ROCA NEWS

Private investment boosts economic expansion in Tamaulipas I 4 september 2024
September 4, 2024

Private investment, both domestic and foreign, continues to demonstrate confidence in Tamaulipas’ economic growth, resulting in a 2.6% annual increase in the state’s industrial sector for April, according to the Monthly Indicator of Industrial Activity (IMAIEF) from INEGI. 

This indicator, designed to track the development of the secondary sector at the state level, shows a positive trend in economic dynamism. The sector’s performance highlights a favorable environment for investment and business expansion. 

Recent industrial activity in Tamaulipas underscores the positive impact of collaboration between productive sectors and local associations under state administration. New and expanding businesses reflect this conducive environment. 

Recent expansions in Reynosa, with a total investment of $33 million, have generated over 1,500 new jobs, showcasing the success of current economic policies. 

The IMAIEF data reveals an annual growth of 11.6% in mining; a 3.5% increase in electricity generation, transmission, and distribution, as well as water and natural gas supply; a 6.7% expansion in construction; and a 4.9% growth in manufacturing. 

 

Source: https://shorturl.at/G7lJ5 

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