According to a note from “El Universal,” despite the widespread economic slowdown in Mexico, the construction sector in Yucatán is anticipating an economic growth of 3 percent by the end of this year. This significant growth is set to surpass the national average of 1 percent. The president of the National Chamber of the Construction Industry (CMIC) in Yucatán, Raúl Monforte González, emphasized the importance of this sector. He pointed out that although there was a significant drop in the last quarter, the sector continued to grow between 2 and 3 percent, showing moderate growth. Local builders in Yucatán have been actively involved in various state projects such as civil works, school maintenance, and health center renovation in municipalities. Monforte González highlighted that participating in the development of infrastructure for public transportation in Mérida is crucial for local construction companies. This allows them to generate income, maintain their workforce, and navigate the difficult economic landscape of recent months. The construction sector in Yucatán has shown resilience and is set to play a vital role in the state's economic development.
Key Insights and Benefits
Resilience in a Slowdown
Even in the face of a widespread economic slowdown, the construction sector in Yucatán has managed to maintain a positive growth trajectory. This resilience is a testament to the sector's importance and the efforts of local builders. It shows that despite external challenges, the construction industry in Yucatán has the potential to drive economic growth and create employment opportunities.The fact that the sector continued to grow between 2 and 3 percent, even with a significant drop in the last quarter, indicates its stability and adaptability. This allows local construction companies to weather economic uncertainties and continue to contribute to the state's economy.
Impact on State Projects
Local builders in Yucatán have been actively involved in various state projects, which have had a significant impact on the local economy. Civil works, school maintenance, and health center renovation have not only improved the infrastructure of municipalities but have also provided employment opportunities for the local workforce.By participating in these projects, local construction companies have been able to demonstrate their skills and expertise, while also contributing to the overall development of the state. This has helped to create a positive cycle of economic growth and development.
Importance of Public Transportation Infrastructure
Monforte González emphasized the importance of local construction companies participating in the development of infrastructure for public transportation in Mérida. This not only provides income for the companies but also helps to improve the transportation system and enhance the quality of life for residents.By investing in public transportation infrastructure, Yucatán can attract more tourists and businesses, which will further boost the local economy. It also helps to reduce traffic congestion and improve air quality, making the city a more sustainable and livable place.
