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Qatar will invest 4,720 million euros in Spain in the coming years

Qatar’s Emir Tamim bin Hamad Al Thani assured this Tuesday that his country was going to grow €4.72 billion ($5,000…

By admin , in news , at May 17, 2022

Qatar’s Emir Tamim bin Hamad Al Thani assured this Tuesday that his country was going to grow €4.72 billion ($5,000 million) The Arab country’s investment in Spain in the coming years is due to confidence in the “sustainability” of the Spanish economy.

Al Thani announced the amount in a speech at the gala dinner that King Felipe VI and Queen Letizia presented him and his wife at the Royal Palace in Madrid, attended by the President of the Government, Pedro SanchezWith whom Sheikh is going to sign the deal tomorrow by which Qatar begins a strategic ties with Spain, something it has with only seven other countries.

“It’s all proof Our belief in the power of the Spanish economy, Today I have directed the investment to increase to $5,000 million, which will add value to our already successful investments in Spain, taking into account that Qatar is recognized as one of the largest Arab investors in Spain ”, the Amir assured.

Al Thani, who It has not specified on which land these investments will be executedhighlighted the “deep friendship” that unites his country with Spain and the cooperation in recent years in areas such as energy.

coincides with the state visit of the emir gas supply crisis In Europe, due to the Russian invasion of Ukraine and the EU’s desire to increase imports from Qatar, as it is one of the world’s largest producers of this energy source.

Tonight’s grand dinner was the culmination of the first day of a state visit by Al Thani, the first to Spain since taking power in the tiny Persian Gulf country.

Guests at the dinner included presidents of companies including Iberdrola, Ferrovial, Aciona, Santander, El Corte Ingales and Naturgi, among others.

Qatar will invest 4,720 million euros in Spain in the coming years

2022-05-17 19:53:30