Sunday, May 19, 2024
Update At 14:00    USD/EUR 0,92  ↓-0.0002        USD/JPY 155,62  ↑+0.312        USD/KRW 1.351,82  ↑+4.4        EUR/JPY 169,23  ↑+0.42        Crude Oil 83,96  ↑+0.69        Asia Dow 4.014,64  ↑+5.79        TSE 1.821,50  ↓-7        Japan: Nikkei 225 38.787,38  ↓-132.88        S. Korea: KOSPI 2.724,62  ↓-28.38        China: Shanghai Composite 3.154,03  ↑+31.625        Hong Kong: Hang Seng 19.553,61  ↑+177.08        Singapore: Straits Times 3,39  ↑+0.005        DJIA 22,50  ↑+0.0593        Nasdaq Composite 16.685,97  ↓-12.353        S&P 500 5.303,27  ↑+6.17        Russell 2000 2.095,72  ↓-0.5318        Stoxx Euro 50 5.064,14  ↓-8.31        Stoxx Europe 600 522,94  ↓-0.68        Germany: DAX 18.704,42  ↓-34.39        UK: FTSE 100 8.420,26  ↓-18.39        Spain: IBEX 35 11.327,70  ↑+28.4        France: CAC 40 8.167,50  ↓-20.99        

Blue-chips rely on engineering excellence from grupo RIOBOo

Article - November 6, 2012
With an area of almost 2 million square kilometres (772,204 square miles) and a population close to 115 million, Mexico’s demand for infrastructure and housing is tremendous, and potential in the construction sector is vast.
Grupo Rioboo has handled structural design for civil engineering projects in Mexico since 1974. It was initially involved in developing the structural design for various construction projects and civil engineering works. The company’s field work expanded over the years, creating new partners, and its services now span planning, comprehensive design, project management, construction supervision, research and other areas related to engineering.

A pioneer in prefabrication, and working with blue-chip clients including Proctor & Gamble, it has spearheaded prestigious projects such as the Mexico City metro and Palacio de Hierro shopping centre in Monterrey.

Jose Maria Rioboo, President and founder of the group, believes there is huge potential for UK investors and partners. “On the infrastructure side, there are opportunities in motorway and road construction,” he says. “Foreign developers such as ICA, Ideal and OCL are doing well in Mexico and continue to invest, so I think that other UK and international companies could work well here too.”

He points out that Mexico’s construction market has key competitive advantages: “Some investors fear that the client won’t keep up with payments, but in Mexico this is not allowed to happen. Moreover, as we are a country with overpopulation, there’s demand for any project we develop. If we build a stadium we can fill it.”