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Quintana Roo will close year with $226 billion in foreign investment

Riviera Maya, Q.R. — The state of Quintana Roo will close the year with more than $226 billion in foreign investments. Rosa Elena Lozano Velázquez, Secretary of State Economic Development, says the state will close 2021 with $105 million more than the previous year.

She reported that a majority of the state’s investments occurred in the northern region, mainly in the construction, tourism and housing development sectors.

“Just as employment is recovering, foreign direct investment is also recovering, which means that the Gross Domestic Product (GDP) of Quintana Roo is also on the rise,” she said.

She said that foreign investment for the state in 2019, was $250 billion USD, while in 2020, it drastically decreased to $121 million USD due to the negative effects of the global pandemic.