According to the Mexican Institute for Competitiveness's (IMCO) 2022 Urban Competitiveness Index, Monterrey Nuevo León, in the country's north, ranks as the most competitive city in Mexico with a population of over a million people.

Based on 69 parameters analyzing levels of inclusion, the political system, economy, education, law, governance, manufacturing capabilities, and international relations, the study rated 66 cities in Mexico.

The city of Monterrey moved to the top of the list because of its diverse economy, according to IMCO, which also highlighted the city's easy access to business credit in the financial sector and a strong real estate market.

According to data from the real estate agency Solili, Monterrey and Mexico City lead the country in industrial real estate demand; just in November, 132,000 square meters of new industrial space were built in Monterrey.

Monterrey is Mexico's capital and second largest city, and a thriving manufacturing center in northern Mexico. The city is 140 miles southwest of Laredo, Texas, in the northeastern part of the country.

The industrialization of Monterrey has attracted hundreds of manufacturers from all over the world. Monterrey became the center of steel manufacturing in Mexico, and the Mexican steel industry set the stage for infrastructure and now supports strong manufacturing activity in many other major industries.

All this makes Monterrey one of the most important manufacturing cities in Mexico today. It has different foreign companies and manufacturers in the aerospace, automotive, electronics, textiles, medical devices and packaging industries.

When considering nearshore manufacturing, your expansion and site selection teams can benefit from collaborating with a Mexican shelter company such as Co-Production International. CPI has the know-how and contacts to assist you in making the best decisions for your Mexico manufacturing expansion project.

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