President Calderon inaugurated the G20 Convention Center this past June 16th. He stated that the center will increase tourism in Los Cabos, a well known destination in Mexico and one of the most popular among international tourists.
He added that $1.2 billion pesos were invested in the center, which created 1,500 direct and 3,000 indirect jobs. He explained that the building has three exhibition halls with incorporated advanced systems of environmental sustainability, reflected in the construction of a treatment plant and the installation of over a thousand solar panels to enable the space to operate with minimum environmental impact. The Convention Center’s facade was decorated with vertical gardens including the world’s largest “living wall.” The president declared that it is possible to promote projects that promote economic development while preserving the environment.
He subsequently congratulated those who participated in the building of the Center, since the project was completed in record time. This reflects the talent of Mexican architects and engineers as well as the population’s capacity to organize and collaborate at all levels to achieve the same goal. The president declared that this center is expected to increase the flow of tourists visiting Los Cabos by over two million people over the next five years and invigorate the tourism industry.
The G20 Leaders’ Summit, held on June 18th & 19th at the Convention Center, was attended by over 30 leaders of countries and international organizations. It was considered a success, and according to the Financial Review, the key outcomes agreed to by the G20 leaders were:
- Joint action to strengthen recovery and address financial market tensions
- Growth and jobs action plan
- Eurozone members to safeguard integrity and stability
- US to manage its public finances to avoid a sharp contraction in 2013
- China committed to reform its exchange rate regime and allow market to play greater role
- Finance ministers and central banks to work on a plan to boost investment in infrastructure
- Finance ministers in 2013 to get report on how growth and jobs plan is going
- Standstill on trade protection measures to be extended by a year to 2014
- IMF resources doubled to $450 billion
- Russia to take leadership, host at St Petersburg in 2013
- G20 study group on climate finance
Mexican authorities expect that having had this important event in Los Cabos, will boost tourism in addition to placing Mexico at the center of the world’s most important advances and demonstrate its capacity to lead and reach agreements in various issues of international importance.