It is located immediately to the north of the municipalities of Tampico and Ciudad Madero, at the southern tip of the state of Tamaulipas, on the Gulf of Mexico.
Because of its privileged geographical location, the Port of Altamira is easily accessible to the world's main shipping lines, enabling it to reach any market in every continent.
This situation results in multiple advantages for investors, since there is enough space and capacity to develop many industries which will have a nearby sea port available.
A large industrial sector, mainly involved in petro-chemicals, provides much employment and tax revenue; it includes foreign companies such as Chemours, SABIC, BASF, POSCO, etc.
In 2014 President Pena announced that Mexico was ending its monopoly and opening oil and gas exploration to private companies; he hopes to stimulate both large and small-scale projects.