Riyadh – A delegation from the National Bank for Services and Public Works of Mexico (BANOBRAS), the most important Development Bank in Mexico, visited Saudi Arabia to promote investment opportunities that will bring both countries closer together.
Mr. Alejandro Blasco, Head of Investor Relations and Mr. Luis Ampudia, Deputy Head of Investor Relations at BANOBRAS were accompanied by Ambassador of Mexico, HE Alfredo Miranda and met Council of Saudi Chambers Secretary General, Dr. Saud Almashari; Vice Chairman and Managing Director of the Saudi Fund for Development, Dr. Khalid S. Alkhudairy, and Head of Stakeholder Management of the Public Investment Fund, Saad A. Alkroud.
In their meetings, the Mexican Delegation shared the opportunities available in Mexico for identifying possible public-private-partnerships, financing social infrastructure projects and discussed the potential for investment opportunities in Mexico as part of PIF´s International Diversified Pool.
Mr. Blasco also presented the “Mexico Projects Hub” public website (proyectosmexico.gob.mx/en/home), which includes the most important infrastructure and energy projects promoted by the Government that require the participation of the private sector, including foreign sovereign funds. The digital platform serves as an innovative and transparent tool that offers the public free and updated information on the different projects, portfolios, and investment vehicles available.
Ambassador of Mexico declared that his county, as Saudi Arabia, is one of the top 20 economies in the world and is eager to strengthen mechanisms of collaboration in different areas taking into account that Mexico´s GDP is 1.1 trillion USD, has a population of 129 million inhabitants, an inflation rate of 4% and unemployment of 4%.
“I am sure both countries will continue to work together in order to have more Mexicans in Saudi Arabia and more Saudis in Mexico,” said Ambassador Miranda.