### “Slow Progress in Investments: Insights from BIM in Tijuana”
Despite Tijuana being recognized as one of the top five cities in Mexico for economic investment, the city’s progress in this area is moving slower than expected, according to Rodrigo Padilla Quiroz, the Director of Banco Inmobiliario Mexicano (BIM).
Padilla Quiroz noted, “We need to speed up our investment efforts significantly. We’re not keeping pace with the necessary energy and water supply demands to capitalize on the nearshoring opportunities. While we’re doing well, we often only partially seize significant opportunities. We must establish stronger dialogue with governments at various levels to fully leverage these chances.”
He highlighted that the housing and industrial sectors are the most attractive for investment in Tijuana. However, these sectors face hurdles: for housing, the primary challenges are the lack of space and the irregularity and type of the terrain. For the industrial sector, the main issues are limited water and energy supply.
“The industrial sector is in the highest demand in Tijuana, even more so than housing. Investments aren’t flowing as much because warehouses and industrial spaces are fully occupied. Ensuring sufficient energy and water supply would significantly boost Tijuana’s attractiveness for new businesses,” explained Padilla Quiroz.
While the housing sector ranks second in investment appeal following the industrial sector, it remains crucial for BIM at a national level. The most sought-after service from BIM continues to be the bridge loan, a medium-term financing option for housing developers to construct buildings, residential complexes, commercial spaces, and infrastructure.
—
### Secondary Article: Additional Insights into Tijuana’s Investment Climate
#### Boost in Tijuana’s Credit Rating amid Challenges
In other related news, Tijuana’s financial landscape witnessed a positive shift as the city improved its credit rating following the repayment of municipal debt. The city treasurer acknowledged this achievement, noting that it could attract more future investments and bolster the municipality’s economic stability.
#### Industrial Growth Potential
Recent reports suggest that Tijuana’s strategic location and economic potential remain underutilized. Analysts indicate that addressing infrastructure shortages, particularly in energy and water supply, could unlock significant growth and attract more international investments. As global supply chains reorganize, Tijuana has an advantageous position that, if supported by adequate infrastructure, could transform it into a manufacturing and industrial hub.
#### Housing Market Dynamics
On the residential front, the demand for affordable housing in Tijuana continues to rise. Developers are eager to invest, but the scarcity of suitable land complicates matters. Given the area’s geological conditions, new housing projects must often contend with irregular terrains and regulatory challenges, making careful planning and investment crucial.
#### Future Prospects
To address these challenges, continuous engagement between local government and private investors is imperative. Initiatives focused on expanding and upgrading infrastructure will play a pivotal role in ensuring Tijuana meets its potential as a prime investment destination.
These recent developments collectively reflect a city poised for growth but in need of strategic investments and infrastructure improvements to fully harness its economic capabilities.