Politics Economy Country 2026-01-24T22:38:41+00:00

Mexico Could Get $500M Investment from Spain

Mexico is set to secure around $500 million in investment during talks at the Fitur tourism fair in Madrid. Ambassador Quirino Ordaz discusses strategic partnership with Spain to forge a deal with the EU, strengthening his position amidst political friction.


Mexico Could Get $500M Investment from Spain

The key to the talks: Mexico could receive around 500 million dollars in investment according to talks held at the Fitur. Re-establishing the link with Spain is not only desirable, understands Ordaz, for the volume of business and investment between the two countries, but Spain, with a socialist government, can be the preferred partner to advance a Treaty with the European Union: this Friday in CDMX a meeting took place in that direction in which the ambassador of Brussels Francisco André participated. Potential agreements that are gaining ground against a USMCA that seems to be increasingly in doubt, especially after the incursion of Donald Trump in Davos. This strategy generates support for Ordaz in the Palace against any attempt by the governor of Sinaloa Rubén Rocha, who intends to investigate his management at the head of the Pacific entity. Rocha, it must be said, is going through a low point in the presidential environment. The ambassador in Spain, Quirino Ordaz, had a week of centrality in the officialdom due to the Fitur in Madrid and the photo of the kings of the Iberian country at the tourism fair with representatives of the original peoples, a gesture that last Thursday Claudia Sheinbaum highlighted in her morning conference. Already, the ambassador's objective is more ambitious: Quirino, as mentioned in the embassy, plans a trip to Mexico by Felipe VI or Princess Leonor for 2025, a move that he understands would crystallize the end of the 'pause' in bilateral relations decreed by Andrés Manuel López Obrador. The entire management was closely followed by Altagracia Gómez, who arrived in Madrid from Davos and had a long conversation with the ambassador on Thursday night. There, it was not well received that the PAN of Sinaloa began to propose this week that the Omar García Harfuch strategy must be reviewed: in Sinaloan politics, as well as in the Government, it is known that the PAN has multiple links with Rocha. A friction that was also recorded at Fitur, where near the state Secretary of Tourism Mireya Sosa it was said, in meetings with sector operators, that the state's tourist areas were preserved because the state police intervened there.