Spanish hotels will invest 2.5 billion in Mexico

Spanish hotels will invest 2.500 million dollars in Mexico

Spanish hotels will invest 2.500 BILLION dollars in 25/04/2011 15:34
The Mexican government is studying the arrival of foreign investments in Spain by 2.500 billion dollars (million dollars) over the next 4 years to fund tourism projects, mainly the construction of hotels along Mexico.

This investment will mainly come from the Sol Melia hotel chain Barceló to generate 20.000 direct jobs in the sector.
The investment figure could be increased, as confirmed by the Mexican government has other 1.000 million dollars that are under negotiation.

In addition to Spanish companies already doing business in Mexico, is expected to come from a greater volume of Foreign Direct Investment by German and Asian tourism developers.
For the Mexican government is essential that the economic outlay abroad arrive in the country, as tourism is the third largest source of income for Mexico's national economy and represents 9% of Gross Domestic Product details (GDP) and also generates more than seven million jobs, with a multiplier effect on their production system.