The first-term Republican governor, who has taken a hands-on approach to expanding Nevada's economy and business stature, made the announcement Friday before the Las Vegas Regional Economic Development Council, the Las Vegas Review-Journal reported. The council was formerly called the Nevada Development Authority.
The mission to Mexico follows overtures by Latin American business leaders about investment opportunities in Mexico and other Latin American markets, Sandoval told the newspaper after his speech to 800 business leaders.
As for the Israel trade mission, Sandoval said water companies could potentially be targeted for business deals.
Sandoval postponed a trade mission to Israel in mid-May, saying he wanted to focus first on Nevada's own economic development.
He had been scheduled to speak at the 18th International Agricultural Exhibition in Tel Aviv. Topics were to include technologies to expand water supplies, cyber security, clean energy and technology commercialization.