A $4.6 billion investment in Mexico has been announced by Mercado Libre
Mercado Libre stated on Monday that it will invest $4.6 billion in Mexico in 2026, a 35% increase over the previous year.
The figure focuses on financial services, technology development, and logistics and includes both capital investment and operating expenses. According to a statement from Mercado Libre, it also entails the creation of 8,500 additional positions, bringing the total workforce to over 42,000 workers.
The new jobs will be in business and corporate sections of Mercado Libre and Mercado Pago, as well as logistics operations.
The business will invest more than $14 billion in the second-largest economy in Latin America between 2020 and 2026.
With over a million small and medium-sized businesses (SMEs) utilizing its ecosystem, Mexico is the company’s second-largest market in the area. According to the company, 45% of the SMEs using its marketplace rely on it as their main source of revenue.The new jobs will be in business and corporate sections of Mercado Libre and Mercado Pago, as well as logistics operations.
The business will invest more than $14 billion in the second-largest economy in Latin America between 2020 and 2026.
With over a million small and medium-sized businesses (SMEs) utilizing its ecosystem, Mexico is the company’s second-largest market in the area. According to the company, 45% of the SMEs using its marketplace rely on it as their main source of revenue.
