Tag: Investment
Citigroup to sell off Banamex, owner of historic Casa de Montejo
Multinational investment bank Citigroup has announced that it will sell off Banamex.
The largest online retailer in Mexico to flex its muscles in...
The online retailer Mercado Libre has announced its plans for a new logistics and distribution center in Mérida.
Could Yucatán be sitting on billions worth of lithium?
Yucatán may be sitting atop significant lithium deposits, according to Sen. Napoleón Gómez Urrutia.
A big win for Yucatán, the newest member of the World...
A campaign to further boost the state’s economy has paid off. Yucatán has been granted membership in the elite World Tourism Organization.
Mérida pulls out all the stops to celebrate Mexico’s largest tourism...
Last night Mérida’s Centro was abuzz with activity as the city wrapped up its first day hosting the Tianguis Turístico Mexico, the nation’s largest tourism industry trade show.
Yucatán looks to reboot its tourism industry through major investments
The state government has announced that it will be investing nearly 1.4 billion pesos (67 million USD) in four new projects to revitalize Yucatán's tourism sector.
Construction at Xcaret’s new theme park near Valladolid shut down
Construction at Xcaret’s Xibalba theme park in Yucatán has been halted after a surprise inspection by Mexico’s federal environmental agency, Profepa.
Progreso to host the Americas’ largest shipyard
Yucatán's Gov. Mauricio Vila Dosal in Trieste Italy with the executive board of the Italian company Fincantieri. Photo: Courtesy
Mérida real estate market heats up, even beyond the Periférico
Increases are not limited to the Centro or its surrounding neighborhoods. Areas once considered fairly affordable such as Francisco de Montejo, and Ciudad Caucel have also seen considerable price hikes.
Tensions flare over plans for Mérida’s new stadium
Promotion of Housing Industry, says Mérida’s new multi-purpose stadium will increase property values in the city’s north.
Not everyone is excited about Mérida’s new stadium
Mérida's new stadium is set to be built in the north of the city in the Cordemex neighborhood, but not everyone is excited.
Yucatán unveils details of its striking new sports stadium
Plans have been unveiled for the construction of a new sports arena in Mérida’s north with a maximum capacity of 32,000 spectators.
Should Yucatán develop its very own Cancún-like hotel zone?
Tourism developers suggest developing a three-mile-long hotel zone along Yucatán's coast.
Merida Aerospace sets ambitious new plan for 2021 test launch
The location of the launch facilities and control center has yet to be disclosed, but would be in a remote region, perhaps near the coast.
Amazon distribution center in Umán is 35% complete
Computer rendering of Amazon’s facility in Umán. Image: Courtesy
Yucatán Gov. Mauricio Vila Dosal visited yesterday the construction...
More investment is needed to bring water to distant communities
Many families in remote communities rely entirely on the use of wells. Photo: File
Experts warn that...
Amazon to open new warehouse in Umán
Amazon warehouse in Tepotzotlán, Estado de Mexico. Photo: Creative Commons
Online retail giant Amazon will invest in a...
Company bets on Yucatán’s place in aerospace
Rendering: Merida Aerospace
Merida Aerospace, a new company with plans to operate in Yucatán, hopes to build Mexico's...
Jobs in Yucatan will return to pre-pandemic levels in 2 years,...
Foreign investment will bring more factory jobs to Yucatan. Photo: Sipse
New investments in logistics and manufacturing will...
More growth at Siglo XXI, cruise port and Xcanatun
Investors are betting on more business and leisure travelers coming to Yucatan.
In Merida’s changing skyline, 30 new ‘skyscrapers’ are coming
Via Montejo, which opened in 2018, added numerous high-rises along Merida's periferico. Photo: Courtesy
Merida, Yucatan — The...
Plan to move Merida airport took most by surprise
Mexico's plans for a new Merida airport, unknown to the public until Tuesday, surprised local business leaders who days before were also taken off guard by sudden promises to fix Yucatan's failing power grid.
Mayor in China and governor in NYC, both networking with investors
The mayor of Merida was in China to meet with investors and other city leaders. Photo: Courtesy
The...
Mayan Train gets funding that would have gone to ProMexico
The federal government will pay its share of the Mayan Train with money saved by shutting 46 ProMexico offices around the world.