Slim invest 44.650 million pesos in Mexico
The projects for 2011 will focus primarily on telecommunications, said the businessman, about the insecurity, said that "he who does not invest because of fear and caution will be back."
Carlos Slim Helu, said the investment will favor suppliers 42.200. (Photo: Fotoarte)
Carlos Slim, the world's richest man By: Jesus Ugarte
MEXICO CITY (FORTUNE) - The company that controls the Slim family in Mexico will invest 44.650 billion pesos (equivalent to 3.660 billion dollars) in 2011, representing an increase of about 14% compared to 2010.
Carlos Slim Helu explained Monday that the total of such investments will be allocated 3.000 million to Ideal , 10.000 million Frisco , 10.000 million to Telmex , 10.000 million to America Movil , and other companies such as Grupo Carso and Carso property.
The entrepreneur told a press conference that the investments will favor suppliers 42.200, most of them national.
Asked about the effect of the climate of insecurity in Mexico on investment, Slim said, "Whoever does not invest because of fear and caution will be back."
He stressed that Mexico has public finances healthy and market expectations are interesting.
"I am optimistic that 2012 and 2013 continue to grow. We see many problems in the world, things are happening everywhere, as is the case in Europe , where large fiscal deficits and unemployment , "he said.
8.000 million dollars in total investment
America Movil , who chairs Patrick Slim Domit , announced last year that exercise investment capital of about 8.000 million dollars (mdd) in their operations inside and outside of Mexico for 2011 , representing an increase of just over 30% compared to those for 2010 and initially referred.
The largest telecommunications consortium in Latin America expects to achieve an average increase of between 6 and 8% in total revenues for the period 2011-2014, which will be supported among other things, an expansion of over 30% in customer base.
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