Special Economic Zones
The Special Economic Zones (SEZs) project emerges as an initiative of the Mexican Federal Executive and is part of the strategy to detonate territorial development through dynamic economic poles that boost productivity at regional level and reduce asymmetries among Mexican states, especially between the regions of the north and south of the country.
Accelerating the economic growth of Mexico
The National Bank for Public Works and Services (BANOBRAS) together with the Ministry of Finance and Public Credit (SHCP) have commissioned the IDOM-led Consortium, which includes ADHOC and EVERCORE to develop the first four Special Economic Zones in Mexico: Lázaro Cárdenas (Michoacan State), Puerto Chiapas (Chiapas State), Salina Cruz (Oaxaca State) and Coatzacoalcos (Veracruz State) totalling almost 2,250 hectares. Subsequently, another six were developed in the states of Tabasco, Campeche, Puebla, Yucatan and Hidalgo that cover more than 1,000 hectares.
The challenge involves the elaboration and implementation of a Development Program and Master Plan for each SEZ, which will serve for integral planning with a long-term vision, identifying the potential sectors according to the industrial vocations of each region, anchor investors and needs.
The aim is to capitalize on the potential of local economies in their productive vocations (automotive, agriculture, etc.) to attract investment and generate social benefits such as the creation of more than 139,000 direct and indirect jobs, the development of value chains that detonate the demand for local services and the improvement of the quality of life of the population bordering these areas.
For each SEZ, the specific infrastructure requirements have been identified, both to enable the development of polygons and boost the development of the environment, in terms of road, rail, port, airport infrastructure, as well as new housing and urban amenities.