Introduction to Sinaloa’s Investment Potential
Sinaloa, a Mexican state known for its strategic location and logistical capabilities, is becoming an attractive destination for both domestic and foreign investors. Governor Rubén Rocha Moya highlighted this growing interest, as the federal government recently announced the creation of Economic Development Poles in various regions across Mexico, including Topolobampo as part of this national strategy to attract investment.
The Role of Plan México
Plan México, a national strategy led by President Claudia Sheinbaum and Secretary of Economy Marcelo Ebrard, aims to stimulate economic growth through new investments and competitive conditions for industries. Sinaloa’s inclusion in this initiative is a testament to its potential as an investment hub.
Sinaloa’s Advantages
Governor Rocha Moya emphasized that Sinaloa’s favorable conditions for economic development, combined with its strategic location and logistical capabilities, make it a highly competitive territory for investors. He stressed that the state’s attractiveness and abundance of opportunities have caught the attention of investors.
Federal Government’s Analysis and Support
The federal government, in collaboration with various departments such as Semarnat, Sedatu, Hacienda, and the Regional Economic Development Council, analyzed Topolobampo based on technical and economic criteria. This led to its selection as one of the 14 Economic Development Poles in the country, supported by ongoing business projects in the area.
Secretary of Economy’s Statement
Ricardo Velarde Cárdenas, the Secretary of Economy, explained that the inclusion of Topolobampo as an Economic Development Pole is a result of joint efforts between the state government and the federal economy department. This comprehensive approach aims to boost the economic growth of northern Sinaloa, aligning with Governor Rocha Moya’s vision for a strategic and sustainable industrial future for the state.
Topolobampo’s Investment Opportunities
The designated area for the Economic Development Pole spans 295 hectares, owned by FOINFRA, a state trust established to promote industrial development. This land offers strategic advantages such as location, connectivity, energy capacity, and basic infrastructure, which are crucial factors for attracting more businesses.
Incentives for Businesses
Companies choosing to establish themselves in this region will have access to tax incentives, including immediate 100% deduction for new fixed assets and an additional 25% deduction for training and innovation expenses. Furthermore, administrative benefits will streamline their interactions with local, state, and federal government agencies.
Key Projects in Topolobampo
Several significant projects are already underway in Topolobampo, demonstrating the region’s immense potential. These projects include:
- Pacífico Mexinol’s green methanol plant, set to be the world’s largest;
- GPO’s ammonia plant;
- DH2 Energy’s green hydrogen plant, powered by solar energy;
- Sempra Energy’s LNG terminal;
- Oroco Resource Corp’s copper mining project;
- Puerta Pacífico Industrial Park;
- The future Topolobampo-Choix-Chihuahua highway, ensuring direct connectivity to Texas, USA.
These projects are estimated to bring in approximately $13 billion in investments over the coming years and create around 30,000 jobs.
Key Questions and Answers
- What is Plan México? Plan México is a national strategy led by President Claudia Sheinbaum and Secretary of Economy Marcelo Ebrard, aiming to stimulate economic growth through new investments and competitive conditions for industries.
- Why is Sinaloa attractive to investors? Sinaloa’s strategic location, logistical capabilities, and favorable conditions for economic development make it an attractive investment destination.
- What projects are underway in Topolobampo? Key projects include Pacífico Mexinol’s green methanol plant, GPO’s ammonia plant, DH2 Energy’s green hydrogen plant, Sempra Energy’s LNG terminal, Oroco Resource Corp’s copper mining project, Puerta Pacífico Industrial Park, and the future Topolobampo-Choix-Chihuahua highway.
- What incentives are available for businesses in Topolobampo? Businesses can access tax incentives such as immediate 100% deduction for new fixed assets, an additional 25% deduction for training and innovation expenses, along with administrative benefits to simplify interactions with government agencies.
