If you haven’t been to Puerto Vallarta lately, you may not recognize it. The Mexican federal government has been making massive investments in infrastructure to support tourist sites like Puerto Vallarta. These multi-million dollar investments are designed to support and encourage tourism direct foreign investment and individual real estate investment here.

The most recent infrastructure improvements include the construction of an interstate highway serving Jalisco and connecting the state to neighboring states; a new airport terminal at the Puerto Vallarta International Airport; newly refurbished marine terminals for the cruise ships for which the city is a favorite port-of-call; a new convention center in Puerto Vallarta to support major meetings, trade shows and events; a brand new water treatment plant to supplement the existing water services; new tunnels that serve the city; new schools; new hospitals; and more.

The Mexican federal government has identified tourism as a major component of the “new Mexican economy.” Right now, Mexico gets much of its money from its exports of oil. Unfortunately, Mexico’s oil reserves are dwindling and experts predict that within 15 years, Mexico will go from being the world’s sixth-largest producer of oil to a net oil importer. That’s right: Mexico’s oil reserves will not even support the country’s own needs for oil.

These infrastructure investments are critical to Mexico’s plan to shift its economy from oil to tourism. Buying real estate in Mexico right now, especially in tourist areas like Puerto Vallarta, is a once-in-a-lifetime real estate investment opportunity. If you would like more information on how you can make this opportunity work for you, please contact Coaching Services today.