Quotes: US 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.

 






  MENA News Headlines
 Aug 30 2014 - Syrian rebels attack peacekeepers in Golan HeightsArab News
(MENAFN - Arab News) BEIRUT: Clashes erupted between Al-Qaeda-linked Syrian rebels and UN peacekeepers in the Golan Heights on Saturday after the militants surrounded their encampment activists and ...

 Aug 30 2014 - World's first digital currency from Ecuador central bankArab News
(MENAFN - Arab News) QUITO: Ecuador is planning to create what it calls the world's first digital currency issued by a central bank which some analysts believe could be a first step toward abandoning ...

 Aug 30 2014 - Japan's 'Golden Bolt': 103-year-old challenges world's fastest manArab News
(MENAFN - Arab News) KYOTO Japan: Closing in on his 104th birthday a twinkle-toed Japanese sprinter has thrown down the challenge to the world's fastest man Usain Bolt telling him: 'let's ...

 Aug 30 2014 - Cricket: Sri Lanka overpower Pakistan to win ODI seriesArab News
(MENAFN - Arab News) DAMBULLA: Seamer Thisara Perera claimed 4-34 and Tillakartane Dilshan hit an unbeaten 50 as Sri Lanka trounced Pakistan by seven wickets in the final one-dayer on Saturday to ...

 Aug 30 2014 - EU's Barroso warns Ukraine crisis near 'point of no return'Arab News
(MENAFN - Arab News) BRUSSELS: EU Commission head Jose Manual Barroso warned on Saturday that the crisis in Ukraine was reaching the point of no return after reports Russian troops were fighting in ...

 Aug 30 2014 - Egypt court gives 8 Brotherhood leaders life sentencesArab News
(MENAFN - Arab News) CAIRO: A Cairo court has sentenced Muslim Brotherhood spiritual leader Mohammed Badie and seven others to life in prison on charges of planning riots murder and sabotage Egypt's ...

 Aug 30 2014 - Various projects enhance tourist potential in DuqmMuscat Daily
(MENAFN - Muscat Daily) The Special Economic Zone at Duqm is witnessing implementation of many tourism projects that strengthen the potentials of the zone to attract tourists and ...

 Aug 30 2014 - Ruthless activities of IS 'against islamic principles'Arab News
(MENAFN - Arab News) KOZHIKODE: The ISIS or their self proclaimed Khalifates/Islamic state does not represent Islam by any means Sheikh Aboobacker Ahmed general secretary of All India Sunni ...

 Aug 30 2014 - Back to school: Students aim to scale new heightsArab News
(MENAFN - Arab News) An estimated 5.6 million boys and girls will go to school in the Kingdom when schools reopen after the summer and Ramadan vacations on Sunday.In a statement to the Saudi Press ...

 Aug 30 2014 - Al-Asheikh: Name and shame fraudstersArab News
(MENAFN - Arab News) Grand Mufti Abdul Aziz Al-Asheikh called for drafting a list of those who are involved in forging real estate deeds valued at SR400 billion. 'Their names should be made public to ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help