Mexico investment tops $20bn

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Private investment for the development and maintenance of tourism projects in Mexico topped the six-year target of $20 billion for the period of January 2007 to September 2012.

The figure came to $20,129,900,000, according to the Mexico Ministry of Tourism.

The investment was intended for the development of some 1,146 projects, to increase tourist numbers and fulfill the commitments outlined in the National Agreement on Tourism.

Cumulative investment alone reached $1,820,340,000, from January to September.

Some 130.6 million international tourists visited Mexico between January 2007 and September 2012, and foreign exchange earnings from international visitors totalled $71,027,000,000, up 12% and 22% compared to the same period of the previous administration.

The number of domestic tourists totalled 133.2 million from January to September 2012, up 6% on the same period in 2011.