| | |  Business News | February 2009 
Mexico Tourism Revenue Rises 3.5%
 EFE
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| | The Comprehensively Planned Pacific Coast Center in the municipality of Escuinapa will require a total investment of $7 billion over the next 16 years. | |
Mexico City Mexico earned $13.2 billion from tourism in 2008, 3.5 percent more than in 2007, President Felipe Calderon said in the western state of Sinaloa during the inauguration of the country's biggest new tourist project in the last 25 years.
The Mexican leader, who said that the country attracted 22.6 million foreign tourists last year, 6 percent more than in 2007, noted that private investment in the sector in 2008 rose to $4.6 billion, 34 percent more than during the previous year.
Calderon launched the work on the Comprehensively Planned Pacific Coast Center in the municipality of Escuinapa.
The project will require a total investment of $7 billion over the next 16 years.
The president said that it will be the most important focus of tourist development built in the last 25 years, in which the government initially will invest about $500 million in infrastructure to link it with the entire country.
Calderon recalled that the tourist center will have double the land area of the Caribbean resort city of Cancun and will be on a par with the world's premier vacation spots, with a capacity to receive some 3 million visitors and to take in earnings of some $3 billion annually.
The president expressed his confidence in that Mexico will overcome its current problems caused by the global economic crisis and said that during the time frame for the project there will be many economic ups and downs, but the important thing will be to stay on course over the long term.
The world economic crisis, like all crises the world or our country has experienced, are due to effects that by their very nature are temporary, the president said. |
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