The El-Mann family company E-Group will provide 25 billion pesos in investment funding for the T-MEC Park project near Santa Lucia Airport in the State of Mexico, according to an announcement from Mexico’s president. Max El-Mann Arazi, co-founder of the group, has more than 40 years real estate experience.
The T-MEC Park complex includes industrial, logistical, commercial and railway components and is expected to generate more than 65,000 jobs. Mexican President Andrés Manuel López Obrador was joined by Secretary of the Treasury Arturo Herrera in announcing the investment. They also announced 28 other projects that will be part of a second private investment initiative to aid in recovery of the country’s economy.
— Max El-Mann Arazi (@MaxEl_MannArazi) May 29, 2020
The State of Mexico is well-located, has a significant network of roads as well as rail and airport infrastructure and is one of the most important economies in the nation, giving the new project a competitive advantage and making it a good addition to the group’s portfolio, according to Max El-Mann Arazi. The state is the most populous in Mexico and has the country’s largest consumer market.
Max El-Mann Arazi has focused E-Group on industrial real estate and has also invested in office, retail and residential projects.