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Home Depot to invest 1.3 billion dollars in Mexico

Mexico City, Feb 27 (Prensa Latina) The American company The Home Depot will invest 1.3 billion dollars in Mexico in the next few years, the company's general manager in this country, José Antonio Rodríguez, announced today.

“We generate more than 18 thousand direct jobs in Mexico. With this investment, we will exceed 20 thousand and we estimate that for each job we generate, four additional jobs are generated in the economy” of this territory, the executive explained in a press conference.

The news is not only historic for us at Home Depot, but it also reflects the confidence and commitment we have in the nation, said Rodríguez, also highlighting that 85 percent of the products offered by the company are from domestic suppliers.

He expressed his conviction that “what is made in Mexico is innovative, of quality and of value for millions of families” in this territory and abroad.

“With this investment, we will identify, develop and integrate even more local suppliers to our value chain, not only to seek supply for our operation in Mexico, but also to provide access to our stores in the United States and Canada,” she said.

For her part, the head of the Productive Development Unit of the Ministry of Economy, Ximena Escobedo, said that this investment contributes to the Mexico Plan, a development strategy with the participation of the public and private sectors that seeks to turn the country into the tenth economy in the world.

“What we will be looking for with this new investment is that by 2028 we will have 100 percent of the national supply of all Home Depot,” she said.

According to official data, foreign direct investment in Mexico reached a record figure of 36,872 million dollars in 2024, 2.3 percent higher than that reported in 2023.

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