Aguascalientes Opina – December 30, 2024

Aguascalientes: An Oasis of Investment vs. 2025

By Aníbal Salazar

As 2024 comes to a close, Aguascalientes has emerged as one of the jewels of investment in Mexico. With an inflow of $326 million in foreign direct investment (FDI) during the third quarter, the state reaffirms its position among the top three recipients of foreign capital in the country. This inflow, originating from countries like Germany, Japan, the United States, and the United Kingdom, reflects a dynamism that many describe as an “investment oasis.” However, is this boom sustainable?

Governor Teresa Jiménez has repeatedly highlighted the creation of job opportunities and professional growth as the great benefits of this economic boom. Even so, after deeper analysis, questions arise about the long-term challenges. In 2025, it is crucial to remain vigilant and focus significant efforts on attracting foreign investment to Aguascalientes as a reference point for development in the central region of the country.

The structure of investment in the state is concentrated in the manufacturing industry, particularly in the production of transportation equipment and auto parts, as well as sectors like energy supply and technical services. It is a hybrid model that combines productive efficiency and export platforms, similar to the case of Nissan, whose 67% of production in Mexico is destined for foreign markets. However, this reliance on specific industries could also be a vulnerability.

The Threat of the International Context

The outlook for 2025 presents significant uncertainties, especially with the impending administration of Donald Trump in the United States. While trade agreements like the USMCA have so far been a pillar for attracting investments, the potential renegotiation of these agreements could drastically alter the flow of capital to Mexico. Aguascalientes, heavily reliant on exports and foreign capital, could face risks if the rules of the game change.

The case of the United States is not minor. Mexican companies like Liverpool, Cemex, FEMSA, and Arca Continental have made strategic investments in that country during 2024, strengthening their presence despite political tensions. These acquisitions highlight a dual trend: while foreign capital seeks opportunities in Mexico, Mexican companies look north as a growth platform.

Where is Aguascalientes Headed?

The state has managed to attract more than $2.135 billion in FDI during the current administration, consolidating itself as a key player on the national economic map. However, the dependence on specific industrial sectors raises the question: how diversified is Aguascalientes’ economy to withstand external changes?

Moreover, in a world where political and trade decisions carry significant weight, the sustainability of this oasis depends not only on maintaining current international treaties but also on adapting to new economic trends.

A Final Reflection

As Aguascalientes celebrates a record-breaking year, the question about its future echoes strongly. Can this state continue to be a magnet for investment in such a changing environment? The answer will depend on its ability to adapt, innovate, and diversify its economy. For now, the numbers are favorable, but the real challenge lies in turning this moment of growth into a sustainable model from the privileged geographic stronghold of its region.

Time will tell… and so will your opinion.

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*This is a translation of its original version published in Spanish on: Quiero Tv, Ciudad de Aguascalientes Magacín, and A Opinión Magacín.