Net lease Market News
Mexican tycoon Carlos Slim Helú says he is to invest $8.3bn in 19 countries, mainly in Latin America.
The bulk of the money, some $3.6bn, is destined for his businesses in Mexico, including telecommunications, mining and road-building.
Drug-related violence affecting some regions of Mexico was no reason to stop investing in the country, Mr Slim said.
Last year he knocked Bill Gates off the top of Forbes magazine's billionaire's list with a fortune put at $53.5bn.
The planned $3.6bn for Mexico, a 13% rise on last year, would go to a range of sectors, with the bulk going to telecommunications, Mr Slim told a news conference in Mexico City.
"Whoever doesn't invest, be it out of fear or caution, will be left behind," he said.
Mr Slim said he believed the Mexican economy would continue to grow in 2011 and 2012. www.wikipedia.com