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Yucatan company to invest in Riviera Maya residential and tourism real estate

Riviera Maya, Q.R. — Yucatan-based real estate company Inmobilia says they plan to invest 5 billion pesos into residential and tourism projects in Riviera Maya. The reason for the injection, the General Director points out, is the infrastructure that has created an attractive destination.

Roberto Kelleher, the General Director and founding partner of the firm says the area, especially Cancun, Playa del Carmen, Mayakoba and Tulum, have become an attractive destination for the U.S., the largest market in the world.

“In the entire Riviera Maya there are 120,000 hotel rooms, 15,000 more are under construction. The Cancun airport is breaking records every year with nearly 30 million passengers.

“The Tulum airport, with direct flights to the United States and Europe, will move 5 million passengers in two or three years. Mexico is having a boom in tourist areas that hardly any other country can compete with in that sense,” he said.

To date, Inmobilia has constructed many projects throughout the country from mixed-use complexes to tourist resorts, a private island in the Caribbean and a golf course.

While the dynamism is tangible for the private real estate sector, Kelleher says that infrastructure development, especially for water and energy services, must be one of the priorities in the region.

“Sometimes, it is difficult for Mexicans to plan, for the southeast in general, a lot of expectations have been unleashed although there is a primary issue, which is energy and water.

“Mexico is on the path to detecting where more investment is needed in infrastructure issues,” he added.

He celebrated the construction of the Mayakan pipeline, which will have more than 700 kilometers of extension to promote the transportation of natural gas. It is expected to supply the combined cycle plants for power generation in the Yucatan Peninsula.

He commented that after six years of planning, a majority of the Maya Train is up and running and in its wake is unleashed accelerated real estate growth that brings not only opportunities, but also important challenges.

For him, he says this is a positive initiative for the takeoff not only of tourist and residential real estate development in the south-southeast, but for other segments that will also benefit from the heavy cargo service of the Maya Train.

“The train’s strategy of incorporating the cargo part and joining it with the Transisthmian Corridor between the Pacific and Atlantic seas, will leave Mexico with a strategic position to boost growth.

“Towards the next six-year term, we observe that both candidates are very clear about the need for infrastructure, both have different strategies, but the good part is that they have the diagnosis that this country needs more energy,” Kelleher noted.