MEXICO CITY - Walmart's Mexico unit is making a big splash this year with plans to invest over $6 billion in the country—about three times what it had originally planned for last year, according to a recent report from Reuters.

This hefty investment will go toward opening new stores and continuing construction on two distribution centers, which is exciting news for shoppers and the job market alike.

After the announcement, shares listed in Mexico City jumped by more than 2 percent. During a virtual appearance at a daily press conference with Mexican President Claudia Sheinbaum, Walmex CEO Ignacio Caride emphasized that this move is set to create around 5,500 direct jobs.

As one of Mexico's largest private employers, Walmex operates Walmart and Sam's Club stores, along with the popular budget chain Bodega Aurrera.

Stay tuned and check in with us at ANUK for more updates on business development!