Portfolio for Shared Prosperity.

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The Mexican government announced the Portfolio for Shared Prosperity («Portfolio«), designed to promote nearshoring, energy transition, technological innovation and relocation of supply chains. The Portfolio includes over 2,000 strategic projects and an estimated investment of USD 298 billion, representing approximately 16% of the Gross Domestic Product («GDP").

The most relevant aspects of the Portfolio are the following:

• Primary Objectives:

• Engage both domestic and foreign private sectors in identifying investment projects with a significant impact on job creation and regional development.

• Identify necessary conditions to ensure success of such investments.

• Coordinate governmental agencies and institutions to facilitate and expedite implementation of investments.

• 1,937 ongoing projects throughout Mexico, primarily located in Baja California, Nuevo León, Sonora, Tamaulipas and Chihuahua.

• Priority sectors for investment development include energy, manufacturing industry, transportation, water, gas and mining.

• Coordination of an interagency working group to facilitate implementation of investments by reducing bureaucratic burdens and expediting procedures before federal, state and municipal authorities.

• The CFE, SAT and SEMARNAT will provide incentives and promote elimination of fiscal and regulatory barriers.

Further details regarding the projects included in the Portfolio are expected to be disclosed during the second half of the current year.

Our Firm’s Energy and Infrastructure practice attorneys are at your disposal for any questions or comments regarding this matter.

Sincerely,