This is why Mexico City has grown into a business hub in America
April 3, 2024
Jean G. Fowler
Latest Modification Date: 4/3/24
Slowly, over the past years, Mexico City has shaken off its reputation of smog and insecurity, and grown into a new skin as one of the most important business hubs in Latin America. Surely, it still has problems with major traffic, but nowadays, it's considered a crucial destination that annually attracts more than half a million business travelers to conventions, meetings and, trade shows.
In November 2023, Time Out magazine named Mexico City the #1 city in the world for culture, a testament to its remarkable transformation, especially when considering that just two decades before, CDMX, as it is commonly referred to, wasn't a preferred destination for international tourists.
What has changed? Well, a lot. Urban renewal has been led by both local government officials and entrepreneurs from the private sector. Municipal efforts, such as improved infrastructure, increased security measures, security cameras, repaired payments, new playgrounds, more police presence, and beautification projects in public spaces such as parks and streets, have contributed to its liveability. The New York Times even recommended Mexico City as its top destination in 2016.
When it comes to business dealings in Mexico City, it often extends beyond the office, frequently taking place in the city's luxurious hotels known for their unique style and elegance. High-end restaurants with renowned chefs also serve as a setting for work meetings.
With a population that continues to grow and a thriving business landscape, Mexico City stands out as a global innovation hub, particularly in the rapidly expanding technology sector. Despite recent challenges in the tech stock market, the city's start-ups remain resilient, identifying Mexico City as a symbol of potential and expansion.
Also, over the past decade, the technology sector in Mexico has developed into a global innovation hub, attracting more international companies and firms.
As for digital nomads, there’s plenty of options as well for those who are not familiar with the luxury and formal business sector. Walking through the streets of Condesa, Roma or, Polanco, three of the most popular digital nomad areas at CDMX, you will find many foreigners working at a coffee shop or restaurant with their laptops.
According to Statista, in 2022, Mexico ranked sixth among the 11 countries receiving international tourists, with 38.33 million arrivals, trailing behind Italy, Turkey, the United States, Spain, and France.
The country with the highest number of global nomads is the United States, with around 15 million, and in Latin America, Mexico is the leader, closely followed by Brazil. After the pandemic, there was a surge in digital nomads who can work remotely.
There are no official records, but estimates point out that there may be more than 90,000 foreigners residing in Mexico under the concept of digital nomads.
More than a business hub
Mexico is not only popular for its business centers. When tourists and locals aren’t focusing on their jobs, they are visiting museums, traveling to nearby towns for the weekend, enjoying beaches, discovering Mexico’s magnificent food scene, bar hopping, taking organized tours and other activities.
Beyond its role as a business center, the city, with its population exceeding 22 million, CDMX has a rich cultural heritage and diverse industries, including food, tobacco, construction, and financial services.
The city's museum scene, in particular, receives high praise, making it a standout feature for both residents and visitors with over 185 museums for every taste: from a chocolate exposition to Frida Kahlo’s house, art and design museums, anthropology museums, and much more.
Today, Mexico City is widely recognized as a top destination for business travelers either looking to work remotely or enjoy some cultural experiences while attending meetings or conferences; if you are looking for new experiences or need help settling down in CDMX, don’t hesitate to contact us at Xpats for more information!
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This is why Mexico City has grown into a business hub in America
April 3, 2024
Jean G. Fowler
This is why Mexico City has grown into a business hub in America
April 3, 2024
Jean G. Fowler
Slowly, over the past years, Mexico City has shaken off its reputation of smog and insecurity, and grown into a new skin as one of the most important business hubs in Latin America. Surely, it still has problems with major traffic, but nowadays, it's considered a crucial destination that annually attracts more than half a million business travelers to conventions, meetings and, trade shows.
In November 2023, Time Out magazine named Mexico City the #1 city in the world for culture, a testament to its remarkable transformation, especially when considering that just two decades before, CDMX, as it is commonly referred to, wasn't a preferred destination for international tourists.
What has changed? Well, a lot. Urban renewal has been led by both local government officials and entrepreneurs from the private sector. Municipal efforts, such as improved infrastructure, increased security measures, security cameras, repaired payments, new playgrounds, more police presence, and beautification projects in public spaces such as parks and streets, have contributed to its liveability. The New York Times even recommended Mexico City as its top destination in 2016.
When it comes to business dealings in Mexico City, it often extends beyond the office, frequently taking place in the city's luxurious hotels known for their unique style and elegance. High-end restaurants with renowned chefs also serve as a setting for work meetings.
With a population that continues to grow and a thriving business landscape, Mexico City stands out as a global innovation hub, particularly in the rapidly expanding technology sector. Despite recent challenges in the tech stock market, the city's start-ups remain resilient, identifying Mexico City as a symbol of potential and expansion.
Also, over the past decade, the technology sector in Mexico has developed into a global innovation hub, attracting more international companies and firms.
As for digital nomads, there’s plenty of options as well for those who are not familiar with the luxury and formal business sector. Walking through the streets of Condesa, Roma or, Polanco, three of the most popular digital nomad areas at CDMX, you will find many foreigners working at a coffee shop or restaurant with their laptops.
Latest Modification Date: 4/3/24
According to Statista, in 2022, Mexico ranked sixth among the 11 countries receiving international tourists, with 38.33 million arrivals, trailing behind Italy, Turkey, the United States, Spain, and France.
The country with the highest number of global nomads is the United States, with around 15 million, and in Latin America, Mexico is the leader, closely followed by Brazil. After the pandemic, there was a surge in digital nomads who can work remotely.
There are no official records, but estimates point out that there may be more than 90,000 foreigners residing in Mexico under the concept of digital nomads.
More than a business hub
Mexico is not only popular for its business centers. When tourists and locals aren’t focusing on their jobs, they are visiting museums, traveling to nearby towns for the weekend, enjoying beaches, discovering Mexico’s magnificent food scene, bar hopping, taking organized tours and other activities.
Beyond its role as a business center, the city, with its population exceeding 22 million, CDMX has a rich cultural heritage and diverse industries, including food, tobacco, construction, and financial services.
The city's museum scene, in particular, receives high praise, making it a standout feature for both residents and visitors with over 185 museums for every taste: from a chocolate exposition to Frida Kahlo’s house, art and design museums, anthropology museums, and much more.
Today, Mexico City is widely recognized as a top destination for business travelers either looking to work remotely or enjoy some cultural experiences while attending meetings or conferences; if you are looking for new experiences or need help settling down in CDMX, don’t hesitate to contact us at Xpats for more information!
