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Quintana Roo projected to see 65 percent investment increase in 2019

Chetumal, Q.R. — Quintana Roo has been projected as being one of the strongest economies in the country for this year, not only in terms of tourism, but also in investments.

According to El Instituto de Desarrollo y Financiamiento de Quintana Roo (Idefin), the state is anticipated to see a 65 percent increase in its economy with projects in real estate, health, communications and technology.

They report that over the course of the year, 15 foreign-investment projects are already set for both the north and south.

In the south, specifically in Chetumal, real estate developments, health projects and technology centers are being planned that will modernize the urban infrastructure pending the relocation of the Tourism Secretariat (Sectur) to the state’s capital city.

The investment groups are from the United States, Canada, Spain and France and the projects are focused on the real estate, health, communications, technology and agro-industry sectors.

In 2018, according to data from la Secretaría de Economía, Quintana Roo received $274 million USD in foreign investments, mainly from the United States, Spain and Canada, a figure that is forecast to increase dramatically this year.

Telcel is also investing in a tower that will allow the capturing and distributing of cell phone signals in southern communities such as Maya Balam, Kuchumatán, Caanlumil, Miguel Hidalgo, San Isidro la Laguna, Blanca Flor and Ávila Camacho.

This investment is part of a larger project that includes the installation of five antennas in different communities so residents of at least twenty towns in the south will have access to digital technology.

For the north, the government recently announced a new multi-billion-peso mega mall for Cancun. In December, Canadian company K & A Associates announced their intention to invest around 4.5 billion peso in the development of medical and residential facilities due to the state’s booming growth.