Mexico City.- The construction sector in Mexico called to detonate public policies that strengthen infrastructure investment as a tool to accelerate economic development and promote formal employment.
The president of the Mexican Chamber of the Construction Industry (CMIC), Luis Méndez Jaled, supported the vision of President Claudia Sheinbaum by pointing out that the impulse to the economy begins with the activation of the construction sector.
He stressed that this formula has been proven throughout history in countries such as the United States, South Korea and Singapore, where infrastructure investment allowed to achieve sustained growth, generate jobs and raise competitiveness.
“Before producing, it is first built; before growing, it is first invested. In this way, what happens in the development of infrastructure is an early reflection of the economic course of the country,” he said at a press conference, according to a statement.
In particular, the Mexico Plan highlighted as an initiative with potential to become an expansionist policy of great impact, if it manages to mobilize public and private investment immediately.
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He argued that construction is a key indicator of the economic cycle, because when it is reactivated, the entire production chain is dynamic by increasing the demand for materials, generating employment and triggering consumption, even before these effects are reflected in GDP.
In this context, he pointed out that although the national economy grew 0.9% during the first semester, it is still below the average goal of 3% annual proposed for the six -year period. However, he said, the observed growth suggests a recovery trend.
“Private investment is key to accelerating the goals of the Mexico Plan, guaranteeing quality infrastructure, balanced regional development and sustainable employment generation,” he said.
To effectively incorporate the construction companies into the plan, the president of the organization proposed to strengthen the national value chain, through greater national content in public works and promote commercial financing through regulatory and fiscal incentives that encourage banking to participate in priority projects.
He also suggested the execution of infrastructure preliminary projects, accelerating the 46 proposals that the Chamber has in the Executive Development Phase, as well as the implementation of expansive public policies, which include fiscal stimuli, labor reconversion, support for MSMEs, legal certainty and promotion of productive investment.
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