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ICA to benefit most from Mexico's energy overhaul

Thursday, December 26, 2013

Mexico's ICA is set to be one of the most benefitted firms from Mexico's energy overhaul, although most new projects will be tendered in 2015, according to Grupo Financiero Banamex.

ICA's strategic alliances in the industrial construction sector, as well as ICA Flúor, will receive the most investments in Mexico's energy sector, Banamex said.

The financial firm added that the growth in civil construction contracts could surprise at the beginning of 2014, as economy activity starts to pick up its pace from a stagnant transition period between presidents.

Source (in Spanish): Notimex