Wednesday, May 27, 2026
BUSINESS

Carlos Slim's Investments Poised to Drive Millions in 2026

Carlos Slim's Investments Poised to Drive Millions in 2026

Mexican magnate Carlos Slim earmarks $5 billion for infrastructure, energy, and telecommunications projects in Mexico through 2026.

Amidst an economic landscape marked by deceleration, inflation, and the financial challenges of Petróleos Mexicanos (Pemex), Mexican businessman Carlos Slim Helú has once again placed Mexico at the center of his investment plans. The honorary chairman of Grupo Carso announced an investment of nearly $5 billion by 2026, primarily allocated to infrastructure, energy, telecommunications, and strategic industrial projects.

The announcement was made during the magnate’s annual conference, held at the headquarters of Grupo Financiero Inbursa, where he stated that the country still has the conditions to accelerate its economic growth if it can unlock key projects and foster private investment.

“We have countless needs and a low interest rate that drives the availability of funds for execution,” Slim remarked, advocating for the necessity of developing large-scale projects across different regions of the country.

At 86 years old,

he continues to be one of the most influential figures in Latin America, with a presence in strategic sectors such as telecommunications, construction, infrastructure, energy, and financial services. His fortune, estimated at around $125 billion, maintains him as the wealthiest man in Mexico and one of the businessmen with the greatest capacity for political and economic dialogue in the country.

What Will Carlos Slim Invest In During 2026?

Although the businessman avoided revealing the full details of the projects, he did anticipate some of the areas that will receive capital in the coming months. These include:

  • Construction of highways and viaducts
  • Desalination plants
  • Infrastructure for gas refining
  • Industrial developments
  • Pipelines
  • Oil fields
  • Telecommunications
  • Water systems and electricity generation

One of the projects that will hold significant importance within Grupo Carso’s energy strategy is the Ixachi Field, considered one of Mexico’s most important reserves in recent years. Currently, subsidiaries of the conglomerate maintain approximately 32 active wells in this area, with a production close to 2,000 barrels of crude oil per day. Furthermore, Slim indicated that up to 22 new drillings could be added, as well as deepwater projects utilizing semi-submersible platforms.

However, the businessman made it clear that he will not participate in fracking projects. “No, not fracking because we are already saturated,” he responded when questioned about the possibility of investing in hydraulic fracturing.

Slim’s message arrives at a critical juncture for the Mexican economy. During the first quarter of the year, Gross Domestic Product (GDP) registered a contraction of 0.6%, while private investment has shown signs of deceleration. In this context, the businessman affirmed that Mexico still possesses significant competitive advantages, particularly due to the USMCA, the relocation of companies, and opportunities arising from trade with the United States and Canada.

Carlos Slim Backs Plan Mexico and Claudia Sheinbaum’s Strategy

One of the most relevant points of the conference was Slim’s public endorsement of Claudia Sheinbaum’s administration. The businessman acknowledged that the current administration has demonstrated a willingness to facilitate private investment and reduce regulatory obstacles.

According to the magnate, the so-called

comprising businessmen and federal officials, has helped expedite procedures, review projects, and create a one-stop shop to accelerate strategic investments.

“The intention of that council is to outline what we are doing, what we are investing in, and what other additional investment alternatives exist,” he explained.

Slim even stated that conversations are already underway with various states across the country to finalize new infrastructure and regional development projects. The businessman also highlighted the measures promoted by the Federal Government to contain inflation, particularly the control over fuel prices through fiscal incentives.

“The president’s efforts to manage inflation are very important,” he stated. In this regard, he believes that the so-called Plan Mexico could become a key tool for accelerating economic growth and attracting new capital.

Pemex, Debt, and Oil Production: Slim’s Warnings

While he expressed optimism regarding the country’s economic future, Slim also issued warnings about what he considers Mexico’s primary structural risk: the financial and operational situation of Petróleos Mexicanos. The businessman recalled that between 2000 and 2006, Mexico produced over 3 million barrels of oil per day, a figure that is currently far from being reached.

“Just as a data point, it was about 3 million 270 thousand barrels per day for six years,” he noted.

Currently, Pemex produces around 1.67 million barrels per day and faces a financial debt of nearly $79 billion. In this regard, Slim pointed out that the country urgently needs to increase oil production and strengthen its energy capacity to sustain medium-term economic growth.

“Although there is some pessimism from some, we do have problems, but perhaps the most important is the low oil production and Pemex’s situation,” he maintained.

Furthermore, he criticized Moody’s recent downgrade of Mexico’s credit rating, calling it “irrational” and downplaying concerns about the projected public debt level for 2026.

Telmex, Regulation, and the Telephone Registration Challenge

During the conference, Slim also addressed a long-standing issue for his conglomerate: the lack of authorization for Telmex to offer pay television services. The businessman stated that no government, including that of former President Andrés Manuel López Obrador, had granted this authorization despite previous promises.

“After 25 years, Telmex has not been authorized to offer pay television,” he lamented.

Another issue that raised concern was the new mandatory mobile phone registration linked to the CURP, with a deadline of June 30th. Slim acknowledged that the process is progressing slowly, particularly in the prepaid segment, which accounts for about 80% of the country’s mobile lines.

According to official figures from the Telecommunications Regulatory Commission, as of May 2026, just over 49 million lines had been registered, leaving approximately 95 million users pending. Therefore, the businessman called for a review of the mechanism to make it more efficient for both companies and consumers.

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