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Mexico real estate and tourism investment opportunities presented at China International Fair for Investment and Trade (CIFIT)

Thomas Lloyd

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Mexico real estate and Mexico tourist projects alike carry a strong appeal to foreign investors. For this reason the projects Mexico is presenting are expected to fair well at the China International Fair for Investment and Trade (CIFIT). This week the National Fund for Tourism Development (Fonatur) is presenting an extensive portfolio of tourism projects at CIFIT, which began Tuesday, Sept. 8, in the city of Xiamen.

In an interview the assistant marketing director of Fonatur, Luis Alfonso Lugo Platt, expressed that this event is an excellent opportunity for Mexico attract investors in Asia.

The projects presented in CIFIT are attractive for any investor, he said, and are located in areas marked tourist activity such as Cancun, Ixtapa, Huatulco, Nayarit, Los Cabos and Loreto.

These destinations offer Mexico real estate for sale and a wide range of products for hotel use, commercial, residential, at low, medium and high densities, and privileged access to the sea and the beachfront.

Lugo Platt recalled that in the first stage of one project - 2005 to date - Fonatur invested directly in the construction and operation of a group of nautical bases (the Escalera Nautica) in the states of Baja California Sur, Baja California, Sonora, Sinaloa and Nayarit, and currently have eight bases in operation and two under construction. He said the next stage is to transfer this project to the private sector; nine bases will be transferred this year through a process public bidding.

The official said in previous months there was a task to develop an agenda of appointments with various companies and organizations from various areas such as hotel chains, developers, tourism services, investment funds, among others.

"We already know that the Asian market looks at our country as an attractive destination for investment in tourism and one of the goals of Fonatur is to increase that market and revive it systematically, according to the master plans for tourism in this country “he said.

The ProMéxico director of Asia-Middle East , Neil Davila, noted that before coming to CIFIT the projects were analyzed and lobbied with Chinese entrepreneurs who are genuinely interested in them.

"On this trip our aim is not to sit down with 80 potential investors to see what might happen, but with companies that really want to participate, " he said and noted that other projects include the areas of mining, automotive and telecommunications.

In total, he said, are 22 projects with a high probability of being sold. The Escalera Nautica requires investment of 100 million dollars.

It is estimated that CIFIT will receive over 440 delegations from 126 countries and attendance of 13,500 visitors are highly specialized in all sectors; for this reason the Escalera Nautica project also will be promoted.

Finally, he noted that participants will promote their investment projects in segments, such as exhibition stands, presentation through forums and seminars, as well as by direct negotiation.

The hoped-for investment will impact the Mexico real estate industry through the improvements it will bring to these major real estate destinations.

TOPMexicoRealEstate NETWORK; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely


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