Monterrey

{ Monterrey ( MON-tə-RAY, Spanish: [monteˈrej] ) is the capital and largest city of the northeastern Mexican state of Nuevo León. It is the ninth-largest city and the second largest metropolitan area, after Greater Mexico City. Located at the foothills of the Sierra Madre Oriental, Monterrey is a major business and industrial hub in North America. The city anchors the Monterrey metropolitan area, the second-largest in Mexico with an estimated population of 5,341,171 people as of 2020 and it is also the second-most productive metropolitan area in Mexico with a GDP (PPP) of US$140 billion in 2015. According to the 2020 census, Monterrey itself has a population of 1,142,194. Monterrey is considered one of the most livable cities in Mexico, and a 2018 study ranked the suburb of San Pedro Garza García as the city with the best quality of life in the country. It serves as a commercial center of northern Mexico and is the base of many significant international corporations. Its purchasing power parity-adjusted GDP per capita is considerably higher than the rest of Mexico's at around US$35,500, compared to the country's US$18,800. It is considered a Beta World City, cosmopolitan and competitive. Rich in history and culture, it is one of the most developed cities in Mexico. The uninterrupted settlement of Monterrey began with its founding by Diego de Montemayor in 1596. Following the Mexican War of Independence, the city grew into a key business hub. The city experienced great industrial growth following the establishment of the Monterrey Foundry in 1900. It holds prominent positions in industries such as steel, cement, glass, auto parts, and brewing. The city's economic success has been partly attributed to its proximity to the United States-Mexico border and strong economic ties with the United States. {

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