Spanish investment reaches $81 million, dubbed the ‘reconquest’
Spain has overtaken Canada as the second-biggest investor in Mexico’s tourist industry for the first time in 11 years in what one industry representative dubbed the “reconquest.”
Spanish firms made direct investments totaling US $81 million last year, compared to Canada’s $77 million, according to figures compiled by the Economy Secretariat.
The last time Spain invested more than Canada was in 2005 when its capital expenditures reached $147 million.
[button link=”http://mexiconewsdaily.com/news/spain-beats-canada-in-tourism-investment/” size=”small” text_size=”gamma” newtab=”on”]Read more[/button]