iversity of Nuevo León (UANL). Antonio Basagoiti and other citizens founded the Fundidora de Fierro y Acero de Monterrey, in 1900, a steel-producing company that accelerated the already fast industrialization of the city and became one of the world's biggest of its time. In 1986, several official games of the 1986 FIFA World Cupwere hosted.
In 1988, Hurricane Gilbert caused great damage to the city; the Santa Catarina Riveroverflowed, causing about 100 deaths and economic damage.
The city has hosted international events such as the 2002 United Nations Conference on Financing for Development with the participation of more than 50 heads of state and government, as well as other ministers and senior delegates from over 150 countries. The conference resulted in the adoption of theMonterrey Consensus, which has become one relevant reference point for international development and cooperation. In 2004, theOAS Special Summit of the Americas was attended by almost all the presidents of the Americas.
In 2007, Monterrey held the Universal Forum of Cultures with four million visitors.In 2008, Monterrey held the FINA World Junior Championships.
In 2010, Monterrey was hit by another damaging storm, Hurricane Alex. Alex was considered worse than Hurricane Gilbert, with record breaking rain bringing floods, and causing severe economic damage. Damage estimates totaled $1.885 billion USD, and in $16.9 billion MXN. After this event the city is under reconstruction and urban renewal. Recently, the project Nuevo León Development Plan 2030 was presented, along with some other metropolitan projects.
In August 2011 the city was the scene of a terror attack on a casino, in which more than 50 people were killed. This was the first big conflict of rivaling drug gangs in the city that had been so far spared.
In May 2012, the mutilated and decapitated bodies of 49 men and women were found just to the north of Monterrey. The massacre is believed to
