Arab investors are looking to sectors like Energy and Tourism. According to a report in Forbes Mexico, private funds and sovereign capital of United Arab Emirates (UAE), Qatar, Kuwait and Saudi Arabia are interested in the country.
Upcoming tenders to explore in Mexico´s deepwater areas will be held very soon (Dec. 5). There are beginning to emerge some rumours about the companies concerned and possible alliances.
Pemex is planning to open service stations with its image in other countries. It has the aim of diversifying its markets and start having new revenue resources. Pemex is seeking alternatives to face its difficult financial situation to remain economically viable.
During the first half of the year, the Mexican state received MXN$314B in revenues from tax collection to the oil industry, according to the Ministry of Finance and Public Credit (SHCP). This figure represented only 13.5% of state spending, something that had never been seen in Mexico.
The Mexico´s economy contracted in the second quarter of 2016. It is the first drop in the last three years. According to CNN Español, the Gross Domestic Product (GDP) contracted 0.2% compared to previous period. This contraction was the first since 2Q13.