Grupo Garza Ponce and State of Mexico. This new construction was intended to take place next to the Mexico City International Airport, which was needed additional space to reduce traffic saturation. The design of the new airport was done by Norman Foster, the owner of Foster and Partners, along with Mexican architect Fernando Romero, relative of Mexican billionaire Carlos Slim. Slim's construction company Grupo Carso was also among the bidders. The value of the project was estimated to be at around US$9.12 billion. Mexico's Secretary of Communications and Transportation Gerardo Ruiz Esparza stated that the government of President Enrique Peña Nieto (2012–2018) likely
Carlos Slim in copper and aluminum products, along with a chemicals business, Química Fluor, and others. Slim made a large fortune in the early 1990s when Mexico privatized its telecom industry and Grupo Carso acquired Telmex from the Mexican government. In 1990 the Grupo Carso was floated as a public company initially in Mexico and then worldwide. Grupo Carso also acquired majority ownership of Porcelanite, a tile making company in 1990. This investment was assigned to an associated company, but in 1995 Grupo Carso began growing its equity stake to 83 percent and subsequently made it a subsidiary. Later in 1990, Slim