Carlos Slim announces 5 billion dollar investment in Mexico

Businessman Carlos Slim Helú announced that he will invest around 5 billion dollars in Mexico during 2026 through his companies in sectors such as infrastructure, oil and telecommunications.

Slim made the announcement during his annual conference at the headquarters of Grupo Financiero Inbursa. He said one of the main bets is the energy sector, where his companies maintain 32 active wells in Campo Ixachi that produce nearly 2 thousand barrels of crude oil per day.

The tycoon ruled out participating in fracking projects. He noted that Mexico needs urgent investments in transportation, electricity generation and water systems. He highlighted coordination with President Claudia Sheinbaum’s government through the National Investment Council to simplify procedures.

Slim called Moody’s downgrade of Mexico’s credit rating “irrational.” He argued that debt at 60 percent of GDP for 2026 does not represent an alarming level. He also complained that Telmex still lacks authorization to offer pay television after 25 years.

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Marcelo Ebrard announcing a major pharmaceutical investment in Hidalgo during his trip to Canada, featuring the Zapotlán plant construction.
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Ebrard announces 2 billion dollar investment in Hidalgo during Canada trip

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Economy Secretary Marcelo Ebrard ended a trade mission in Canada with the announcement of a 2 billion dollar investment by a Canadian pharmaceutical firm for Hidalgo. The project includes building an active pharmaceutical ingredients plant at the Zapotlán Economic Development Pole.

The Energy Ministry presented a Pemex petrochemical and fertilizer reactivation program involving 93 billion pesos in investments between 2026 and 2030.

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At the 89th Banking Convention inauguration, President Claudia Sheinbaum urged bankers to boost credit from 38% to 45% of GDP to drive development. Mexico's Banking Association committed to this goal by 2030. Sheinbaum also unveiled a new infrastructure investment law.

President Claudia Sheinbaum announced Thursday the leadership change at Petróleos Mexicanos. Víctor Rodríguez Padilla is leaving the post after a year and a half to return to academia.

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On the 88th anniversary of the Oil Expropriation, Pemex director Víctor Rodríguez Padilla announced a petroleum advisory commission to be headed by Cuauhtémoc Cárdenas Solórzano, if he accepts. It will analyze hydrocarbon industry trends to bolster strategic decisions. Energy Secretary Luz Elena González Escobar and President Claudia Sheinbaum highlighted progress and energy sovereignty.

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