The figure is almost a billion dollars more than the company originally planned. The post Mercado Libre announces plan to invest US $3.4B in Mexico this year appeared first on Mexico News Daily
Mercado Libre, a Latin American e-commerce giant, has announced plans to invest $3.4 billion in Mexico this year, a 38% increase over last year's investment. The investment will focus on tech products and financial services, with the company planning to hire 10,000 additional employees in logistics, financial technology, administration, and other areas. This brings the total workforce in Mexico to 35,000 and the total investment over the past five years to $35 billion. The announcement was made during a press conference with Mexico City Mayor Claudia Sheinbaum and coincides with a 19% tax on imports via courier services from non-free-trade agreement countries, which will impact Mercado Libre's competitors. The investment underscores Mexico's strong economic prospects despite U.S. trade tensions.
