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A Great Investment Planned For Tourism In Mexico Will Benefit Cabo

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It was announced in Mexico City on August 21, 2013 by President Enrique Peña Nieto that private companies plan to invest $8.6 billion US dollars in tourism projects throughout the country. The investments, said Nieto would focus on the construction of new hotels, renovation of older ones, while also giving other public spaces their own much-needed face-lift. Mexico's board of tourism chief, Pablo Azcarraga, added that the $8.6 billion investment would help create 28,000 jobs directly related to the tourism industry and another 78,000 jobs to other renovation aspects linked to the infusion of the private investment. The announcement arrives at a time in this country when President Nieto is moving to boost private investment in Mexico, specifically through reforms in the energy sector and telecommunications industry, to help get the country back on economic track after a sluggish first half of the first year under his administration. It is also considered an economically-wise move to help promote a nation...

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