Since the beginning of the current government, around 560 companies have shown interest in investing in Paraguay, representing a 40% increase compared to the same period last year. The Deputy Minister of the Investment and Export Network (Rediex), Rodrigo Maluff, stated that in 2024, the number of companies interested in Paraguay doubled, indicating that the Executive's economic diplomacy yielded significant results [0f464566].
Paraguay aims to attract investments between 100 and 200 million dollars, focusing on large-scale industries. The Taiwanese company, Master Bus, plans to set up an electric bus factory in Paraguay, creating 2,600 jobs. Paraguay aims to become a regional hub for electric trucks and buses, using Paraguayan energy and generating added value. Paraguay is also interested in investing in solar, hydro, and wind energy, with more than 8,500 megawatts of investment [0f464566].
The forestry sector in Paraguay occupies 204,000 hectares, generating annual export revenues of USD 107 million and 5,000 jobs. A 100-million-dollar fund for the forestry sector is being launched by AFD and the World Bank. The goal is to reach 2 million hectares of cultivated forests in Paraguay, making it a biomass producer like Sweden [0f464566].
Private companies have announced plans for over US $45 billion in investment in Mexico in the first six months of 2024. The investment is mainly from foreign companies, with the United States, Germany, and Argentina being the top investors. The manufacturing sector is the largest recipient of investment, followed by commerce, transport, mass media, construction, and energy. Querétaro is set to receive the largest amount of investment, followed by México state, Nuevo León, Puebla, and Coahuila. The investment is expected to create 62,940 new jobs, with the automotive sector being the top job creator. The largest investment announcements were made by FEMSA, Amazon Web Services, and DHL Supply Chain. Incoming economy minister Marcelo Ebrard stated that the investment climate in Mexico is very good and optimistic [f753fc97].