Yucatan's Governor conducts a meeting with Japan's Ambassador to Mexico, Kozo Honsei
In a recent meeting, Governor Joaquin Diaz Mena of Yucatan presented his administration's strategy to position the state as a key investment destination in Mexico and Latin America. The strategy, named the Mayan Renaissance, focuses on safety, quality of life, strong infrastructure development, and real estate investment potential.
The meeting, held to strengthen bilateral cooperation, saw the participation of Takaaki Kuga, president of the Japan Chamber of Commerce in Mexico, and the Japanese Ambassador to Mexico, Kozo Honsei. Kuga expressed a desire to establish a constructive dialogue with Governor Diaz Mena and emphasized the meeting as an excellent opportunity to inform the organization's members about projects in Yucatan.
The Mayan Renaissance strategy includes regional development projects such as modernizing the Deepwater Port in Progreso, extending the Mayan Train from Uman to Progreso, and building a Metropolitan Ring Road and Wellness Hubs. Governor Diaz Mena also mentioned the push his administration is providing to ensure more young people access higher technological education through new universities being built in the state, such as Rosario Castellanos University in Kanasin and the University of the Sea in Progreso.
Takaaki Kuga, president of Toyota Motor de México, stated that they are ready to exchange ideas about Yucatan's opportunities. The Japan Chamber of Commerce in Mexico, with 542 members, represents various Japanese industries and companies and has a presence in different states of Mexico, organized into 16 committees.
The exchange and strengthening of ties between the Yucatan state government and Japan began last May during a visit by various diplomats, including the Mexican Secretary of Foreign Affairs, Juan Ramón de la Fuente. This meeting with Governor Diaz Mena and his delegation is a testament to the continued interest and collaboration between the two parties.
Mérida, the capital city, is a prime example of a secure, stable, and attractive urban environment that draws both domestic and international investors, particularly from the U.S. and Canada. The city offers a balanced lifestyle with vibrant yet calm nightlife, safe public spaces, and a culturally rich environment, which not only attracts residents but also quality tenants for rental properties, enhancing investment returns.
The strategy also emphasizes enhancing connectivity and infrastructure. Though not detailed specifically for Yucatán, broader Mexican governmental investments focus heavily on improving national infrastructure like ports and roadways, which likely benefits Yucatán’s connectivity and logistics positioning indirectly.
Capitalizing on tourism growth and housing market demand, the region is experiencing rising housing prices driven by growing tourism and expanding infrastructure, which supports the potential for strong capital gains and steady rental income for investors. Together, these factors form a comprehensive approach designed to establish Yucatán, especially Mérida, as a strategic, safe, and attractive location for investment, positioning it competitively within Mexico and the broader Latin American market.
In a separate development, Mexican actor Diego Luna delivered a strong message defending immigrants and highlighting their contribution to the U.S. economy, a fact not related to the previous context. Unfortunately, there were reports of several women being assaulted and sexually abused on Caracol beach in Paraiso, Tabasco, and three Mexican banks were identified by the U.S. Department of the Treasury as key facilitators in money laundering, both facts also unrelated to the main topic.
- Takaaki Kuga, president of Toyota Motor de México, expressed his readiness to exchange ideas about Yucatan's opportunities, given the potential they see in the state's business environment.
- The Japan Chamber of Commerce in Mexico, with its diverse membership representing various Japanese industries and companies, seeks to establish a constructive dialogue about the projects in Yucatan, particularly those related to the Mayan Renaissance strategy.
- The Mayan Renaissance strategy, with its focus on investment in education-and-self-development through new universities, as well as its emphasis on finance and infrastructure development, aims to position Yucatan as a competitive destination for both domestic and international investment, particularly in the real estate and tourism sectors. This strategy intertwines with policy-and-legislation initiatives in Mexico and Latin America, contributing to the region's economic growth and job creation.
