Wal-Mart de Mexico y Centroamerica revealed plans to develop in its Central American unit, announcing its intention to invest some MXN18.97bn (US$1.6bn) during 2011.

The world’s largest retailer plans to invest the money in opening some 445 stores over the year, with some 365 of them set to be opened in Mexico. Across its Central America and Mexico region, the retailer intends to increase its footprint by some 11.9%, with 12.2% growth in Mexico.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Speaking at an analyst day on Thursday (24 February), the division’s CEO, Scot Rank, said the move would generate around 20,000 new jobs and over 40,000 indirect jobs in the construction industry.

Rank said that in 2011, the company will invest a record amount in Mexico of around MXN14.09bn.

“Never before have we invested such a large amount of resources in a single year, and it is proof of our commitment to and confidence in Mexico,” said Rank.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact