Fonatur Invests 59 Million USD in Riviera Nayarit

The National Tourism Development Foundation (Fonatur) recently announced phase two of Riviera Nayarit's integrally planned resort (IPR). Known as El Capomo, the development of this 268 hectare project will commence with an initial investment of approximately 59 million USD from Fonatur. The resort sits on a region that provides easy access and has public services such as hospitals, schools, malls, national and international connections through Tepic National Airport, Federal Highway 200, Puerto Vallarta International Airport and Puerto Vallarta's Maritime Terminal. Preparation of the resort's infrastructure will take approximately twelve months, after which residential and hotel developments will begin construction, in the same fashion as Litibú (phase one of the project) is presently being developed. Nayarit governor Ney González Sánchez, along with Fonatur director Miguel Gómez Mont Ureta recently presented project details at Nuevo Vallarta's Grand Velas.

Nayarit's comprehensive planned center, known as Riviera Nayarit, is located in the state's southern coast and consists of two sections: Litibú and El Capomo, both considered to be an important part of Banderas Bay's overall tourism development. Fonatur estimates that Riviera Nayarit will be completely consolidated by the year 2020, at which time the IPR will have tourist and residential lodging for 14,500 rooms, an affluence of 1,025,000 tourists per year, which will generate an income of $866 million USD, along with the creation of 17,400 new jobs. Fonatur is the federal entity in charge of the planning and development of new sustainable tourism projects, as well as the continued renovation of destinations such as Cancún and Los Cabos. Please visit www.fonatur.gob.mx/_Ingles/index.html for more information.