Over the last few days, entrepreneurs from the Latin American country have taken part in the Farnborough International Airshow Trade 2016, an event celebrated with an aim to promote and gain investment for the sector.
The event provides the opportunity to establish business relationships, enjoy live aerial demonstrations and discover innovations for the future. The event’s global reach attracts representatives from 1500 sector-leading companies from all over the world.
In addition to the business sector, between 6-17th July there were leisure activities made available for spectators.
Such activities included: a museum of the history of aviation, exhibition areas, simulators, helicopter rides, a specified area with attractions for all ages, and even participation from astronauts and aeronauts.
Mexico and the United Kingdom
At the event, alongside those from the Latin American country were representatives from Querétaro, Nuevo León, Sonora and Baja California. These participants have also made investments related to the space industry.
In the case of Querétaro, there have been developments in training projects and vocational training, such as the Network for Aerospace Investigation and Innovation and the Aeronautical University.
Due to the industrial growth that has taken place in the Mexican state in relation to this science, a memorandum of understanding of academic cooperation has been signed between the National Aerospace University of Querétaro and Cranfield University.
In fact, it is the only educational institution in the United Kingdom dedicated exclusively to postgraduate courses in such areas as manufacturing, security and the aerospace industry. Moreover, this is the first agreement to be made between the two bodies, and has opened a pathway for future activities related to the training of students in research, business and aeronautics.
This means that, according to the Directorate General of Foreign Investment of the Ministry of Economy, the Mexican state of Querétaro has made the greatest Foreign Direct Investment in the country’s aerospace sector, with the figure standing at 37%.
Furthermore, the manufacturing sector of civilian aircraft and business is the sector that receives the greatest Foreign Direct Investment, with some 42% of the total.
This percentage, together with other elements like the manufacturing of components, cables and electrical appliances for the aerospace industry, means that between 1999 and the first trimester of 2016, the sector has received a Foreign Direct Investment worth 3,446.9 million dollars.
The event was organised by Farnborough International Ltd, a company that is responsible for conducting global activities in the business sector. The next event will take place in Mexico.
(Translated by Eleanor Gooch)