Odebrecht plans US$ 8.1 billion Mexico investment

By Helen Wright02 October 2013

Privately-held Brazilian conglomerate Odebrecht has agreed a deal with Mexican President Enrique Peña Nieto that will see it invest US$ 8.1 billion in Mexican energy and infrastructure projects over the next five years.

President Peña Nieto met with Odebrecht CEO Marcelo Odebrecht to secure the deal. Odebrecht plans to target investments in Mexico’s petrochemical, sanitation and hydropower sectors, as well as biomass energy and road concession projects.

US$ 1.8 billion of the planned investment has already been paid out, according to a statement from the President’s office.

President Peña Nieto took office in December last year. He has introduced a bill that could open up the state-run energy sector to more private investment.

Odebrecht has businesses in the infrastructure, real estate, oil and gas, energy and agricultural sectors. It recorded revenues of US$ 41.3 billion in 2012.

Latest News
Dawson named Link-Belt product specialist
Michael Dawson has been named marketing product specialist for lattice crawler and telescopic crawler cranes at Link-Belt Cranes.
A look ahead to ConExpo and IFPE
How the pandemic will change North America’s largest trade show
Insights into a global equipment range: Dingli
Xu Shugen, the chairman of Dingli, shares his thoughts on the latest developments in the world of MEWPs