Foreign Capital Boosts Industrial Real Estate Sector, Demanding New Substations and Renewable Energy Schemes
Monterrey, NL. Secretary of Economy, Betsabé Rocha Nieto, highlighted during the XXX Regional Real Estate Forum that Nuevo León is experiencing a significant moment, accumulating a foreign direct investment (FDI) project portfolio of $90 billion in four years of governance. The arrival of companies also attracts suppliers seeking industrial, commercial, and residential spaces, presenting a challenge: energy availability.
“We need to assist the federal government in implementing alternatives; there is still availability. Investments are arriving, and we are preparing. We have the Renewable Energy Agency, which promotes self-consumption schemes of up to 20 megawatts (MW),” Rocha affirmed.
Renewable Energy Schemes for Self-Consumption
Rocha explained that this model allows companies to generate electricity, connect to the grid, and secure their own supply while government support assists with project progress.
Boom in the Real Estate Sector
During her speech, Rocha emphasized that the real estate sector has seen $88.3 million in FDI investments, doubling when considering domestic investment. “The real estate sector has surged by 200%, especially in the formal sector. We value formality and invite companies that have not been able to formalize due to certain circumstances to do so,” she stated.
According to the latest statistics, there are 3,700 real estate service establishments in Nuevo León, representing 90.5% of the microenterprises in the state.
Identifying Land for New Substations
The state official explained that the state government is working with the Housing Institute and the National Chamber of the Industry for Development and Promotion of Housing (Canadevi) to identify lands for new substations, ensuring feasibility for housing development.
“We are collaborating with Eugenio Montiel, Fomerrey’s director, and representative chambers. The substation deficit is real, but there is a plan in place to address it. Housing is central to economic development; we cannot separate it from industrial growth,” Rocha assured.
Addressing the Energy Challenge
Rocha stressed that although the challenge is significant, the state is generating alternatives to provide certainty to businesses and real estate developers. “The arrival of foreign capital is a historic opportunity, and we want the spillover to translate into employment, housing, and comprehensive economic development,” she concluded.
Key Questions and Answers
- What is the current situation in Nuevo León regarding FDI investments? Nuevo León has accumulated a $90 billion FDI project portfolio in four years of governance, with significant investments in the real estate sector.
- What challenges does the booming real estate sector face? The primary challenge is ensuring adequate energy supply to meet the demand from new industrial, commercial, and residential spaces.
- How is the state addressing the energy challenge? The state is promoting renewable energy schemes for self-consumption and working on identifying lands for new substations in collaboration with relevant institutions.
- What role does the real estate sector play in Nuevo León’s economic development? The real estate sector is central to Nuevo León’s economic development, with 90.5% of microenterprises in the state being real estate service establishments.
