Mexican businesses have made significant investments of more than 30 billion euros (US$33 billion) in Spain, positioning Mexico as the sixth-largest investor in the country.The Spanish ambassador to Mexico, Juan Duarte Cuadrado, highlighted the growing interest of Mexican companies in investing in Spain, with over 500 established companies contributing to this investment stock.These investments have primarily focused on construction, real estate, hotels, and finance, concentrating in the Madrid region.The Spanish ambassador emphasized that Spain is a potential platform for attracting investment and a natural destination for Latin American multinationals.Mexican and Spanish economic alliance: a billion-dollar partnership to boost economic growth.
(Photo Internet reproduction)The close economic ties between the two countries go beyond the numbers, creating complementary economies.
The presence of major Spanish companies in Latin America further highlights the natural market for Spain in the region.Furthermore, Mexican businessmen have been expanding their presence in Spain due to factors such as the depreciation of the euro and government incentives for obtaining golden visas through substantial investments.This has led to significant merger and acquisition activity in the Spanish market.On the other hand, Spain has also invested in Mexico, with registered investments totaling over US$53.484 billion.Despite recent tensions and calls for a pause in bilateral relations, business leaders, such as the president of Coparmex, Jos Medina, emphasize the need to strengthen the relationship between Mexico and Spain.They believe that the commonalities and shared interests between the two nations outweigh any differences.The investments made by Mexican businesses in Spain and vice versa demonstrate the mutually beneficial nature of their economic relationship, fostering closer ties between the two countries.