Introduction to Sinaloa’s Private Investment Growth
Sinaloa, a state in Mexico known for its strategic location and burgeoning tourism market, has seen a significant surge in private investments. During the administration of Governor Rubén Rocha Moya, Sinaloa has attracted a staggering 114,772 million pesos in private investments. Mazatlán, one of Sinaloa’s most popular tourist destinations, plays a crucial role in this investment boom.
Mazatlán’s Dominant Role in Private Investments
According to José Ramón Manguart Sánchez, president of the Hotel Association 3 Islas in Mazatlán, the city accounts for 44% of the state’s private investments. This growth can be attributed to Mazatlán’s strategic location and the expansion of its tourism market, particularly after the opening of the Mazatlán-Durango highway and the 2018 Tianguis Turístico (Travel Fair).
- Mazatlán has become a second home for numerous families, indicating their confidence in the city’s potential.
- The city has experienced notable growth in both the tourism-hotel sector and real estate, especially in vertical developments like apartments and condominiums, which account for over 70% of investments.
- Currently, there are nine hotels under construction, with seven in Mazatlán and two more in the permitting process.
Impact of Private Investments on Mazatlán and Sinaloa
The influx of private investments has resulted in new job opportunities, primarily in the construction sector. This economic growth has positively impacted recent university graduates, providing them with employment prospects. Furthermore, international brands like RIU and Hard Rock have been drawn to Mazatlán, signaling potential for other hotel chains to invest in the region in the medium and long term.
Beyond Tourism: Industrial and Logistics Sectors Fuel Investment
Manguart Sánchez also highlighted the role of the industrial and logistics sectors in driving private investments. The Mazatlán-Durango highway has improved connectivity, strengthening logistics and optimizing the supply chain for goods distribution. Future projects, such as the proposed train and Home Port (base port), will further solidify Sinaloa’s position in logistics, industry, and tourism, creating more opportunities, jobs, economic growth, urban development, and new investments.
Call for Collaboration Among Governments and Private Sector
Manguart Sánchez emphasized the importance of unity among all levels of government and the private sector to continue building a robust investment environment. He stressed that creativity is essential to capitalize on the opportunities presented by Mazatlán’s strategic location and vertical tourism-hotel development, which reflect the confidence inspired by the destination.
Key Questions and Answers
- What is the current state of private investments in Sinaloa? Under Governor Rubén Rocha Moya’s administration, Sinaloa has attracted 114,772 million pesos in private investments.
- How does Mazatlán contribute to these investments? Mazatlán accounts for 44% of Sinaloa’s private investments, with significant growth in the tourism-hotel and real estate sectors.
- What impact have these investments had on the local economy? The influx of private investments has created new jobs, particularly in construction, and positively impacted recent graduates. International brands have also been drawn to Mazatlán, signaling potential for further investment.
- What role do industrial and logistics sectors play in driving investments? The Mazatlán-Durango highway has improved connectivity and logistics, while future projects like the train and Home Port will further boost Sinaloa’s position in logistics, industry, and tourism.
- What message does Manguart Sánchez convey regarding collaboration for continued growth? He emphasizes the need for unity among all levels of government and the private sector to maintain a robust investment environment, highlighting creativity as essential for capitalizing on opportunities in Mazatlán.
