Spain is looking to further strengthen business ties with the Philippines, with more than 20 firms from the European country joining the delegation that is exploring business opportunities in the Southeast Asian nation. | AldenMonzonINQ /PDI
“All of that is to look for new ways of cooperation [between] Spanish companies and Filipino companies,” she said.
These Spanish firms include water firm Acciona Agua, leading European construction company Acciona Construcción, and energy-oriented business Acciona Energia. Acciona is deemed a leader in the infrastructure and renewable energy sectors. One of the group’s most notable projects here is the construction of the 8.5-kilometer Cebu-Cordova Link Highway that connects mainland Cebu to Mactan island. The other firms include Almar Water Servicios España; Alsina Formwork Southeast Asia Corp.
Peña said that that both sides were looking at infrastructure projects, particularly the Philippines’ railway system, as well as possible investments in clean energy and water treatment.Sought for comment on how the Philippines ranks on Spain’s priority list in Asia, Peña said that it places high on its roster.
According to the Philippine Statistics Authority, Spain was the Philippines’ top supplier of agricultural commodities in 2021, with an import value of $333.49 million or a share of 20.6 percent to the total agricultural imports from European Union member countries. INQ
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