Qatar and Spain have agreed to establish an institutional framework for co-operation to achieve common objectives.
This came in a joint statement issued on Thursday in Madrid on co-operation in the field of investment between Qatar and Spain after talks by HE the Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohamed bin Abdulrahman al-Thani and Spanish Prime Minister Pedro Sanchez.
The Qatar Investment Authority (QIA) and Compania Espanola de Financiacion del Desarrollo (the Spanish development finance company) will also submit a memorandum of understanding that will set guidelines and operational procedures to promote business and joint investment, the statement added.
QIA is owned by the State of Qatar and was established by Amiri Decision No 22 of 2005.
The mission of QIA is to invest, manage and develop Qatar's reserves to create long-term value for the state and future generations.
Established in 1988, the Spanish development finance company is owned by the Spanish public sector and it's a financial development institution designed to facilitate the internationalisation of Spanish companies while contributing to the development of host countries.
Source: Gulf Times
There are multiple advertising possibilities with the ILQ network, drop us an e-mail at [email protected] for inquiries!
If you have anything you want to share with us, send us an e-mail at [email protected]!
Want to send a tip? Drop us an e-mail at [email protected], anonymity is guaranteed!
You have successfully registered your account!Please confirm your e-mail address by clicking on the URL sent to you.The e-mail usually arrives in 5-10 minutes.
Salam! Welcome to our brand new site! Looking good huh?
We’ve got loads of cool new features and to help make sure your account is secure, you’ll need to reset your password the first time you log in.
New to ILQ? What are you waiting for? Sign up!
How ajeeb was that!? Thanks for contributing to our community! Your post will appear after we take a quick look!