The Mexican Chamber of the Construction Industry (CMIC) asked Claudia Sheinbaum’s government not to reduce public investment for infrastructure works in 2025, nor to remove the locks on fiscal stimuli to increase private participation in the construction of airports, trains , roads, ports and other works.
“It is important that the infrastructure is not uncovered because it detonates 3 or 4 branches of the economy, so we must look for fiscal stimuli in an orderly manner,” said Luis Rafael Mendez Jaled, president of said chamber.
“At the CMIC we will work so that fiscal stimuli are not limited to certain regions, but are expanded to more sectors,” added the manager during the presentation of the Private Infrastructure Decalogue for investment and Development.
According to the sector, the 2025 economic package faces serious restrictive issues due to the public deficit, which is planned to be reduced to a range of 3 to 3.5 percent of the gross domestic product.
Therefore, for a sustained growth of 5 percent, an investment of 30 percent of GDP is required and for Mexico to maintain the level of the second builder in Latin America, behind Brazil, added the business representative.
The manager said that the construction industry impacts 74 of the 78 subsectors of the economy, as well as generating almost 8 percent of Mexico’s gross domestic product in the first half of 2024, which is equivalent to more or less 2.3 billion weights.
At the moment, the CMIC representatives are waiting for meetings with the Secretary of Infrastructure, Communications and Transportation (SICT), Jesús Esteva, and the Business Coordinator of Claudia Sheinbaum’s government, Altagracia Gómez Sierra, to present the projects and figures that may be susceptible to use in the construction of works such as government and private investment, among others.
Today the investment required in infrastructure must be double or triple, since in 2023 1.6 trillion pesos were invested, of which one trillion was government and the remaining 600,000 from the private sector, he added.
The president of the CMIC considered that in this six-year term there are better opportunities for the sector due to greater inclusion of private investment in national development programs in industrial parks, which this year are 72 new units that register investments greater than 8 billion dollars and 418 thousand jobs.
Follow information about business and current events in Forbes Mexico
Do you like to get informed through Google News? Follow our Showcase to have the best stories
