International capital and execution gap: The landscape of private investment in Mexico during 2026
Mexico continues to position itself as a key destination for capital from multinationals such as General Motors, The Coca-Cola Company, and Flex, which have committed large-scale projects to expand their productive and logistical capacity in the country. However, the gap between investment announcements and their conversion into actual flows exposes the challenges of regulatory uncertainty and execution times faced by the national market.
Main corporate commitments and key sectors
According to the Mexico Investment Monitor report, prepared by Deloitte Econosignal, during the first half of 2026, 73 investment announcements totaling 36,353 million dollars (mdd) were recorded, a figure 20.7% lower than that recorded in the same period of 2025.
Among the most notable disbursements are:
- Mexico Infrastructure Partners (MIP) Real Assets: Led commitments with 12,000 mdd directed towards energy projects.
- The Coca-Cola Company: Announced an investment plan of 6,000 mdd to strengthen its infrastructure in the country.
- General Motors (GM) and Flex: Committed 1,000 mdd each, boosting the automotive and electronic components sectors, respectively.
Together, the sectors of energy (50.0%), food, beverages, and tobacco (23.0%), and transport and automotive (7.0%) represented 88% of the total announced capital. Geographically, Nuevo León, Jalisco, and Tamaulipas consolidated as the priority receiving entities.
Source of capital and T-MEC's impact on effective FDI
The United States remained the main originator of projects with 21 announcements, followed by Japan with five. However, the Foreign Direct Investment (FDI) captured in the first half stood at 34,900 mdd (a year-on-year decline of 7.9%), registering a 23% decrease in new investments.
According to Deloitte, the determining factor that continues to delay definitive decision-making is the uncertainty associated with the annual review of the Treaty between Mexico, the United States, and Canada (T-MEC). While Mexico climbed from 25th to 19th in Kearney's FDI Confidence Index 2026, the historical overview (2023-2026) shows that only 11.3% of the 286,300 mdd in announced projects is currently operational, while 42.0% is still under construction and 46.6% remains in the announcement stage.
For next+, Deloitte's data confirms that Mexico's structural attractiveness within North America's supply chains remains intact, but it faces a "conversion bottleneck." The fact that global firms such as Coca-Cola, GM, and Flex maintain multimillion-dollar commitments demonstrates the robustness of the nearshoring thesis. However, the stagnation of more than 46% of projects in the announcement phase evidences that companies are pausing the final injection of capital while awaiting clear definitions regarding the rules of the game in T-MEC. For senior management, the relevant indicator is not the volume of announcements, but the country's ability to resolve energy infrastructure and legal certainty that converts letters of intent into operational plants.