler Group Chairman and CEO Sergio Marchionne said the new $1.1 billion factory would provide employment to 1,000 people and churn out the RAM ProMaster commercial van.

He also announced an additional $164 million investment in another plant that will manufacture the four-cylinder Tigershark engine and provide jobs to 470 people.

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