Mexico approves new SEZs
MEXICO CITY, March 15, 2018 – The creation of two special economic zones (SEZs) in Campeche and Tabasco was approved by Mexico’s Intersecretarial Commission of SEZs on Wednesday.
The two areas will help expand oil and gas services and capabilities in those regions, and contribute to the development of other sectors. With an estimated investment of USD 1.46 billion over the next 30 years, the Tabasco SEZ will create an estimated 20,000 jobs, while Campeche will see 51,000 jobs created through an investment of USD 3.675 billion in 20 years.
“The special economic zones of Tabasco and Campeche will take advantage of the benefits of the energy reform and the investments that are derived in the hydrocarbons and energy sectors,” the commission said in a statement.
Following a presidential decree to officially establish the two SEZs, Mexico will have seven such areas.