Microsoft will invest $1.1billion in Mexico over the next five years, Chief Executive Satya Nadella said Thursday. Nadella said the investment “focuses on expanding access to digital technology for Individuals and organizations in Mexico.” He added that Microsoft will build a new data center to provide “customer service that helps organizations truly gain an edge and drive digital transformation.” “
Mr Nadella said Microsoft would also invest in training labs and skills programs.
Mexican President Andres Manuel Lopez Obrador told his daily meeting that the investment showed Mexico was an attractive investment destination, citing a strong currency, stable inflation and prudent government debt management.
Mexico’s president is facing criticism. Mexico’s economy shrank by 0.1% last year for the first time in a decade.