Teacapan Investment Opportunity - Land for Development, Real Estate - Mazatlán, Sinaloa, Mexico

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Teacapan Investment Opportunity
Date & Time Listed: 2009-01-28 01:45:32 (GMT)

Posted in Categories: Real Estate, Land for Development
Posted From: Mexico, Sinaloa, Mazatlán

Ad Details:

The Mexican government has announced a major new tourism development that will stretch along the Pacific Ocean coast of southern Sinaloa – a project that will ultimately be twice the size of Cancún. A master planned tourist area to rival not just Cancún, but too the Riviera Maya that runs along the shores of the Mexican Caribbean.

President Felipe Calderón, with officials from the Mexican government`s National Trust Fund for Tourism Development (Fondo Nacional de Fomento al Turismo, or Fonatur), made the announcement at the September 29 opening of the Fonatur sponsored Mexican Real Estate and Tourism Investment Expo, in Mexico City.

The investment by the Mexican government is to be around MX$5 billion pesos [US$465 million as of September 29], according to President Calderón (who made the announcement before the current worldwide financial crises came to a head, and the anticipated cutbacks). Calderón added that the aforementioned Mexican public sector investment should spark another US$6.638 billion in private national and international investments.

Price: 774,000.00 USD

Keywords:

Teacapan, New Can Cun

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Posted in Categories: Real Estate, Land for Development Posted From: Mexico, Sinaloa, Mazatlán

Posted in Categories: Real Estate, Land for Development
Posted From: Mexico, Sinaloa, Mazatlán