Tijuana is located in the Baja California region of Mexico. It is a bustling and intense city with a very bright future. It is one of the most attractive destinations in all of North America for investors.
One of the Largest Urban Centers in Mexico
Tijuana is the sixth-largest city in Mexico. It has over two million residents. This population means that the services sector is very well established. Thus ease of doing business and finding recruits on payroll will not be an issue for manufacturers that want to shift operation here.
Attracts Local Middle Class and Skilled Labor
Tijuana is fast becoming the manufacturing capital of North America. Excellent facilities and opportunities attract a lot of people. Official figures put it at nearly eighty thousand new residents each year.
The mobilization and displacement of people to Tijuana is not a stroke of luck. It is the efforts of the government and foreign investors that have made Tijuana a hot property.
The newcomers are mostly skilled labour or middle class that wants to progress. Tijuana will become the second-largest city in Mexico in the next decade.
The abundance of Foreign Investors
Tijuana is one of the largest manufacturers of medical equipment. Tijuana has excellent contributions in the fight Against COVID 19.
Apart from medical equipment, electronics, automobile parts, and aerospace technology are also manufactured in Tijuana.
Tijuana is the hottest property for foreign investors. It is evident from the fact there are more than six hundred foreign investments in different sectors under the Maquiladora program. TACNA has helped many such newcomers gain feet in the competitive market.
Availability of Labor
Like the rest of Mexico, finding skilled labour in Tijuana is an effortless task. They are preset aplenty. The cost average is the same as the rest of Mexico, from $2 to $5.
This way, you can save millions annually if your organization is larger. The cost-effectiveness is the greatest that Tijuana can offer.
Easy Accessibility to the United States
Manufactures look for manufacturing sites near the most important markets. As most ambitious companies want to make it to the United States’ domestic market, Tijuana is the best location one can ask for.
It has a border with the United States that is minutes away from the urban centre. The border is very well-managed and peaceful. Nearly seventy thousand vehicles pass through it daily. A lot of these vehicles are goods that are transported from Mexico to the United States.
Sea Ports
The Port of Ensenada is located in Baja California near Tijuana. It is a port with the highest commercial activity in the Pacific Ocean.
Conclusion | Why is Tijuana the Hottest Property in Mexico?
The port caters to the needs of the manufacturers of Tijuana. It helps them transport goods to markets other than the United States. This way, they can increase revenue and production. It also helps in diversifying the portfolio of their clients. Through this port, investors can trade with Asia, Russia, Europe, and the Caribbean.