2013

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The time is right to tap into Mexican market, says RIBA

Date:

06 September 2013

Press office contact:

Melanie Mayfield
T: +44 (0)207 307 3662
E: melanie.mayfield@riba.org

 

The Royal Institute of British Architects (RIBA) is offering British firms the chance to take part in its trade mission to Mexico in November 2013 (10-16).

Delivered in association with the UKTI and the GREAT WEEKS Trade Mission, the week-long trip, led by Baroness Bonham Carter, will help firms build the relationships and knowledge they need to capitalise on the opportunities available in the country.

The programme for the trip will include embassy briefings, sector lunches, roundtable sessions discussing areas such as urban planning and sustainable design. It will also include visits to architectural practices and sites of cultural interest.

The trip, which will take place in both Mexico City and Guadalajara, is in response to the RIBA and the UKTI identifying Mexico as one of the key emerging economies which British architectural practices should be targeting. According to figures from the UKTI, its construction sector grew four times faster than Brazil's in 2012, and is expected to repeat or even better that performance in 2013 and 2014. Trade between the UK and Mexico also doubled between 2000 and 2010, and continues to rise year-on-year.

Similarly, the country is expected to enjoy something of an architectural boom in the coming years. The government of President Peña Nieto has committed to investing up to $415 billion dollars in infrastructure projects between 2013 and 2018 and the Mexican Chamber of the Construction Industry predicts its construction sector will grow by 5.7% in 2013.

Sustainable design is a key focus area and has been identified as a priority for Mexico’s National Housing Commission, who will oversee the building of the four million houses that the country requires. The retail and entertainment sectors are also areas in which significant development is expected to take place.

Marcus Deeley, Head of International at RIBA, commented: "Mexico arguably has the strongest economy in Latin America, and while some firms are already making a name for themselves out there, there is scope for British firms to make their presence felt in a much more significant way.

"There are great opportunities in areas such as concept work for large residential and commercial developers, and favourable exchange rates mean that this work has the potential to be extremely profitable for British firms. However, without the right cultural understanding and a keen knowledge of the local market, it can be very difficult to secure such contracts.

"We hope that this trip – and the intelligence gathered on it – will enable the British architectural community to begin really making an impact in Mexico."

To learn more or book your place, please contact Marcus Deeley (Marcus.Deeley@riba.org), or for more information go to: www.greatweeks.co.uk.

 

Notes to editors

For press information contact pressoffice@riba.org

 

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