Mexico to Invest Nearly $14 bn in Tourism Industry

Mexico plans to invest 180 billion pesos ($13.8 billion) in tourism infrastructure to turn the country into a global power in the industry, President Enrique Peña Nieto said.

"Mexico has everything necessary to become a tourism power at the global level," the president told industry leaders gathered at the 39th Tourism Fair in the Caribbean resort city of Cancun.

Travel agency representatives, tourism industry executives and officials from all levels of government listened as Peña Nieto discussed Mexico's advantages in terms of natural beauty, cultural offerings and historic sites.

"Today, Mexico is the No. 2 tourism . . .