Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE and Spain focus on direct investment, renewable energy  Join our daily free Newsletter

MENAFN - Khaleej Times - 21/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Today, Spain is a leader in many key sectors. It holds the second position in the world for green patents; the country's innovation in the field of solar energy is significant, accounting for 43 per cent of the total number of patents. It is the fifth country in terms of the overall number of renewable energy patents. In regards to investment volume, Spain ranks seventh globally.

Jose Eugenio Salarich, Ambassador of Spain to the UAE, spoke to Khaleej Times and shared his thoughts. Excerpts from the interview:

Spanish ties

I am extremely glad to be in the UAE for almost two years now. The Spanish community in the UAE is increasing in numbers and today there are around 11,000 Spanish citizens living in Abu Dhabi and Dubai most of them being in the latter. They work for of companies doing business in the UAE, looking out for investments and promoting trade and cultural exchange between the UAE and Spain.

Trade

It is increasingly good and very positive. We have lot of business interests from both countries. We have a surplus with the UAE mainly because we do not import oil and gas but we export a lot of goods. So we are trying to increase efforts in this direction. We have a powerful commercial office in Dubai, with professionals to take it forward. It is number two in the world giving personalised attention to Spanish companies. We work well together to promote bilateral trade. The biggest trade partner in the Middle East for Spain is Saudi Arabia followed by the UAE. According to the Spanish Trade Commission, exports from Spain to the UAE were valued at ‚1.5 billion.

Areas of cooperation

Spain continues to work with the UAE in infrastructure, railway, energy, environment and renewable energy, tourism, technology and health sectors. Spanish companies have demonstrated experience, technology and leadership in these areas. Spain is specialised in renewable energies. It is the second-largest wind-energy and solar producer in the EU. Spanish companies are leaders in thermo solar energy technology. The country is the third-largest car manufacturer in Europe and eighth in the world. Spanish companies are leaders in reverse osmosis technology used for desalination plants. Spanish company Abengoa Solar is part of a consortium to help the UAE build the world's largest solar plant collaborating with the UAE's alternative energy company Masdar. All this is proof of what Spain is capable of doing. Additionally, Spanish companies have a very high ranking in world affairs and are renowned and respected.

Joint initiatives

Sultan bin Saeed Al Mansouri, UAE Minister of Economy, and Luis de Guindos Jurado, Spain's Minister of Economy and Competitiveness, have expressed satisfaction over the UAE-Spain Joint Economic Committee meeting that took place in Abu Dhabi in June and underlined the need to consolidate efforts both bilaterally and through the EU platform to facilitate access to key markets.

Tourism

Spain is one of the most important tourist destinations in the world. Dubai and Abu Dhabi are tourism hubs as well. We are establishing a trilateral linkage between tourists coming from the Asia-Pacific region, passing through Dubai and going to Europe. Minister of Industry and Tourism D. Jose Manuel Soria Lopez was in the UAE recently. The Secretary of State for Tourism, Isabel Maria Borrego Cortes, was here to attend the Arabian Travel Market in Dubai earlier this year. Both held conversations and meetings with high officials to this end.

Places of interest

Since Spain is a Mediterranean country, [so] I like the sea. Abu Dhabi is ideally-located for sea sports. I like to travel, visit historical sites in the UAE, play on the golf course or dine at a seaside restaurant. Everything about the UAE is impressive, the landscape of Dubai, the hotels and life in general. Emirates Palace, Jumeirah Towers, Burj Khalifa, Burj Al Arab, Dubai Marina, etc are specific areas that attract me and it is a pleasure to attend business meetings at these properties.

Challenges

The challenges for me are to increase trade, strengthen bilateral economic relations and make Spain better known in the UAE.

 


Khaleej Times




  MENA News Headlines
 Jan 28 2015 - Australia set up Asian Cup final against South KoreaArab Times
(MENAFN - Arab Times) NEWCASTLE Australia Jan 27 (AFP): Australia struck twice early on and then soaked up the pressure as they downed United Arab Emirates 2-0 to set up an Asian Cup final against ...

 Jan 28 2015 - Kuwait- 'First victims of terror Muslims'Arab Times
(MENAFN - Arab Times) KUWAIT CITY Jan 27 (AFP): French Foreign Minister Laurent Fabius called Tuesday for international cooperation against extremism saying Muslims have been the first victims of ...

 Jan 28 2015 - Kuwait to install hi-tech traffic monitoring systemArab Times
(MENAFN - Arab Times) KUWAIT CITY Jan 27 (Agencies): The Kuwait Municipality signed Tuesday a multi-million dinars deal with a foreign company to establish a world-class highly sophisticated system ...

 Jan 28 2015 - French FM underlines cooperation with Kuwait on mega dev projectsArab Times
(MENAFN - Arab Times) KUWAIT CITY Jan 27 (KUNA): Visiting French Foreign Minister Laurent Fabius envisioned at the opening of the Az-Zour South Power Plant here on Tuesday boosting cooperation ...

 Jan 28 2015 - Qatar, Guinea sign air transport agreementMENAFN
(MENFN) The Qatari Ministry of Transport said that it signed an agreement in the field of open skies air transport with its Guinean counterpart between the state of Qatar and the Republic of Guinea, ...

 Jan 28 2015 - Bahrain's Gulf Air invests USD20m on upgrading fleetMENAFN
(MENAFN) Bahrain's national carrier Gulf Air said that it has invested USD20 million to upgrade four of its Airbus A330s wide-body aircrafts, Gulf Daily News reported."Fitting this upgraded equipment ...

 Jan 28 2015 - Qatar to maintain high spending despite falling oil pricesMENAFN
(MENAFN) The Qatari Finance Ministry said that the country does not have any plans to decline its spending on the implementation of its development projects in infrastructure, education and health ...

 Jan 28 2015 - IS threatens to kill Japan hostage, Jordan pilot in 24 hoursGulf Times
(MENAFN - Gulf Times) The Islamic State jihadist group threatened Tuesday to kill a Japanese journalist and a Jordanian pilot within 24 hours unless Amman frees a jailed female militant. A video ...

 Jan 28 2015 - Jail terms for top Egypt liberal activists upheldGulf Times
(MENAFN - Gulf Times) An Egyptian court upheld three-year jail sentences yesterday for three prominent liberal activists, judicial sources said, after days of violence around the anniversary of the ...

 Jan 28 2015 - UN halts Gaza house repairs, lacking fundsGulf Times
(MENAFN - Gulf Times) The UN agency for Palestinian refugees said yesterday that it cannot afford to repair Gaza homes damaged in last year's war with Israel because donors have failed to pay. "The ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help