1. National Trust Fund for Tourism Development

2. 2 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Table of Contents 1.Introduction - Economics in Mexico - Tourism Economy in Mexico - Tourism Investment in Mexico - Tax incentives in Mexico - What is FONATUR? - FONATUR’s Advantages - FONATUR’s Achievements - Integrally Planned Developments 2.Investment Opportunities - Marina Cozumel - IPD Sinaloa - Capomo 3.IPDs - IPD Huatulco - IPD Ixtapa - IPD Cancun - IPD Los Cabos - IPD Loreto 4.Contact

3. 3 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Economics in Mexico Gross Domestic Product Thousands of Million pesos at constant prices Unemployment Rate Percentage Total Exports Millions of Dollars 20062007200820092010200620072008200920102011 200620072008200920102011 Fuente: Inegi, Banxico Inflation Rate Percentage 200620072008200920102011

4. 4 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Exchange Rate (MXN /USD) Direct Foreign Investment in Hotels and Restaurants (million dollars) Tourism Economy in Mexico 2010200920082007200620052004200320022001 11 10 14 0 2008201020092007200620052004200320022001 2 4 6 8 12 14 11 13 11 10 9 200520062007200820092010 Incomes11,80312,17712,85213,28911,27511,872 Outcomes7,6008,1088,3758,5267,1327,283 Balance4,2034,0684,4774,7634,1444,588 Tourism Trade Balance (Million Dollars) The tourism participation in the Gross Domestic Product is ~9% 80% of the tourism activities is hold by the national market Current population is about 112.3 million people National tourism flows: 56.4 million passengers Source: Banxico, Ministry of Economics, SIIMT

5. 5 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Tourism Investment in Mexico It is one of the world’s most stable, open and deregulated developing economies, providing foreign investors all the necessary legal facilities and guarantees. Mexico is one of the most important tourist destinations in the world. It offers a wide variety of opportunities for private investment through FONATUR. Tourism is a national priority with the objective of positioning Mexico among the 5 most visited countries as of 2018. The total tourism investment in Mexico was ~$2.6 billion dollars. In the last six years the infrastructure investment was about 574.9 million dollars. Source: SECTUR Private investment identified in the tourist sector, Dec. 2009 Ranking by currency income PositionCountryBillion Dollars 1USA93.9 2Spain53.2 3France49.4 4Italy40.2 5China39.7 23Mexico11.3 ………

6. 6 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Temporary taxes exemption and state fees Construction license payment exemption Taxes and state fees reductions Reductions in the rights generated from the Property Public Register Reduction of real estate acquisition tax Reduction in the payment of licensing fees for construction Payroll tax cuts to companies that create new jobs Note: fiscal and legal incentives may vary by state Tax incentives in Mexico

7. 7 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 What is FONATUR? The National Fund for Tourism Development (FONATUR for its initials in Spanish) 1.To be the institution responsible for the planning and development of sustainable tourist projects of national impact. 2.To be the organism that promotes investment in the country’s tourist sector. Mission Is part of the semi-private public sector Is under the sector coordination of the Ministry of Tourism Adapts its actions to the National Development Plan and the National Tourism Program

8. 8 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 FONATUR pioneered the planned tourism in Mexico creating Cancun (1974), Ixtapa (1974), Los Cabos (1976), Loreto (1976) and Huatulco (1984). Cancun started the concept of IPD with the objective of developing tourism in an ordered manner, ecologically friendly and respecting the local urban development. These efforts helped attract international tourism placing Mexico among the top tourist destinations in the world, six folding the number of international tourists that visit Mexico and generating well paid jobs. What is FONATUR? FONATUR established a new paradigm: Long-term planning as a reliable way to guide decision-making

9. 9 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 FONATUR’s advantages Investment Advantages Added Value Observed in FONATUR’s IPDs FONATUR’s IPDs are developed through sustainable master plans FONATUR provides maintenance to the IPDs, thus guaranteeing their status Buying from a government agency gives legal certainty to the investors FONATUR provides all services to the lot FONATUR prices are competitive and also have financing schemes Loreto Huatulco Ixtapa Los Cabos Cancún 201020001990IPD Begining Average price by m 2 USD/ m 2 1 IPD Begining: Cancún 1974; Los Cabos 1976; Ixtapa 1978; Loreto 1980; Huatulco 1984 2 CGAR: Compound Growth Annual Rate CGAR 2 11% 10% 3% 9% 5%

10. 10 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 FONATUR’s Achievements 1 Dollar FONATUR’s investment Promotion of private investment Private investment (dollars) for each dollar invested by FONATUR Ixtapa Los Cabos14 Cancun19 Loreto Huatulco Observed results Beach hotels located in FONATUR’s IPDs Foreign tourists that visit FONATUR’s IPDs Hotel capacity installed in IPDs Tourism Revenue generated in IPDs 40% 20% 44% FONATUR has invested 2.7 billon dollars

11. 11 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Integrally Planned Developments (IPD)

12. 12 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Table of Contents 1.Introduction - Economics in Mexico - Tourism Economy in Mexico - Tourism Investment in Mexico - Tax incentives in Mexico - What is FONATUR? - FONATUR’s Advantages - FONATUR’s Achievements - Integrally Planned Developments 2.Investment Opportunities - Marina Cozumel - IPD Sinaloa - Capomo 3.IPDs - IPD Huatulco - IPD Ixtapa - IPD Cancun - IPD Los Cabos - IPD Loreto 4.Contact

13. Marina Cozumel

14. 14 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Location Marina Cozumel ‐Located in Cozumel Island, Quintana Roo, 40 Km east from Playa del Carmen (40 minutes). Accessibility ‐Cozumel International Airport ∙Distance: 8 Km ∙Travel time: 10 minutes ‐Cancun International Airport ∙Distance: 5 Km to Playa del Carmen ∙Travel time: 30 minutes ‐Ferry (Playa del Carmen – Cozumel) ∙Distance: 19 Km ∙Travel time: 40 minutes ‐Puerta Maya (Cruise ship pier) ∙Distance: 100 meters ∙Travel time: 5 min Regional attractions ‐Natural: ∙Mildly warm climate ∙Reef, forest, mangrove zone ∙Exotic flora and fauna ‐Cultural: ∙Archeological zone ∙Traditional architecture ∙Traditional festivals

15. 15 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Statistics 250000 200000 150000 100000 50000 0 3000 2500 2000 1500 1000 500 0 201020092008 2586 2007 2460 2006 1537 6000 5000 4000 3000 2000 1000 0 50000 40000 30000 20000 10000 0 20092010200620072008 Flights Passengers Cozumel Airport Cancun Airport Source: Sistema Integral de Información de Mercados Turísticos Passengers Flights Passengers (in thousands) Flights +32% 2010 4041 1756 2009 4097 1753 2008 3266 1100 2007 3004 982 2006 2432 845 2005 3072 938 Foreign National Cozumel tourist arrivals (in thousand) 2010 526 +37% 233 2006 447 181 2005 384 119 138 2009 572 178 2008 924 297 2007 553 74% 26% 56% 44% Cancun tourist arrivals (in thousand) Registered Rooms in Cozumel Registered Rooms in Cancun 2010200720092008 +5% 20062005 2010 +9% 2008200920062007

16. 16 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Project Characteristics ‐1.13 Km waterfront ‐180º panoramic ocean views ‐Total surface: 108.10 Acres ‐Saleable surface: 64.33 Acres ‐Maximum capacity: 1622 units ∙Hotel: 572 units ∙Residential:1,050 units ‐Marina: 333 positions (on construction)

17. 17 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Marina Cozumel

18. 18 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Infrastructure: ‐Commercial zone ‐Dynamic waterfront ‐Residential cluster Tourist attractions Nautical services: ‐Tourist marina ‐Yacht club ‐Dry marina ‐Gas station Recreational activities: ‐Beach club ‐Clubhouse ∙Restaurants ∙Sport courts ‐Theme park (Cenote “El aerolito”)

19. 19 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Master Plan Marina Cozumel 1% 24% 13% Other* Tourism facility Single family Residential Commercial Hotel Land use distribution Percentage with respect to total m 2 * Urban equipment, green areas, etc. Urban plan Marina Cozumel Available Lots ‐Commercial: 1 ‐Residential: 9 ‐Single Family: 55 ‐Tourism facility : 1 Coming Soon: ‐Hotel: 4 ‐Commercial: 2 ‐Residential: 3 ‐Tourism facility: 1 Number of lots Marina with 333 positions

20. 20 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Use of land Use of Land Area (m 2 ) Units Hotel57,180.804.00 Residential105,906.3012.00 Single family46,164.9055.00 Commercial24,281.543.00 Tourism facility6,120.161.00 Equipment1,782.432.00 Green area8,686.975.00 Streets44,742.41-

21. 21 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Table of Contents 1.Introduction - Economics in Mexico - Tourism Economy in Mexico - Tourism Investment in Mexico - Tax incentives in Mexico - What is FONATUR? - FONATUR’s Advantages - FONATUR’s Achievements - Integrally Planned Developments 2.Investment Opportunities - Marina Cozumel - IPD Sinaloa - Capomo 3.IPDs - IPD Huatulco - IPD Ixtapa - IPD Cancun - IPD Los Cabos - IPD Loreto 4.Contact

22. IPD Sinaloa

23. 23 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Location IPD Sinaloa ‐Located in the municipality of Escuinapa, Sinaloa, 90 Km south from Mazatlan (90 minutes). Mazatlan ‐Second main city in Sinaloa. ‐One of the main beach destinations in the northwest region and in the country. ‐Fifth cruise destination in Mexico. ‐It has the second biggest fishing fleet in Mexico. ‐Private investment of $270.5 Million Dollars (2010).

24. 24 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Influence Area Source: SIIMT Mazatlan´s Tourist Arrivals (in thousands) 1604 2010 +233% 2005 481 391 90 2006 968 1254 988 2008 1297 1474 2009 1162 1056 1181 2007 1239 26% 74% National Foreign Although Mazatlan has excellent international airlift and connectivity, the domestic market using ground transportation is of great importance. 2007200820062005 +12% 20102009 Number of Guestrooms in Mazatlan 201020052006200920082007 Occupancy Rate (%)

25. 25 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Accessibility The IPD Sinaloa has very good accessibility through: Mazatlan International Airport ‐Distance to IPD Sinaloa: 85 Km ‐Travel time to IPD Sinaloa: 55 min. Teacapan Airport* (Projected) - Distance: 26 Km -Travel time: 20 min. Federal Highways ‐Mexico City – Nogales ‐Mazatlan – Durango Highway (under construction) * There is an existing air strip which could be upgraded depending on future demand.

26. 26 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Project Characteristics ‐Total surface: 5,883.6 Acres ‐Saleable surface: 2,351.7 Acres ‐12 km waterfront ‐100 meter beach width approx. ‐180º panoramic ocean views ‐Conservation surface 1383.5 Acres ‐Maximum capacity 44,013 Units ‐Hotel: 11,967 units ‐Residential: 32,046 units ‐Land use: ∙Residential with low, medium and high densities. ∙Commercial Mixed-use ∙Hotel

27. 27 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Sinaloa

28. 28 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Tourist Attractions Nautical infrastructure: ‐Marina ‐Island ‐Canal zone ‐Dynamic waterfront ‐Ski track Cultural infrastructure ‐Interpretative zone ‐Cultural center ‐Universities ‐Libraries ‐Retiree zone Recreational infrastructure ‐Golf courses ‐Beach clubs ‐Theme park ‐Sport module ‐Recreational promenades ‐Shopping malls

29. 29 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Master Plan 11% 4% 31% 6% Land use distribution Percentage with respect to total sq/m Trigger zone (1 st stage of development) Will have urban infrastructure, hotels and commercial area Hotel Commercial Residential Tourist facilities Other* * Golf course, urban equipment, green areas, etc.

30. 30 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Table of Contents 1.Introduction - Economics in Mexico - Tourism Economy in Mexico - Tourism Investment in Mexico - Tax incentives in Mexico - What is FONATUR? - FONATUR’s Advantages - FONATUR’s Achievements - Integrally Planned Developments 2.Investment Opportunities - Marina Cozumel - IPD Sinaloa - Capomo 3.IPDs - IPD Huatulco - IPD Ixtapa - IPD Cancun - IPD Los Cabos - IPD Loreto 4.Contact

31. Capomo

32. 32 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Influence Zone Riviera Nayarit ‐Is a 160 km long corridor, located on the Nayarit state ‐Is a combination of exclusive developments, pristine beaches, flora and fauna ‐It runs from Nuevo Vallarta to San Blas port Riviera Nayarit attractions ‐Touristic: ∙Special category hotels ∙Golf courses ∙Marinas ‐Naturals: ∙Beaches ∙Whale watching ∙Tropical jungle Nuevo Vallarta ‐~5,450 hotel rooms offer (4, 5 stars and Grand tourism hotels) Punta Mita ‐4 hotels current offer (783 rooms): ∙2 special category hotels (Four Seasons 140 rooms and St. Regis con 120 rooms) ∙2 five stars hotels (Palladium Vallarta with 423 rooms and The Royal Suites Palladium con 100 rooms Puerto Vallarta (Jalisco) ‐~7,520 hotel rooms offer (4, 5 stars and grand tourism hotels) Puerto Vallarta

33. 33 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Source: Sistema Integral de Información de Mercados Turísticos Influence Zone 1000000 0 500000 1500000 2000000 10000 0 2007200820092010 5000 2006 15000 20000 10000 0 2000 1500 1000 500 0 2010 567 2009 697 2002 1482 20012000 1,676 60000 50000 40000 30000 20000 2008 1,172 20072006 1603 2005 1,243 2004 1,282 2003 1,126 20000 30000 40000 50000 1000 10000 0 2000 1500 20072008 1172 200920102006 500 0 60000 Passengers Flights Puerto Vallarta Airport (in thosands) Tepic Airport (in thousands) Passengers Flights Passengers Flights Puerto Vallarta tourist arrivals (in thousands) -18% 2010 1104 390 2009 1223 422 2008 1432 630 2007 1431 596 2006 1493 649 2005 1342 555 Foreing National Nuevo Vallarta tourist arrivals (in thousands) +3% 2010 661 273 2009 625 261 2008 752 415 20072006 642 360 2005 642 360 829 466 59% 41% 65% 35% 2009 +25% 2010 +2% 2008200620072005 Puerto Vallarta Nuevo Vallarta Registered rooms 2005 -15% 2008 -18% 2009201020072006 Occupation percentage

34. 34 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Capomo Characteristics Location ‐Compostela, Nayarit ‐115 Km north of Puerto Vallarta; 90 minutes ‐69 Km north of Punta Mita; 50 minutes Accessibility ‐Tepic National Airport ∙Distance: 90 Km ∙Travel time: 1.5 hours ‐Puerto Vallarta International Airport ∙Distance: 70 Km ∙Travel time: 1 hour ‐Puerto Vallarta – Compostela federal highway ‐Chacala’s Port ‐Railroad Regional attractions ‐Natural: ∙Sub-humid warm climate ∙Deciduous jungle ∙Palm grove zone ∙Mangrove zone ∙Diverse fauna (22 classes of amphibians, 44 classes of birds and 11 different species of mammals)

35. 35 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Project characteristics ‐Cliff zone, marsh and flat zone ‐3.5 Km waterfront ‐50 meter coastal beach dune ‐Total surface: 630.7 Acres ‐Saleable surface: 353.9 Acres ‐Polygons: ∙Boca de Becerros ∙Boca de Naranjos ∙Anexo Cuevitas ‐Maximum capacity: 4,822 units ∙Hotel: 1,592 units ∙Residential: 2.996 units ∙Commercial:248 units ‐PGA class 18 hole golf course (197.2 Ha)

36. 36 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Capomo

37. 37 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Tourist attractions Infrastructure ‐Golf courses ‐Beach clubs ‐Commerical zone Recreational activities ‐Entertainment centers ‐Theme trail by marsh ‐Recreational promenades ‐Shopping malls

38. 38 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Master Plan Capomo 2% 40% 3% 12% 42% Number of Lots Tourist equipment Residential Others* Single Family Commercial Hotel * Others: Golf Course, streets,green areas, touristic services, etc. Boca de Becerros (First stage) Boca de Naranjos (Second stage) Anexo Cuevitas (Third stage) First Stage: ‐Hotel: 3 ‐Commercial: 4 ‐Residential: 7 ‐Single family: 47 ‐Touristic Services: 4 Second Stage: ‐Residential: 2 ‐Single Family: 53 Third Stage: ‐Hotel: 3 ‐Commercial: 1 ‐Residential: 13 ‐Touristic services: 3 Land use distribution

39. 39 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Land use table Land Use Surface (m 2 ) UnitsRooms Hotel307,972.706.001,591.98 Residential Multifamiliar988,970.9922.002,808.18 Single Family66,750.18100.00188.00 Commercial41,443.955.00248.66 Turistic services48,794.327.00- Golf Course803,325.57-- Equipment39,901.45-- Green area20,412.50-- Streets180,416.79-- Subtotal:1,044,056.31--

40. 40 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Table of contents 1.Introduction - Economics in Mexico - Tourism Economy in Mexico - Tourism Investment in Mexico - Tax incentives in Mexico - What is FONATUR? - FONATUR’s Advantages - FONATUR’s Achievements - Integrally Planned Developments 2.Investment Opportunities - Marina Cozumel - IPD Sinaloa - Capomo 3.IPDs - IPD Huatulco - IPD Ixtapa - IPD Cancun - IPD Los Cabos - IPD Loreto 4.Contact

41. 41 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Huatulco Location: ‐Huatulco, Oaxaca Accessibility: ‐Huatulco International Airport ‐Number of flights to destination in 2010: ∙Domestic: 938 ∙International: 199 Investment: ‐Private investment: USD$ 193 millions in Oaxaca in 2010 Guest rooms ‐3,056 in 2010 Local and Municipal incentives to investors: ‐Tax and state rights relief ‐Payroll tax temporary exemption for new companies ‐Tax and state rights fees reduction ‐Temporal payroll tax reduction 84 Available Lots

42. 42 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Huatulco

43. 43 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Ixtapa Location: ‐Ixtapa, Guerrero Accessibility: ‐Ixtapa International Airport and Acapulco Airport ‐Main Highways (Morelia – Ixtapa Zihuatanejo, Mexico City – Acapulco) ‐Number of flights to destination in 2010: ∙Domestic: 1,263 ∙International: 717 Investment: ‐Private investment: USD $211 millions in Guerrero in 2010 Guest rooms ‐5,324 in 2010 Local and Municipal incentives for investors: ‐Tax and state rights relief ‐Payroll tax temporary exemption for new companies ‐Building license’s tax exemption ‐Temporal payroll tax reduction 57 Available lots

44. 44 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Ixtapa

45. 45 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Cancún Location: - Cancún, Quintana Roo Accessibility: ‐Cancún International Airport ‐Number of flights to destination in 2010: ∙Domestic: 8,259 ∙International: 18,331 Investment: ‐Private investment: USD $340 millions in Quintana Roo in 2010 Guest rooms ‐30,131 in 2010 Local and Municipal incentives for investors: ‐Tax and state rights relief ‐Public Registry of Property and Commerce duty exemption ‐Property tax reduction ‐Special incentives for research and technology development 25 Available lots

46. 46 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Cancún

47. 47 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Los Cabos Location: ‐San Jose del Cabo, B.C.S. Accessibility: ‐Los Cabos International Airport ‐Federal highway No.1 or Transpeninsular Highway ‐Number of flights to destination in 2010: ∙Domestic: 2,687 ∙International: 4,772 Investment: ‐Private investment: USD $64 millions in Baja California in 2010 Guest rooms ‐12,375 in 2010 78 Available lots

48. 48 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Los Cabos

49. 49 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Loreto Location: ‐Loreto, B.C.S. Accessibility: ‐Loreto International Airport ‐Federal Highway No.1 Transpeninsular Highway Investment: ‐Private investment: USD $64 millions in Baja California in 2010 Guest rooms ‐1,061 in 2010 22 Available lots

50. 50 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 IPD Loreto

51. 51 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Table of contents 1.Introduction - Economics in Mexico - Tourism Economy in Mexico - Tourism Investment in Mexico - Tax incentives in Mexico - What is FONATUR? - FONATUR’s Advantages - FONATUR’s Achievements - Integrally Planned Developments 2.Investment Opportunities - Marina Cozumel - IPD Sinaloa - Capomo 3.IPDs - IPD Huatulco - IPD Ixtapa - IPD Cancun - IPD Los Cabos - IPD Loreto 4.Contact

52. 52 COLOR SCHEME RGBRGB 3 114 177 252 184 83 173 201 88 150 198 234 186 185 186 Contact National Trust Fund for Tourism Development Tecoyotitla #100, Col. Florida México D.F., C.P. 01030 Juan Manuel Galarza Tohen +52 (55) 5090 4211 Chief Commercial Officer jmgalarza@fonatur.gob.mx Alexis Ralph Pérez-Gay Sales Director +52 (55) 5090 4249 aralph@fonatur.gob.mx