Spain and Qatar commit to strengthening their relations

Spain and Qatar commit to strengthening their relations

José Luis Bonet, president of the Spanish Chamber of Commerce and the new Qatari ambassador to Spain, Abdalla Al-Hamar, have pledged to immediately intensify the economic and business relations between the two countries.

At present, Qatari investments in Spain are around 21,000 million dollars (17,398 million euros), a figure that could grow in the coming years by an additional 10,000 million dollars (8,284 million euros), particularly in the industrial sector.

According to the Qatari ambassador, its objective is to reach investment levels similar to those of other countries, such as the United Kingdom or France.

Along these lines, the representative of the Asian country pointed out during the meeting the interest of his country to strengthen ties with Spain, “a country in which we identify high potential and interest for Qatari investors.”

For his part, the president of the Chamber of Spain has stressed the importance of continuing to promote the internationalization of Spanish companies, since going abroad is a “primary lever” to overcome the current economic crisis caused by the pandemic.

In this sense, José Luis Bonet has shown his willingness to deepen the search for new opportunities for Spanish companies in a visit he will make to Qatar shortly.

Recently, Spain and Qatar have agreed to set up a “structured mechanism” to encourage “greater investment” in Qatar on Spanish soil, within the framework of the recovery plan against the pandemic developed by the Government of Pedro Sánchez.

This was confirmed by the Minister of Foreign Affairs, European Union (EU) and Cooperation, Arancha González Laya, in a press conference that he offered this Wednesday in Doha (Qatar), within the framework of the official visit that he is making to this country.

The head of Spanish diplomacy commented that this “structured mechanism” is a consequence of the “great interest” that the Qatari authorities feel in Spain and of the “great opportunity” they believe the recovery plan represents for “the transformation of our country into future”.

This announcement comes after González Laya herself took advantage of her official trip to Saudi Arabia yesterday to analyze with the Saudi authorities the possibilities to increase the investment of the Arab country in Spain within the framework of the recovery plan against the pandemic and using strategies joint venture.