Guadalajara is expecting to materialize investments for US$546.8 million by the end of the year, but for 2014 everything leads to think that the amount will be doubled, pushed up by the real estate sector, according to the Municipal Secretary of Economic Promotion, Pedro Ruiz Gutierrez.In an interview, Mr. Ruiz said that there are several projects coming or under the negotiation stage which, when materialized, will mean investments for at least US$1.093 billion. Even if he kept the details for himself, he did say that the real estate sector will account for 50% of this new capital, while Ciudad Creativa Digital (Digital Creative City) will contribute with 30% and the tourism sector –particularly hotel projects– the remaining 20%.
You might also be interested in:
Ever wonder what qualities are required to be a successful headhunter?
Chinese firms continue to expand aggressively abroad, competing fiercely with incumbent heavy weights in a growing number of industries. China expert Shaun Rein identifies the key drivers, predominant sectors and human resource implications of unprecedented international growth by state-owned and privately held Chinese corporations in an interview with IRC Institute.