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Baja California is a magnet for investments

Admin | 03.08.2012

Baja California is fourth place nationally in attracting investment with $700 millions in the first half of 2012, said the President of Industrial and Economic Development of Tijuana (DEITAC), David Mayagoitia Stone.

Baja California is fourth place nationally in attracting investment with $700 millions in the first half of 2012, said the President of Industrial and Economic Development of Tijuana (DEITAC), David Mayagoitia Stone.

Interviewed after the bimonthly DEITAC meeting, Mayagoitia said that according to the State Secretary of Economic Development (Sedeco), the investments during the first six months of the year ranked the state in the first four places of attraction, in which Tijuana contributes significantly.

“We’ve had new companies of great scope, we’ve also had many expansions and many products of that kind, which stirred more than two thousand jobs so far this year” he said.

In his view, the investments that are coming to town are going to be consolidated in the second half of 2012, as it requires a process to become a reality.

"We are on pace, we still have perception problems, but those are natural, it will take some time to reduce that situation," he said.

In that sense, Mayagoitia Stone said that in talks with people from abroad (mainly U.S. and European) the ones who "read the sad news", are living with the idea that Mexico is unsafe.

“We work very well with the city government, with the state government we’ve had different views on how to benefit, they’re using the Secretary of Tourism (Secture) to solve the problem of perception, we think differently”, he added.

So far this year there are four tractor companies that have come to the city, plus the ones that worked in the expansion, as is the case of Hyundai.

Source: http://www.aim.org.mx

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