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
 May 28 2015 - HH the Emir Meets Indonesian FMQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani on Thursday met at his Emiri Diwan office with Foreign Minister of the Republic of Indonesia, Retno Marsudi, and the delegation currently ...

 May 28 2015 - Yemeni President Meets U.S. Assistant Secretary of StateQatar News Agency
(MENAFN - QNA) Yemeni President Abd-Rabbu Mansour Hadi met on Thursday with Anne Patterson, U.S. assistant secretary of state for near eastern affairs. They reviewed the efforts of the Yemeni ...

 May 28 2015 - Kuwait's Foreign Minister Meets Libyan CounterpartQatar News Agency
(MENAFN - QNA) Kuwait's First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah met here Thursday with the Libyan Foreign Minister Mohammed Aldayri on the sideline of ...

 May 28 2015 - Multiplex, CricOn register big victories in Power Horse T20 cricket tournamentKhaleej Times
(MENAFN - Khaleej Times) Multiplex and CricOn put on dominating performances to register comfortable victories in the Power Horse T20 cricket tournament at the Fair Ground Oval in Dubai Men's College ...

 May 28 2015 - Abdel Gawad and Evans win Sharm El-Sheikh International ChampionshipDaily News Egypt
(MENAFN - Daily News Egypt) Karim Abdel Gawad and Ali Farag met in an all-Egyptian final, with Abdel Gawad winning the Sharm El-Sheikh Squash International Championship title. Abdel Gawad won against ...

 May 28 2015 - Dubai to ease licensing for 'weekend doctors'Khaleej Times
(MENAFN - Khaleej Times) Dubai health authorities have eased licensing regulations for visiting professionals so as to give patients access to international and highly qualified, 'weekend ...

 May 28 2015 - Ramadan 2015 at Sequoia: Bringing out the beauty of nature, with an exotic feelDaily News Egypt
(MENAFN - Daily News Egypt) Over the years, Sequoia has been known for being one of the most popular restaurants in Cairo, bringing you the best of Mediterranean and oriental cuisine. Every year, ...

 May 28 2015 - Fashion designs need protection: ShayDaily News Egypt
(MENAFN - Daily News Egypt) Shay is one of the fashion designers who was introduced to the world of fashion through the Italian Fashion Academy. She studied design and marketing, and afterwards went ...

 May 28 2015 - Cairo Airport's Terminal 2 soft opening expected in NovemberDaily News Egypt
(MENAFN - Daily News Egypt) Cairo International Airport's Terminal 2 will witness its soft opening in November this year, with the official opening expected in March 2016.The soft opening comes as ...

 May 28 2015 - Egypt targets 20 million tourists by 2020: Tourism MinisterDaily News Egypt
(MENAFN - Daily News Egypt) Tourism Minister Khaled Rami presented his ministry's strategy to reach 20 million tourist by 2020, according to a statement after a press conference held by the minister ...

more...


 






Google

Click to Apply

 
 

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