The state of Durango is consolidating its position as a strategic hub for economic development following the announcement of an automotive assembly plant with an estimated investment of one billion dollars and the promotion of alliances with Chinese capital, reported Arturo Ortiz Galán, head of the state’s Foreign Investment Attraction Unit.
The announcement is projected to have a positive impact on employment, manufacturing, and attracting foreign direct investment. According to the official, in an interview with Milenio, the state government received approval for the installation of a vehicle assembly plant in the capital city as part of the Economic Development Hubs for Well-being (PRODECUBI) program.
The project entails a total investment of one billion dollars, distributed in two phases: the first phase of 300 million dollars and the second of 700 million dollars. This will generate approximately 3,000 direct jobs and 9,000 indirect jobs, Ortiz Galán told Milenio.
The plant will be located in the Durango Logistics and Industrial Center (CLID), near the state’s international airport, he explained. The project is already progressing through the permitting and negotiation process, although the company’s name is being kept confidential for political reasons until a later date, the official explained to Milenio.
The head of the Foreign Investment Attraction Unit emphasized that the project will not only strengthen the regional automotive industry but will also boost the supply chain up to 250 km in radius, attracting industries related to auto parts, manufacturing, and automotive assembly.
On another note, Arturo Ortiz Galán informed the EnBoga website that the Esteban Villegas administration has intensified discussions with representatives of Chinese companies and the Ambassador of the People’s Republic of China to Mexico, Chen Daojiang, to explore new investment opportunities in Durango.
He noted that the meeting with the Chinese diplomat took place within the context of strengthening economic, political, and commercial relations, highlighting Durango as a competitive destination for new production projects.
The main objective is to attract foreign direct investment from Chinese companies interested in the industrial, logistics, and manufacturing sectors. Likewise, to position the state as a reliable and favorable center for foreign investment.
Ortiz Galán said that thanks to Durango’s strategic location, infrastructure, and productive potential, the state is positioned as a key point on the global investment map, especially in technology and advanced manufacturing industries.
The arrival of an automotive assembly plant and the influx of foreign capital solidify Durango as a competitive industrial hub in northern Mexico, an attractive destination for major manufacturing investments, and a significant generator of employment and opportunities for the local population.
Source: radioformula
