Monterrey

Monterrey

Monterrey at a Glance

The State of Nuevo León and its capital, Monterrey, are located in Mexico’s northeastern corner, bordering the United States of America.  With more than 4 million people, it accounts for 4% of Mexico’s total population, 7.3% of the country’s total GDP — US$61.5 billion (2006), 11% of Mexico's total manufacturing output, and is widely recognized for its entrepreneurial culture, elite pool of managerial talent and business oriented attitude.

Just two hours south of the Texas border and with direct flights to major Mexican cities, the U.S. and the rest of the world, Monterrey is considered the most important financial, educational and industrial center in the country.  Iti is also a main crossroads for the commercial exchange between Mexico and the United States.

In 2006, América Economía magazine rated Monterrey the best city in Mexico for doing business, and the third best in Latin America.
 
The city is home to 30 universities with world-class academic programs.  Among them, two of the most important in Mexico and Latin America: Tecnológico de Monterrey and Universidad Autónoma de Nuevo León (UANL).

The “Monterrey-International City of Knowledge” is a joint government, industry and academia program with the purpose of triggering an economy in which knowledge is created, transmitted, acquired and employed with great effectiveness.

Foreign Direct Investment (FDI)

From January 1999 to December 2006, US$15.4 billion of new investment entered the state of Nuevo León (almost 10% of total FDI in Mexico).  Of this investment, most went to the manufacturing sector (65.2%), followed by services (25.6%), trade (5.3%) and other sectors (3.9%).

Key Sectors

With more than 1,800 foreign companies, Nuevo León is the production leader in many important sectors of the Mexican economy like steel, food processing, beverage, electronics, household appliances, auto parts, construction materials, glass and packaging; and emerging sectors such as software, specialized medical services, aerospace and biotechnology.

Major Corporations

Nuevo León is host to many international and global companies, such as: American Standard, American Express, BCG, Bridgestone, British American Tobacco, Carrier, Caterpillar, Cemex, Danfos, Delloite, GE, HEB, Hershey, Hill-Rom, The Home Depot, Home Interiors, Infosys, John Deere, Korn Ferry, KPMG, Kraft, LG, Lenovo, Lowes, Manpower, Mars, Mary Kay, Navistar International, Pepsico, PricewaterhouseCoopers, Tempel Steel and Whirlpool.