Technology giant Microsoft unveils investment plan in Mexico

English| 20-02-20 |15:01|Reuters | Actualizada |20-02-20 |15:13|

Redacción El Universal

Microsoft Chief Executive Satya Nadella

said the technology giant will invest USD $1.1 billion in Mexico over the next five years, according to a promotional video released by the Mexican government on Thursday.

Nadella said the investment is “focused on expanding access to digital technology for people and organizations across the country.”

will build a new data center to deliver “client services to help every organization to really get an advantage and drive digital transformation ,” added Nadella, who met with Mexican President Andrés Manuel López Obrador last year.

The U.S. company will also invest in training labs and skills programs , Nadella said.

Every organization in Mexico has an unprecedented opportunity to use digital technology to innovate and grow, and today we’re announcing a $1.1 billion investment to expand access to technology across the country. https://t.co/kEq9CR3cBe
— Satya Nadella (@satyanadella) February 20, 2020

López Obrador

, speaking during his daily morning conference, said the investment showed Mexico was an attractive investment destination , touting a strong local currency, stable inflation , and prudent debt management by the government.

The leftist president has faced criticism his government’s policies have turned off local and foreign investors, which contributed to the economy contracting 0.1 percent last year in Mexico’s first annual decline in a decade.