Background on Governor Rubén Rocha Moya and His Relevance
Rubén Rocha Moya, the current governor of Sinaloa, Mexico, has been instrumental in fostering a positive investment climate within his state. Since taking office, he has focused on attracting foreign direct investment (FDI) to boost Sinaloa’s economic growth and development.
Initial Investment Target and Progress
Initially, the state set a target of attracting $2 billion in FDI over six years, as outlined in the Sinaloa 2021-2027 Development Plan. However, with half of Rocha Moya’s six-year term already passed and having successfully captured $1.637 billion (81.8% of the initial target) by December 2024, the state government decided to update and raise this goal.
Updated Investment Target
Given the positive investment expectations, the Secretariat of Economy in Sinaloa has revised and increased the FDI target from $2 billion to $3 billion.
Investment Trends and Investor Confidence
Since the beginning of Rocha Moya’s administration, Sinaloa has seen a steady flow of FDI. In the first two months (November and December 2021), $23.8 million was invested, followed by additional investments of:
- $871.8 million in 2022
- $425.4 million in 2023
- $316.1 million in 2024
These investments have accumulated to a total of $1,637.3 million by the end of December 2024.
Investor Confidence in Sinaloa’s Market
Governor Rocha Moya emphasized that investors are well-informed about where to allocate their capital after conducting thorough research on the local environment and market. He specifically highlighted Mazatlán as a prime investment destination, citing the growing number of tourists visiting the city.
Tourism Growth and Security in Mazatlán
Mazatlán, Sinaloa’s primary tourist destination, has experienced a surge in visitors, including those attending events like Carnaval, Semana Santa, and the popular Semana de la Moto. Rocha Moya assured that none of these thousands of tourists encountered security issues during their visits, whether attending events in Mazatlán or participating in Teacapán’s Fiestas de las Cabras in Escuinapa.
Key Questions and Answers
- What was the initial investment target for FDI in Sinaloa? The initial target was $2 billion over six years.
- What is the updated investment target for FDI in Sinaloa? The new target is $3 billion over the same six-year period.
- How much FDI has Sinaloa captured so far? As of December 2024, Sinaloa has attracted $1.637 billion in FDI, which is 81.8% of the original target.
- What factors contribute to investor confidence in Sinaloa? Investors conduct thorough research on the local environment and market before allocating capital. Mazatlán’s growing tourism sector, with no reported security issues for visitors, has also boosted investor confidence.
