BY STAFF REPORT
The Mexican state of Querétaro saw a record 120 percent rise in foreign direct investment (FDI) in the first eight months of 2012, according to a report from the intelligence unit of British business daily, Financial Times.
Capital spending and employment growth also improved considerably during this period, making the state one of the key engines of the Mexican economy, the report added. In addition, the number of foreign investment projects doubled to 11 from five in the first half of 2011.
Aguascalientes, a state in North-Central Mexico, also experienced significant growth in foreign investment projects, according to the report.
Mexico is not the only country that saw significant improvement in FDI, Caribbean countries like Cayman Islands, Guyana and Trinidad and Tobago recorded nearly 300 percent growth in foreign investment.
While FDI grew 200 percent in Bermuda, LATAM countries including Bolivia, Nicaragua and Paraguay recorded 50 percent growth in foreign direct investment during the first half of 2012.