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 Telmex and made it into a privately held subsidiary. In 1991, he acquired Hoteles Calinda (now OSTAR Grupo Hotelero), and in 1993, he increased his stakes in General Tire and Grupo Aluminio to the point where he had a majority interest. In 1996, Grupo Carso was split into three companies: Carso Global Telecom, Grupo Carso, and Invercorporación. In the following year, Slim bought the Mexican arm of Sears Roebuck. In July 1997 Grupo Carso agreed in principle to sell Procter & Gamble de México, a subsidiary of The Procter & Gamble Co., a manufacturing plant in Apizaco and the company's