President Claudia Sheinbaum announced a US $5 billion investment in Mexico from Amazon Web Services during her daily press conference on Tuesday.
The investment, which will be distributed over the next 15 years, is aimed at developing a new digital “region” in Mexico’s Querétaro state. With it, Amazon expects to establish Mexico as a hub for digital innovation in Latin America.
Amazon Web Services (AWS) plans to train 400,000 people to manage the Querétaro infrastructure cloud region. This builds upon AWS’s commitment to developing Mexican talent, having trained 500,000 Mexicans in cloud skills since 2017.
“[The] new Amazon investment of $5 billion in Querétaro. 200,000 people will be trained and educated, it will generate an additional $10 billion for the GDP, and we will be ready for artificial intelligence. Plan México is moving ahead!” Mexico’s Economy Minister Marcelo Ebrard wrote on the social media site X.
Plan México, announced by Sheinbaum and members of the Economy Ministry (SE) on Monday, seeks to attract $277 billion in domestic and foreign investment across 2,000 projects in the next six years.
AWS said the new digital region will help customers run workloads and securely store data via Mexico’s data centers. The company first announced plans to develop data centers in Mexico last February in response to the growing demand in Latin America for cloud services.
🚀 Come & build the future with us! The new #AWS Region in #Mexico is now open.
We’re excited to give customers in Latin America more choice & flexibility to leverage the most advanced cloud technologies.
☁🏙🇲🇽 https://t.co/Xq4dXm3IXj pic.twitter.com/0kOJW0WPfZ— Amazon Web Services (@awscloud) January 14, 2025
“Our commitment is to democratizing access to advanced technologies such as artificial intelligence and cloud computing, promoting a more equitable, innovative and competitive Mexico at a global level,” AWS Vice President for Latin America Paula Bellizia said during Sheinbaum’s press conference.
Bellizia also said that the investment is expected to support the creation of “7,000 highly qualified and full-time jobs” per year.
According to Amazon, the construction and operation of the new center in Querétaro will add about $10 billion to Mexico’s gross domestic product.
“One way to accelerate the impact on the Mexican economy is the adoption of artificial intelligence and we know that it is central to the government of President Claudia Sheinbaum,” said Bellizia on Tuesday.
With reports from El Economista, La Jornada and The Wall Street Journal
“Major Investments Roll In Despite Trump” is the headline in your email.
Your bias is hanging out in plain view again. From 2017 to 2021, the in office Trump years, direct foreign investment into Mexico of which the U.S. part averages 40 percent, averaged 3 percent of Mexican GDP. By 2023 that had fallen as low as 1.7 percent. 2023 Mexican foreign direct investment was the lowest of the 8 years between Trump and Biden. Overall the average is nearly equal but when the Biden inflation is factored in, foreign direct investment in Mexico in inflation adjusted dollars went down about 10 percent.
The problem with Mexico’s anemic growth of less than 1.5 percent despite having a young and very hard working work force are the problems caused by inept and corrupt government; namely high taxes, insecurity, poor infrastructure, high energy costs, poor education and the burden of unwanted and unneeded immigration that is a direct result of the Mexican government’s policy of allowing itself to be used as a conduit for the Democrat sponsored U.S. border invasion.
Get over your Trump Derangement Syndrome. It makes you look stupid when you attach Trump’s name to an investment story touting one investment that will return maybe $340 million per year if it actually is carried out over such a long period of time. Compared to the average of $35 billion per year foreign direct investment over the last 8 years, 350 million per year is one percent: Significant but hardly earth shattering.
If Mexico and Sheinbaum continue Mexico’s open border/conduit policies that have damaged their neighbor and enriched the criminal cartels that are the biggest disincentive to investment here they are going to find out the hard way that Trump means business about the border. Fool Around and Find Out.
Well said.
The great people of Mexico and the USA are hermanos y hermanas in the fight to rid their governments of corruption. The Trump administration will not be perfect, but they are not the corrupt scum that our two proud nations have endured with the likes of the Biden crime family, the dirty cartel puppet AMLO, and now this AMLO con pechugas named Sheinbaum that darkens the hallways of Mexico’s government buildings.
Shame on the anti-democratic journalists who show leftist bias in their propagandist efforts. These propagandists are the enemies of democracy and they lack integrity.
The thing is, doesn’t this mean Amazon will be sucking up a lot of water to run their AI?
Electricity. The long-term danger of AI i will be using huge amounts of electricity
I watch nothing on X , may it go bankrupt. No rwill I ever buy a Tesla car, or any other product in which Musk is involved. He is the evil step child of Trump.
I agree with you. I sold my Tesla after Elon flipped his wig.
SO agree!
MND. Thank you for your accurate reporting
Moving forward is most often hard for many people. Others express their fear with lots of negativity. I believe México’s government and the it’s people have worked hard to move forward. The idea that the cartels, government corruption and “scum crime family’s are holding back Mexico is demeaning. There is corruption, cartels and crime family’s every where. The contributions México and it’s people have made to the USA and the rest of the world are significant!