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UAE and Spain ... distinguished relations for a better future
28 Dec 2020
UAE and Spain ... distinguished relations for a better future
The UAE is a modern and dynamic country that has positioned itself as an economic and investment hub in the region and the world. Its economic openness and business climate have fostered a great deal of investment opportunities in the UAE and abroad.
The UAE is already one of the main investors in Spain with more than 6 Billion € invested in our country. Therefore, the ambitious Investment package included in the Spanish Recovery Plan represents a new opportunity for UAE investors.
Spain is developing an investment plan that is going to modernise and transform our economy and that will be funded by the EU. Spain will receive up to 140 Billion € to develop projects relating to the Green economy (37% of the total amount allocated to Spain) and the digital sector (33% of the total amount allocated to Spain).
The UAE is a critical partner for Spain given its track record and expertise in the investment field.
H.E. Dr. Manuel Muñiz Villa
Secretary of State for Global Spain at the Ministry of Foreign Affairs and Cooperation of Spain