Nearshoring will attract Dutch investment to Queretaro
QUERETARO, QRO – As a result of nearshoring, 20 Dutch companies have chosen to exit China and invest in Queretaro, as disclosed by Steven Büter, the General Manager of the Business Office of the Embassy of the Netherlands in Mexico.
These companies intend to establish factories, plants, and production lines, and leverage the manufacturing prowess of the Bajío region. Büter emphasized that numerous firms with Dutch capital are exploring options to relocate from Asia to Mexico and other nations.
During the launch of the third version of GreenTech Americas, Büter mentioned the interest of foreign firms in Mexico, which is largely driven by the nearshoring due to the proximity to the United States (U.S.).
The relocation will offer benefits such as compliance with the new regulations of the Mexico-US-Canada Treaty (TMEC). Moreover, companies will be able to curtail the high expenses associated with transporting goods to the U.S. and will no longer rely on the maritime industry.
The trend of Nearshoring is fueling the demand for space in Querétaro. Currently, there are over 75 Dutch companies that have invested in Querétaro, and it is expected that the number will rise due to Nearshoring.
The 20 firms that have shown an interest in investing and relocating to the Bajío region are from various sectors, such as manufacturing, retail, agribusiness, and services. Additionally, the embassy manager stated that there is a possibility of opening corporate offices in Mexico City for corporate functions.
A Forbes study revealed that Heineken, Shell, and Unilever are the Dutch companies with the highest investments in Mexico. These firms have invested more than USD 20 billion in the country between 1999 and 4Q2022, according to the Ministry of Economy (SE).