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1、Spain:a highly internationalized economy1Documents contentGlobal Market Access2Business ClimateSetting up a businessInfrastructure and TechnologyIncentives and TaxesHuman capital:ProductivitySkilled Labour ForceCompetitive CostsImmigrationQuality of life:Expat setting up3Business Opportunities4ICEX/
2、Invest in Spain5GDP comparison of major economic regions,USD trillionsWORLD:84.97EUROPE:20.90Germany:3.84France:2.62UK:2.70 Italy:1.88Spain:1.28OTHER COUNTRIES:0.55Russia:1.47ASIA AND PACIFIC:27.7Japan:5.04Korea:1.63ASEAN-5:2.60China:14.86India:2.66NORTH AMERICA:23.61USA:20.89Canada:1.64Mexico:1.07L
3、ATIN AMERICA and the CARIBBEAN:4.32Brazil:1.44OCEANIA:1.56Australia:1.35MIDLE EAST REGION:4.00AFRICA:2.33Sub Saharan Africa region:1.66Source:International Monetary Fund,2021.Data Referred to 2020.1.Spain:a highly internationalized economyNetherlands:0.911.Spain:a highly internationalized economySpa
4、in is the 15th-largest exporter of commercial services worldwide and the 19th-ranked exporter of merchandise trade.Commercial Services ExportsUSD BillionsMerchandise Trade ExportsUSD Billions20211United States of America7722United Kingdom4153China3914Germany3715Ireland3376France3027Netherland2458Ind
5、ia2409Singapore23015Spain118World5,99420211China3,3642United States of America1,7543Germany1,6324Netherlands8375Japan7566Hong Kong,China6707Korea,Republic of6448Italy6109France58519Spain383World22,328Source:World Trade Organization(WTO),2021.Last data available 2022Source:World Trade Organization(WT
6、O),2022.Last data available 20211.Spain:a highly internationalized economy1.Spain:a highly internationalized economy47,0034,9032,7029,4027,9018,4010,900,005,0010,0015,0020,0025,0030,0035,0040,0045,0050,00GermanySpainItalyFranceUnitedKingdomJapanUnited States62.8%11.0%4.7%5.5%5.7%2.5%5.4%0.5%1.9%1.Sp
7、ain:a highly internationalized economy11.5%11.5%11.5%11.5%7.1%7.1%16,516,517.5%17.5%10.4%10.4%12.3%12.3%11.0%11.0%2.2%2.2%1.Spain:a highly internationalized economy25.8%25.8%1.9%1.9%0.9%0.9%6.7%6.7%2.7%2.7%14.0%14.0%4.5%4.5%41%41%2%2%43.6%43.6%19.6%19.6%3.2%3.2%11.6%11.6%13.0%13.0%8.6%8.6%0.5%0.5%Sp
8、ain is the 2ndcountry worldwide in tourist revenues and the 1stin Europe.Spain ranks 2ndin tourist arrivals worldwide and 2ndin Europe.INTERNATIONAL TOURISMGENERATED REVENUE(Billion$)*Source:UNWTO Tourism Highlights,2020.*20 Data as collected by UNWTO November 2020.Spain received 83.5 million touris
9、ts in 2019INTERNATIONAL TOURIST ARRIVALS(Million)*Country20191.USA214.12.Spain79.73.France63.84.Thailand60.55.United Kingdom52.76.Italy49.67.Japan46.08.Australia45.78.Germany41.69.China35.8Country20191.France89.42.Spain83.53.USA79.34.China65.75.Italy64.56.Turkey51.27.Mexico45.08.Thailand39.89.German
10、y39.610.United Kingdom39.41.Spain:a highly internationalized economyEvolution of arrivals 2022Evolution of expenditure 2022Source:UNWTO 2023.1.Spain:a highly internationalized economy010,00020,00030,00040,00050,00060,00070,0002000022Productive InvestmentTotal Investm
11、ent1.Spain:a highly internationalized economyTop 10 Greenfield Destinations in the World 2022CountryProjectsCapexUSD M.Jobs created Companies1234678910Top 10 Innovative&High-End Greenfield Activities(*)Destinations in the World 2022CountryProjectsCapexUSD M.Jobs createdCompanies.Spain:a h
12、ighly internationalized economy55,248.29.7%2,471178,217571,842.6100%19,6681,765,6071.Spain:a highly internationalized economy1.Spain:a highly internationalized economy1.Spain:a highly internationalized economyForeign Direct Investment in Spain by Sector.Stock and Recent Trends 2018 2022Foreign Inves
13、tments Registry.Million Euro.SectorsTotal Stock*Investment Flows2002120229Source:Foreign Investments Registry.Ministry of Industry,Trade and Tourism 2023.Million Euro.(*)Stock 2021 data.1.Spain:a highly internationalized economy1.Spain:a highly internationalized economySource:FDI Markets,
14、2023.USD Million.1.Spain:a highly internationalized economySource:UNCTAD,WIR 2023.Source:UNCTAD,WIR 2023.Over 16,000 foreign companies in Spain across all economic sectors.70 of the FORBES Top 100 companies have branches and 90 out of 100 top R&D Companies has a subsidiary according to Thomson Reute
15、rs 1.Spain:a highly internationalized economySpain is the 9th-most open country to Foreign Investment according to OECDs FDI Restrictiveness IndexSource:OECD,2023.Data Referred to 20201.Spain:a highly internationalized economy0.0000.0500.1000.1500.2000.250New ZealandMexicoIcelandCanadaAustraliaKorea
16、IsraelAustriaUnited StatesNorwaySwitzerlandPolandOECD-AverageSwedenTrkiyeChileItalyJapanSlovak RepublicFranceIrelandBelgiumUnited KingdomDenmarkGreeceHungaryGermanySpainFinlandEstoniaNetherlandsCzech RepublicPortugalSloveniaLuxembourgSTATUTORY RESTRICTIONS OF FOREIGN DIRECT INVESTMENTEquity restrict
17、ion,Screening and approval,Key foreign personnel,Other restrictionsTotal FDI IndexIndex=1,maximum restrictionsMORE OPENMORE RESTRICTIVEGlobal Market Access1.Spain:a highly internationalized economySpain is also a suitable platform within the European market for doing business with North-African,Medi
18、terranean,and Middle East countries.Domestic market of over 46 million consumers:Spain has a GDP per capita(PPP)above the EU-27 average.2.Global Market AccessSource:World Bank,2023,data referred to 2021.Spain grants free access to the worlds largest market,theEuropean Union:more than 500 million con
19、sumersAdvantages of operating in the EU:Intra-European duty-free market.Free movement of goods and services,capital and persons.Single currency:EURO.Capacity for consumption of goods(selected countries)GDP per capitaCountryRKUSDUnited States1270,249Australia1960,443Germany2751,204Canada2551,988Unite
20、d Kingdom2846,510France3243,659Japan3639,313Italy3935,658Korea,Republic of4034,998Spain4530,104Russia8212.195China7912.556Mexico8910.046Brazil987.507India1572.257Africa&Middle East1.Spain:a highly internationalized economySpain has a wide network of contracts to avoid double taxation with numerous c
21、ountries.These contracts signed by two countries avoid or alleviate(minimize)territorial double taxation of the same income by the two countries.The best European platform for doing business with Latin America17 Agreements to Avoid Double Taxationin Central and South America:Argentina,Barbados,Boliv
22、ia,Brazil,Chile,Colombia,Costa Rica,Cuba,Dominican Republic,El Salvador,Ecuador,Jamaica,Mexico,Panama,Trinidad&Tobago,Uruguay and Venezuela.19 Agreements for Reciprocal Protectionand Promotion of InvestmentsArgentina,Colombia,Costa Rica,Cuba,Chile,Ecuador,ElSalvador,Guatemala,Honduras,Jamaica,Mexico
23、,Nicaragua,Panama,Paraguay,Peru,DominicanRepublic,Trinidad&Tobago,UruguayandVenezuela.Excellentcommunicationsandinfrastructure:Madrid concentrates around35%of total air traffic between Europe&Latin America.Agreements for Protection and Promotion of Reciprocal InvestmentsAgreements to Avoid Double Ta
24、xation2.Global Market AccessCommonBusinessandInstitutionalnetworkrelationships with historical,cultural and linguisticroots.Strongeconomicandbusinessties:Spanishcompanies have invested in strategic sectors in LatinAmerica(banking,utilities,communications and transport,building industry,airport manag
25、ement,etc.)Logistics and Good Communications:Spain is a majorconnecting hub for airlines traveling between America,Europe and the Middle East.There are an estimated 470 million Spanish speakerswith native competence which qualifies Spanish languageas second language by number of native speakers.Spea
26、kers in the Americas total some 418 million.In theUSA there are more than 50 million people working inSpanish.Most Latin American legal systems are based onSpanish civil law.Spanish Legal firms have strong localpresence in Latin America.Latin American multinational companies arechoosing Spain for th
27、eir European HQ.LATIBEX Index in Madrid Stock ExchangeSpain:Hub between Europe&America2.Global Market AccessSpanish companies are very active as investors in the world and are the 2nd largest investors in Latin America2.Global Market Access0510152025ARPPIs:Agreement on Reciprocal Promotion and Prote
28、ction of Investment.Source:Ministry of Industry,Tourism and Trade,2022 Argentina,Chile,Colombia,Costa Rica,Cuba,Dominican Republic,El Salvador,Guatemala,Honduras,Jamaica,Mexico,Nicaragua,Panama,Paraguay,Peru,Trinidad and Tobago,Uruguay,VenezuelaAlgeria,Egypt,Gabon,Equatorial Guinea,Libya,Morocco,Mau
29、ritania,Namibia,Nigeria,Senegal,TunisiaAlbania,Armenia,Azerbaijan,Belarus,Bosnia-Herzegovina,Georgia,Macedonia,Moldova,Montenegro,Russia,Serbia,Turkey,UkraineSaudi Arabia,Bahrain,China,Iran,Jordan,Kazakhstan,Kyrgyzstan,Kuwait,Lebanon,Malaysia,Pakistan,Philippines,South Korea,Syria,Tajikistan,Turkmen
30、istan,Uzbekistan,VietnamThe provisions and clauses usually contained in an ARPPI are:Fair and equitable treatment in accordance with international lawfulProtection and security and prohibition of unjustified and discriminatory measuresNon-discrimination:national treatment(NT)and most favored nation(
31、MFN)Expropriation,may only be adopted for reasons of public interest and through the payment of prompt,adequate and effective compensationBilateral treaties of a reciprocal nature that contain measures and clauses intended to protect,at the international law level,the investments made by investors o
32、f each State Party in the territory of the other State Party1.Spain:a highly internationalized economySpanish Companies are among Leading Companies in the WorldThe Indra-developed iTEC system manages more than seven millionflights annually across Europe with some of the worlds busiest and mostcomple
33、x airspace.Telefonica is one of the largest telecommunications companies in theworld(in terms of market capitalization and number of customers).Santander is the 3ndbank in the Eurozone and one of the first in the world(stock market capitalization)and BBVA now operates in 40 countries.Mapfre is the l
34、argest multinational insurer in Latin America and amongthe top 10 European insurance companies by premium volumeIberdrola isthe 4th-largest utility company in the world(in terms ofmarket capitalization)and the 2ndlargest wind power operator in USA.The Spanish infrastructure sector is a world leader
35、in foreign markets.ACS Group is the leading international contractor in the world in 2020,forthe ninth consecutive year,according to the ranking published by thespecialized publication Engineering News Record(ENR).Spanish construction companies stand out even more as leaders byrevenue from internati
36、onal companies in the United States,LatinAmerica,Caribbean and Canada.They dominate a third of theinternational U.S.market.6outof10WorldwideConcessionairesoftransportationinfrastructures are Spanish Companies.2.Global Market AccessMany Spanish companies have a strategic position in key sectors in La
37、tin America(ICT,energy,finance,infrastructures,)2.Global Market AccessIn addition,Spain has become the European Headquarters of Latin-American multinational companies doingbusiness in Europe and MENA countries.Some multinational companies have already been established in Spain to manage their operat
38、ions in LatinAmerica,directly or through joint ventures with Spanish companies.LATIBEX:the single international market for Latin American securities regulated by the Spanish Stock Market.Bradespar(Brazil)Banco Bradesco(Brazil)Braskem(Brazil)Copel(Brazil)Eletrobras(Brazil)Gerdau(Brazil)Petrobras(Braz
39、il)Usiminas(Brazil)Vale(Brazil)Cemig(Brazil)Alfa(Mexico)Amrica Mvil(Mexico)Banorte(Mexico)Corp.Geo(Mexico)Grupo Elektra(Mexico)Share Holding(Mexico)Grupo Azteca(Mexico)Banco Santander Rio(Argentina)BBVA Banco Francs(Argentina)Volcn Compaa Minera(Peru)2.Global Market AccessEuro-Mediterranean Associat
40、ion AgreementsAfrica&Middle East24 Bilateral Agreements to Avoid Double Taxation2.Global Market AccessSpain is also a suitable platform within the European market for doing business with North-African,Mediterranean,and Middle East countries.Key Role of the Spanish Canary Islands Special Zone(ZEC)as
41、a commercial and logistic hub with Africa Geoestrategiclocation:OntheSouthernmostborderoftheEuropean Union(EU)Strong historical and commercialties with Africa and AmericaTax benefits for ZEC entitiesAuthorizedbytheEuropeanCommission in January 2000Europes most beneficial tax regime(4%corporate tax r
42、ate).Excellent communications and services infrastructure.Interesting tri-continental logistic platform to Africa,Latin Americaand Europewww.zec.org2.Global Market AccessRegions among the most relevant Europes investment destinations for the future.Selected top ranking destinations according to fDi
43、MarketsSource:Special Report.fDi European Cities and Regions of the Future 2023.2.Global Market AccessCities among the most relevant Europes investment destinations for the future.Selected top ranking destinations according to fDi MarketsSource:Special Report.fDi European Cities and Regions of the F
44、uture 2022/2023.2.Global Market Accesso Setting Up a Businesso Infrastructure and Technologyo Incentives and Taxeso Human capital:Productivity,Skilled Labour Force and Competitive Costso Immigrationo Quality of life:Expat setting upo Setting Up a Business3.Business climate:Setting Up a Business Nati
45、onal Treatment:In Spain,foreign investors are accorded exactly the same treatment as Spanish investors,withno discrimination as regards the type or size of the investment.Foreign investments in Spain do not require,as ageneral principle,any prior authorization,nor do they require any kind of adminis
46、trative verification.Setting up a business in Spain is simple.There are a wide range of possibilities to match the needs of the differenttypes of investor who wish to invest in or from Spain.An international investor is free to choose between the numerousalternatives that offer the Spanish Law.MAIN
47、WAYS OF DOING BUSINESS IN SPAINSocietyThe most common forms used are the corporation(S.A.)and,principally,the limited liabilitycompany(S.L.)Branch It doesnt have own legal personality.Their activity and legal liability will be directly related to theparent companyJoint ventureAn Economic Interest Gr
48、ouping(E.I.G.)and a European E.I.G.(E.E.I.G.).A Temporary Business Association(“Unin Temporal de Empresas”or U.T.E.).Under a type of silent partnership arrangement peculiar to Spanish law(“cuenta en participacin”)Joint ventures through Spanish corporations or limited liability companies.Limited Liab
49、ility EntrepreneurPursuit of the activity directly by the individual where certain requirements are met.Directly:Without setting up a business or entering into an association with existing business or establishing a physical center of operations in SpainSigning a distribution agreement.Operating thr
50、ough an agent.Operating through commission agents.Franchising.Acquisition of assetsAcquisition of real estate located in Spain or acquisition of businessesVenture capitalInvestment in venture capital entities Transfer registered offices of foreign companies to Spain:Unlike other some national laws,t
51、he Spanish legislationbroadly admits the possibility for foreign companies to transfer its registered offices to Spain without affecting the legalpersonality of the company.Welcome programme for investment firms and other financial institutions:Spain is ready to welcome financialcompanies and instit
52、utions wishing to relocate their business to Spain.To this end,the Spanish Securities Regulator(CNMV)is developing a special program to facilitate and guide foreign financial companies and institutions through theauthorization process.Quick company setup:Significant reduction of the red tape to star
53、t a business.Express procedure for telematicformation of limited liability companies in 24 hours.Source:Ministry of Industry,Trade and TourismTelematic Formation of a SL:Average Time Less than 1 dayBetween 1 and 5 daysBetween 5 and 10 daysMore tan 10 days Limited Liability Companies with Standard By
54、laws22.45%36.16%17.75%23.64%Limited Liability Companies without Standard Bylaws24.14%25.86%20.69%29.31%Individual Entrepreneurs84.93%11.24%2.02%1.81%3.Business climate:Setting Up a Business o Infrastructure and Technology3.Business climate:Infrastructure&Technology In 2020 the two main Spanish airpo
55、rts(Adolfo Surez Madrid Barajas and Barcelona El Prat)ranked 4th and 5thpositions in Top 15 airports in EU-27 in terms of passengers carried.International flights in Spanish airports were operated by almost 600 airlines(AENA,2019).International airportsAir passenger transport between the main airpor
56、ts of Spain and their main partner airportsSource:Eurostat 2021.Data from 2021.Source:Eurostat,2021.*:COVID 19 Pandemic CountryThousands of passengers on boardSpain92,176,523Germany73,864,886France66,441,040Netherlands29,098,836Portugal22,304,163Switzerland19,293,409Poland16,015,198Norway14,659,512A
57、ustria11,187,400Denmark10,844,895Cyprus4,994,727Annual Comercial Passenger AirflightsDestination 20192020*Europe44,617,344-United Kindom28,725,9416,537,515Germany13,886,0333.772.900France16.287.2043,360,994Italy8,703,2252,426.014Netherlands6,175,1881,767,247Belgium Nor.America4,987,825697,912USA1,26
58、2,643356,008Mexico543,51638,719CanadaAsia509,37878,906China133,91823,065Japan68,62911,467SingaporeSouth America1,288,022318,884Argentina1,166,367291,575Brazil566,787185,679ChileSource:International Union of Railways.Updated 2020Railway NetworkSource:ADIF 2022High speed railways Spain is the 2nd larg
59、est worldwide in High-Speed Network and the European leader with more than 3,000km inservice,travelling at an average commercial speed of 222 km/h,higher than that of Japan(218 km/h)and France(216 km/h).And a total railway network over 15,500 km.According to The Global Competitiveness Report(World E
60、conomic Forum),Spain has one of the best indexes ofrailroad infrastructure Quality in the world,and one of the best subway systems in major cities.609092242543544495947358939211,1201,5712,7343,0413.33035,38805000000025000300003500040000DenmarkThe NetherlandsUnited KingdomSwitze
61、rlandMoroccoBelgiumPolandAustriaChinese TaipeiSaudi ArabiaTurkeyUSASouth KoreaItalyFinlandGermanyFranceJapanSpainChinaHigh-Speed Lines in the World(kilometers)In operation3.Business climate:Infrastructure&TechnologySpain is ranking second in the world after Canada in kilometers per capita of motorwa
62、ys.Road NetworkSource:Eurostat 2022.Last data available 2019*Last data available 20183.Business climate:Infrastructure&TechnologySource:Ministry of Public Works 202215,858*13,18311,6713,838*3,0653,0602,7902,1331,723.21,7431,6761,462*1,329*1,31002,0004,0006,0008,00010,00012,00014,00016,00018,000Spain
63、GermanyFranceUnited KingdomPortugalTurkeyNetherlandsSwedenHungaryAustriaPolandSwitzerlandDenmarkCroatiaTotal length of motorways(Km)Motorway networktoll motorwaysPort FacilitiesExcellent maritime connections,with 46 state-own ports on both the Atlantic and the Mediterranean coasts,with 3ports among
64、the Top-10 container ports in Europe(Valencia,Algeciras,and Barcelona).According to The Global Competitiveness Report(World Economic Forum),Spain has one of the best indexes ofQuality of port infrastructures in the world.Source:Puertos del EstadoSource:Lloyds Lists One Hundred Ports 20223.Business c
65、limate:Infrastructure&TechnologyStates portsOne Hundred Ports,2022.EU-27 CountriesRankCITYCountryTEU1RotterdamThe Netherlands 15.300.0002AntwerpBelgium12.020.0003HamburgGermany8.715.0004ValenciaSpain5.604.4785PiraeusGreece5.311.8106Bremen/BremerhavenGermany5.018.9007AlgecirasSpain4.799.4978Barcelona
66、Spain3.531.7629Gioia TauroItaly3.146.55310Le HavreFrance3.018.55011MarsaxlokkMalta2.967.76512GenoaItaly2.557.84713GdanskPoland2.117.829One Hundred Ports,2022.EU-27 CountriesExcellent infrastructure for Technology Business Development:More than 80 Technology Parks in Spain3.Business climate:Infrastru
67、cture&TechnologyTechnology Parks The Association of Scienceand Technology Parks ofSpain(APTE),hosts over8,000 companies.Source:Compilation based on information supplied by APTE(2021)The 30%of the innovative activity in Spaincomes from the technological centers.Thetechnologicalcentersarecharacterized
68、byprimarilycarryingoutactivitiestogeneratetechnologicalknowledge and R+D+i and development oftheir application.The main feature of the support centers fortechnological innovation is to facilitate theapplication of the knowledge generated in thedifferent organizations and research entities,through it
69、s intermediation between these andthe companies,providing support services fortechnological innovationSpanish Business and Innovation Centre Network(CEEI)3.Business climate:Infrastructure&TechnologySource:Socios FEDIT 2022Source:Compilation based on information supplied by Ministry of Science and In
70、novation,through the Secretary General of Innovation.Technology Household&Business PenetrationSource:ONTSI,2021.La Sociedad en Red.Transformacin Digital en Espaa.Annual Report 2019 and Annual Report 2018.Data from INE.ICT Infrastructures in Spanish Businesses by size of the companies,(%)ICT Househol
71、d equipment in Spain,(%)020406080100ComputerInternetconnectionInternetconnection&websiteSocialnetworksE-commercepurchasesE-commercesales 50 employees020406080100MobilephoneComputerFixed LineTelephoneInternetTablet20182019Source:ONTSI,2021.La Sociedad en Red.Transformacin Digital en Espaa.Annual Repo
72、rt 2019 and Annual Report 2018.Data from INE.3.Business climate:Infrastructure&Technology0.010.020.030.040.050.060.070.080.090.0100.0Percentage of fiber connection in total fixed broadbandSource:OECD Broadband Statistics,2021.Data from June 2021.Spain is one of the EU countries with the mostsignific
73、ant progression.Spain ranks 5thof 27 EUMember States in growth of Digital Economy andSociety Index(DESI)in 2021Fixed broadband connections reached 17 million(CNMC Annual Report 2020).3.Business climate:Infrastructure&TechnologySpain is the fourth OECD country with the fastestbroadband,reaching134.19
74、Mbps.(Uswitch-Global Broadband Index)According to data from the European Fiber toHome Council 2020,Spain has more installationsconnected to fiber(10,261)than the sum ofFrance,Germany,Italy and the United Kingdom.172.100 mobile telecom stations.The undersea cable network connects Spain to Europe,Afri
75、ca and from there to Asia and the American continent.The Mare Nostrum Supercomputer is the 5thfastest in Europe.Red IRIS is a high-capacity optics network aimed at the international academic community.Source:ONTSI Report 20201.60%1.28%1.15%1.05%0.94%0.79%UKSPAINEU28FRANCEITALYGERMANYTelecommunicatio
76、ns Gross Added Value related to GDP(2019)3.Business climate:Infrastructure&Technologyo Incentives and Taxes3.Business climate:Incentives&taxesSpains regional aid map defines the Spanish regions eligible for regional investment aid.The aid intensity is the maximum amount of State aid that can be gran
77、ted per beneficiary,expressed as a percentage of eligible investment costs.Main incentives for productive investmentThe European Commission has set out the rules under which Member States can grant State aid to companies to support the economic development of disadvantaged areas in the EU.Under the
78、revised guidelines,regions covering 66.29%of the population of Spain will be eligible for regional investment aid.The maximum aid intensities can beincreased:10%medium-sized companies20%small companies*Compilation based on 2022-2027 regional aid map for Spain(European Commission)The maximumaid inten
79、sity*50%30%15%-25%20%15%-20%15%The Centre for Industrial Technological Development(CDTI)has got a widerange of grants and loans at competitive low interest rate for technologicalprojects.The State Secretariat for Innovation in the Ministry of Economy andBusiness also offers support with grants and l
80、oans for technological projectsdeveloped by companies and public bodiesINVEST IN SPAIN/ICEX has developed a program for supporting foreigncompanies up to 200,000 for investments with a high degree of R&D incompetitive tendersThe National Innovation Company(ENISA)finances SMEs up to 1.5 million withp
81、articipative loans at a very competitive interest rate and where no-guarantee isrequired.The Public organization RED.ES promotes the IT activities of technologicalcompanies and start-ups financing investments in infrastructures,equipmentsand so on.Spain has got many Institutions that promote R&D inc
82、entives in different calls along the year3.Business climate:Incentives&taxesInvestments:The Official Credit Institute(ICO)supports the creation/investmentcarried out by companies and entrepreneurs with loans/leasing at alow rateThe Ministry of Industry,Trade and Tourism and the Ministry ofEconomy an
83、d Business support investments in equipment andinfrastructures with grants and loans for large and SMEs companiesThe Institute for Energy Diversification and Saving(IDAE)participatesdirectly in projects with loans at a low interest rateHuman Resources:The Ministry of Industry,Trade and Tourism and t
84、he Ministry ofEconomy and Business support investments in human resources,training and hiring personnel with grants and loansInstitutions that promote incentives3.Business climate:Incentives&taxesIncentives for hiring people3.Business climate:Incentives&taxesThe International analysis shows that Spa
85、in is a country with relatively moderate ratio between Tax Revenues(Including Social Security Contributions)and GDP(39%GDP).3.Business climate:Incentives&taxesLower effective rate based on taxes allowances on incentives reductions fro investments,employment and R*D activities.Corporate Income Tax Ra
86、te:25%48.847.046.043.743.643.543.142.442.041.741.540.239.939.038.537.737.636.236.036.035.835.134.00.010.020.030.040.050.060.0Favourable Taxes for Foreign workers and Capital Investors Spain does not charge withholding tax on interest and dividends paid to EU recipients.Participation Exemption System
87、:dividends or profit participations from business activities carried out abroad throughsubsidiaries or branches and the gains obtained from the transfer of these securities are 95%tax exempt in Spain if theSpanish company holds a participation of at least 5%in the non-resident company.Favorable tax
88、incentive for foreign workers:fixed rate during the first 6 years in their PIT of 24%(up to 600,000 maximum)and 45%for income above 600,000.Dividends,Interests and Capital Gains generated abroad will not be taxed intheir PIT.These kind of income are only taxed for savings in Spain at a rate between
89、19 and 23%Corporate Income Tax Rate%Portugal31.50 Germany29.94 France28.41 Italy27.81 Belgium25.00 Netherlands25.00 Spain25.00 Sweden20.60 Poland19.00 Ireland12.50 Portugal31.50 VAT(Standard Rate)%Sweden 25.00 Portugal 23.00 Poland23.00 Ireland23.00 Italy22.00 Belgium21.00 Netherlands21.00 Spain21.0
90、0 France20.00 Germany19.00 Sweden 25.00 Source OECD 2021Tax-neutralregimeforcorporatereorganizations:There is a special Corporate Taxregime for mergers,spin-offs,contributions in kindand exchanges of shares,among others.Thisspecial regime aims at achieving tax neutrality oncorporate restructuring op
91、erations.3.Business climate:Incentives&taxesFor example,in Spain,1 unit of R&D expenditure by large firms results in 0.33 unit of tax relief.3.Business climate:Incentives&taxesTax Incentives for Internationalization1.Participation Exemption system:dividends or profit participations from business act
92、ivities carried on abroadthrough subsidiaries or branches and the gains obtained from the transfer of these securities are tax exempt inSpain if the Spanish company holds a participation of at least 5%in the nonresident company.2.Favourable tax regime for non-resident employees assigned to Spain(inb
93、ound expatriates):fixed rate of24%(up to maximum of 600,000).3.Goodwill depreciation.Goodwill can be amortized with the maximum annual limit of one-twentieth their amount.4.Neutral tax regime for restructuring operations:In order to facilitate corporate reorganizations,the Spanishtax system provides
94、 for a well-established special regime based on the principles of non-intervention by the taxauthorities and tax neutrality,5.Spain has Double Taxation Agreements with 96 countries.Spain has a significant Network of DoubleTaxation Agreements,particularly with countries in Latin America.Under these t
95、reaties,residents in foreigncountries are taxed at a reduced rate,or are exempt from Spanish taxes on certain items of income they receivefrom sources within Spain.6.Special Tax Regime applicable to Holding companies:.Foreign Securities Holding Companies(in Spanish,ETVE)3.Business climate:Incentives
96、&taxesSpain has tax treaties with 94countries/territories.Under these treaties,residents inforeign countries are taxed at areduced rate or are exempt fromSpanish taxes on certain items ofincometheyreceivefromsources within Spain.Thesereducedratesandexemptionsvaryamongcountries and specific items ofi
97、ncome.Agreements to avoid Double TaxationAMERICAEUROPEASIAAFRICANORTHEU MEMBERSNON EU MEMBERSUSACanadaMexicoGermanyFranceItalyNetherlandsSwedenPoland BelgiumAustriaFinlandGreecePortugalIrelandCzech RepublicRomaniaHungarySlovakiaLuxembourgCroatiaBulgariaSloveniaLatviaLithuaniaEstoniaCyprusMaltaRussia
98、TurkeySwitzerlandNorwayUkraineBelarusUnited KingdomGeorgiaSerbiaBosnia-HerzegovinaIcelandAlbaniaArmeniaMacedoniaMoldovanAndorraChinaJapanSouth KoreaHong Kong.ChinaAustraliaNew ZealandIndonesiaThailandMalaysiaSingaporePhilippinesVietnamEast TimorIndiaPakistanSaudi ArabiaUnited Arab EmiratesKuwaitQata
99、rIranOmanIsraelKazakhstanUzbekistanTurkmenistanTayikistanKyrgystanAzerbaijanSouth AfricaNigeriaEgyptAlgeriaMoroccoTunisiaSenegalCabo VerdeCENTRALCENTRALCubaDominical RepublicCosta RicaPanamaTrinidad and TobagoEl SalvadorJamaicaBarbadosSOUTHSOUTHBrazilArgentinaColombiaVenezuelaChileEcuadorBoliviaUrug
100、uay3.Business climate:Incentives&taxesForeign Securities Holding Companies:ETVEs1.Foreign Securities Holding Companies(in Spanish,ETVE)is a Special Tax Regime applicable to Holding companies.a)No taxation on paid-in dividends.b)No taxation on paid-in capital gains.c)No taxation on paid-out dividends
101、/gains.d)Stable and reliable regime.e)Wide tax treaty network(96 treaties to avoid double taxation).2.The attractiveness of ETVEs goes beyond the pure Tax Holding Regime.The ETVE regime is an opportunity forinternational investors to channel their outbound investments(in Europe,LATAM and other count
102、ries)through SpanishHoldCos.EUR millions Source:Foreign Direct Investments Registry.Ministry of Industry,Trade and Tourism3.Business climate:Incentives&taxesMain investors in Spanish ETVEsTaxesFISCAL BURDEN IN EUROPETotal receipts from taxes and social contributions(including imputed social contribu
103、tions)after deduction of amounts assessed but unlikely to be collectedValue added type taxes(VAT)Taxes on individual or household income including holding gainsTaxes on the income or profits of corporations including holding gainsExcise duties and consumption taxes Taxes on land,buildings and other
104、structures Taxes on capital transfers Net social contributors COUNTRYGDPCOUNTRYGDPCOUNTRYGDPCOUNTRYGDPCOUNTRYGDPCOUNTRYGDPCOUNTRYGDPCOUNTRYGDPDenmark47,60%Croatia12,60%Denmark26,90%Cyprus5,90%Bulgaria4,50%France2,80%France0,70%Germany18,10%France47,50%Denmark9,90%Iceland15,80%Luxembourg4,80%Croatia4
105、,20%Iceland2,30%Belgium0,60%Slovenia 17,20%Belgium46,20%Hungary9,80%Sweden14,80%Malta4,60%Greece3,60%Greece1,80%EU-270,30%France17,10%Sweden43,6%Finland9,30%Finland12,60%Belgium3,30%Latvia3,60%Denmark1,40%Bulgaria0,30%Belgium16,30%Italy43,00%Bulgaria9,20%Italy12,60%Ireland3,20%Finland3,40%Belgium1,3
106、0%Denmark0,30%Austria16,10%Austria42,60%Sweden9,20%Belgium11,80%Czechia3,10%Poland3,30%Spain1,20%Germany0,30%Czechia16,00%Finland42,00%Estonia9,10%Norway11,30%Netherlands3,10%Lithuania3,10%Italy1,20%Netherlands 0,30%Slovakia15,70%Germany41,50%Norway9,10%EU-27 9,90%Slovakia3,0%Slovenia3,00%EU-271,10%
107、Findland0,30%Greece15,40%EU-2741,30%Latvia8,60%Luxembourg9,80%Sweden3,0%Slovakia3,00%Netherlands0,90%Iceland0,30%EU-2714,60%Greece41,30%Portugal8,40%Germany9,70%Portugal2,80%Romania2,80%Poland0,80%Spain0,20%Poland14,60%Netherlands40,20%Cyprus8,30%France9,60%France2,70%Hungary2,70%Portugal0,80%Malta0
108、,20%Spain14,50%Luxembourg39,90%Poland8,00%Austria9,40%Denmark2,60%France2,50%Croatia0,70%Switzerland0,20%Netherlands14,10%Norway39,50%Lithuania7,90%Netherlands9,00%EU-272,40%Cyprus2,50%Sweden0,70%Ireland0,10%Italy13,80%Slovenia37,90%Iceland7,90%Spain8,80%Norway 2,40%Italy2,40%Latvia0,60%Greece0,10%P
109、ortugal12,80%Portugal37,60%Greece7,80%Malta7,80%Croatia2,30%Belgium2,20%Slovenia0,50%Luxembourg0,10%Estonia12,70%Spain37,50%Austria7,50%Lithuania7,10%Poland2,30%Sweden2,10%Germany0,40%Croatia0,00%Luxembourg12,60%Croatia37,30%Slovenia7,50%Portugal7,00%Germany2,20%Norway2,10%Hungary0,40%Italy0,00%Croa
110、tia11,90%Poland36,60%Czechia7,40%Ireland6,60%Iceland2,20%Spain2,00%Slovakia0,40%Cyprus0,00%Romania11,90%Hungary36,40%Slovakia7,40%Greece6,30%Bulgaria2,20%Malta2,00%Norway0,40%Latvia0,00%Finland11,60%Czechia36,10%Netherlands7,30%Estonia6,20%Austria2,10%Portugal2,00%Bulgaria0,30%Lithuania0,00%Norway11
111、,40%Iceland36,00%France7,00%Latvia6,10%Finland2,10%EU-271,90%Ireland0,30%Hungary0,00%Cyprus11,20%Slovakia35,30%EU-276,90%Slovenia5,40%Italy2,10%Austria1,90%Romania0,30%Austria0,00%Hungary11,20%Cyprus34,60%Germany6,60%Hungary5,30%Spain2,00%Czechia1,80%Czechia0,20%Poland0,00%Lithuania10,70%Estonia34,4
112、0%Belgium6,50%Poland5,30%Slovenia1,90%Denmark1,70%Estonia0,20%Portugal0,00%Latvia10,50%Latvia32,00%Malta6,50%Czechia4,20%Romania1,90%Iceland1,30%Cyprus0,20%Romania0,00%Bulgaria9,20%Lithuania31,20%Spain6,30%Slovakia3,80%Estonia1,70%Germany1,10%Lithuania0,20%Slovenia0,00%Switzerland7,00%Bulgaria30,60%
113、Romania6,10%Croatia3,60%Lithuania1,60%Netherlands1,10%Austria0,20%Slovakia0,00%Malta6,40%Malta30,40%Italy6,00%Bulgaria3,50%Greece1,20%Switzerland0,50%Luxembourg0,10%NorwayNo DataIreland4,00%Switzerland27,70%Luxembourg5,80%Cyprus3,40%Hungary1,20%Ireland0,20%Switzerland0,10%EstoniaNo DataSweden3,40%Ro
114、mania27,10%Ireland3,40%Romania2,0%Latvia0,70%Luxembourg0,10%MaltaNo DataCzechiaNo DataIceland3,00%Ireland20,80%Switzerland3,10%EstoniaNo DataFinlandNo DataSwedenNo DataDenmark0,80%Source:Eurostat May 2022.Last data available 2020.3.Business climate:Incentives&taxeso Human Capital:Productivity,Skille
115、d Labour Force and Competitive Costs.Labour Market Reform:Flexibility&Efficiency in the labour marketFostering Labour flexibility and productivity at company level.Fostering Permanent hiring.Collective dismissals without administrative authorization are allowed for firms posting falling profits fort
116、hree or more consecutive quarters and elimination of procedural wages.Convergence and reduction of dismissal costs in line with EU(27)average.Fair dismissal:severance pay of 20 days per year,up to 12 months.Unfair dismissal:severance pay of 33 days per year,up to 24 months.Special Regime for High Le
117、vel Professionals:amount agreed in the contract.Fair dismissal:severance pay of 7 days per year,up to 6 months.Unfair dismissal:severance pay of 20 days per year,up to 12 months3.Business climate:Human capitalEmployment trends in Spain3.Business climate:Human capital3.Business climate:Human capitalS
118、ource Eurostat 202350.746.843.540.8 40.540.139.539.037.935.930.529.423.523.119.416.4 16.4 16.115.614.514.013.10.010.020.030.040.050.060.0/hourSpain occupies a great position inEurope in number of persons withtertiaryeducation,incomparisonwiththebiggestEuropeaneconomies.Labour costs in Spain are much
119、 more competitive than in other main European economies.According toEurostat and German statistics Spain labor cost are between 20 and 40 per cent lower,more competitive,thanthose existing in France,Netherlands,Germany and Ireland.Human Capital:Highly skilled labor force3.Business climate:Human capi
120、talVariation for labour cost growth more competitive than main European economiesUnit Labour Cost(Index 1999=100)Source:Presentation Kingdom of Spain:December 2022-Treasury of the Kingdom of Spain3.Business climate:Human capital859095992000200042005200620072008200920
121、000022GermanyEASpainFranceItalyNetherlands86.993.293.994.599.2100.1Spain has the lower employee compensation in comparison with main European economies3.Business climate:Human capitalProductivity:At European level,Spain has a labour productivity per person employed s
122、imilar to the rest of the major countries.Real Productivity(Index 1999=100)Source:Presentation Kingdom of Spain:December 2022-Treasury of the Kingdom of Spain3.Business climate:Human capital85909552000420052006200720082009200001920202
123、0212022GermanyEASpainFranceItalyNetherlands109.1113.3114.896.7111.8113.8Social Security CostsEmployer contribution rate:31.9%in case of permanent contract and office work.Incentives for certain hiring and training contracts applied to reduce employer Social Security Contributions.If the monthly sala
124、ry is higher than the maximum contribution base,the Social Security rate applies to this maximum contribution base,where the effective rate is lower.Source:Ministry of Employment,Migrations and Social Security3.Business climate:Human capitalExample of Employers Social Security Contribution:If a comp
125、any hires a worker with a salary of30,000,the total employer contribution to Social Security is 797.5 per month.3.Business climate:Human capitalThere are more than 500 degree-programs and more than 400 Master programs held in English in Spanish universities.Spain is the first country in Europe recei
126、ving foreign students under ERASMUS+program,with 40,000 students.3.Business climate:Human capitalIn Spain there are 86 Universities,including public and private ones.3.Business climate:Human capitalSpain Business Schools are among the most renowned in the academic worldGlobal MBA Ranking 2022Europea
127、n Business SchoolsRankSchool nameCountry1InseadFrance/Singapore2London Business SchoolUK3Iese Business SchoolSpain4HEC ParisFrance5SDA Bocconi School of ManagementItaly6University of Cambridge:JudgeUK7IMD Business SchoolSwitzerland8University of Oxford:SadUK9Imperial College Business SchoolUK10Esade
128、 Business SchoolSpain11IE Business SchoolSpain13ESCP Business SchoolFrance/UK/Germany/Spain/ItalySource:Financial TimesHuman Capital:Talent Pool According to the SCImago Journal&Country Rank,Spain ranks 11 in scientific publications during the period 1996-2021 In 2021,there were published 122,688 do
129、cuments,1.12%more than 2020.Spain highlights in Arts&Humanities(4thof 231 countries),Social Sciences(4th),Health Professions(6th).As a fact to take into account,Spain ranks in the top 10 in 15 out of 27 different categories.3.Business climate:Human capitalo Immigration 3.Business climate:Immigration
130、THE PROCEDURES10 days for visas and 20 days for authorizationsA single authorization for living and working in SpainValid for the whole of SpainThe family will be able to apply at the same timeGENERAL REQUIREMENTS Not being in an illegal situation in SpainBeing 18 years old or olderNot having crimin
131、al recordsPublic or private health insurance in Spain Enough economic resources.VISA AND AUTHORIZATION CONCESSIONS FORInvestors EntrepreneursHighly qualified professionalsScientists and researchersIntra-corporate transferred employeesFreedom to live in Spain:Granted residence and work permits author
132、ization Benefits of the Schengen visa:freedom of movement within the member statesReal Estate500.000 Spanish Companies1 mill.Bank Deposit1 mill.Public Debt2 mill.Source:https:/extranjeros.inclusion.gob.es/es/unidadgrandesempresas/ley14_2013/index.htmlInternational mobility is based on an agile and s
133、pecialized new legal framework for visa andauthorization concessions.o Quality of Life:Expat Setting Up Source:The InterNations Survey Expat City Ranking 20223.Business climate:Quality of Life:Expat Setting UpIn addition to looking at livability or tourism appeal,the main Spanish capitals are among
134、the cities that are most desirable for locals,visitors,and businesspeople alike.3.Business climate:Quality of Life:Expat Setting UpWorlds Best Cities,2021.EU-27 citiesRankCityRankCity1Paris17Brussels2Barcelona18Valencia3Madrid19Hamburg4Rome20Warsaw5Amsterdam21Athens6Berlin22Helsinki7Vienna23Oslo8Pra
135、gue24Stockholm9Milan25Lyon10Dublin26Marseille11Budapest27Goteborg12Munich28Bilbao13Frankfurt29Seville14Lisbon30-15Naples31-16Copenhagen32-Source:Resonance ConsultancyThe Spanish cities have a moderate cost of living compared to their matching peers worldwide.Cost of Living 2020,Top-10 WorldwideRankC
136、ityCountry1Hong KongHog Kong(Sar)2AshgabatTurkmenistan3TokyoJapan4ZurichSwitzerland5SingaporeSingapore6New York CityUnited States7ShanghaiChina8BernSwitzerland9GenevaSwitzerland10BeijingChina87MadridSpain102 BarcelonaSpainCost of Living 2020,European CitiesRankCityCountryRankCityCountry1ZurichSwitze
137、rland26BirminghamUnited Kingdom2BernSwitzerland27StuttgartGermany3GenevaSwitzerland28StockholmSweden4LondonUnited Kingdom29AberdeenUnited Kingdom5CopenhagenDenmark30AthensGreece6DublinIreland31BratislavaSlovakia7MilanItaly32GlasgowUnited Kingdom8ParisFrance33TallinnEstonia9ViennaAustria34LjubljanaSl
138、ovenia10AmsterdamNetherlands35BelfastUnited Kingdom11RomeItaly36ZagrebCroatia12MunichGermany37NurembergGermany13HelsinkiFinland38VilniusLithuania14OsloNorway39LeipzigGermany15FrankfurtGermany40TiranaAlbania16BrusselsBelgium41LimassolCyprus17BerlinGermany42WarsawPoland18LuxembourgLuxembourg43Budapest
139、Hungary19MadridSpain44BakuAzerbaijan20PragueCzech Republic45BucharestRomania21BarcelonaSpain46SofiaBulgaria22LisbonPortugal47BelgradeSerbia23HamburgGermany48AlmatyKazakhstan24RigaLatvia49MinskBelarus25LyonFrance50SkopjeNorth MacedoniaSource:Mercers 2020 Cost of Living SurveySource:Mercers 2020 Cost
140、of Living Survey3.Business climate:Quality of Life:Expat Setting UpThe Spanish cities have a moderate cost of living compared to their matching peers worldwide.Source:Mercers 2023 Cost of Living Survey3.Business climate:Quality of Life:Expat Setting UpBarcelona(Spain)RankCityLocation3ZurichSwitzerla
141、nd4GenevaSwitzerland5BaselSwitzerland7BernSwitzerland9CopenhagenDenmark25ViennaAustria28AmsterdamNetherlands33PragueCzech Republic34HelsinkiFinland35ParisFrance37BerlinGermany38MunichGermany41BrusselsBelgium46The HagueNetherlands48FrankfurtGermany49MilanItaly51DublinIreland59RomeItaly60OsloNorway62H
142、amburgGermany64RigaLatvia69StuttgartGermany74DusseldorfGermany75BarcelonaSpain83MadridSpainCost of Living 2020,European CitiesThere are currently 306 International Schools in Spain,including 243 English spoken Schools,24 French Schools and 16 German Schools,among others.3.Business climate:Quality of
143、 Life:Expat Setting Up5250204060800180200English(UK)English(USA)FrenchGermanSwedishItalianNorwegianJapaneseOtherLanguagesSource:Ministry of Education and Vocational Training.January 2023.Note:Other Languages include:Finnish,Dutch,Arabic and Portugese.Curriculum in International
144、 Schools in Spain,2023International SchoolsAlmost 77%have their curriculums in English(UK and US).The following language is French with almost 9%.Madrid Region accounts for 30%of International Schools in Spainwith a total of 84 where 10 have different curriculums.In Spain,Education isa fundamentalri
145、ght enshrined in theConstitution and all people can access to the Educational Systemwithout being Spanish citizens.The Education System is universalandfreebetween3and16years-PrimaryandSecondaryeducation.English language is a compulsory subject in all of them.There are public and private Schools with
146、 special arrangements andincluding itinerary and subjects in English-bilingual teaching-.The Spanish Education System is open to foreigner and expatriateexecutives children.Total SpainTotal Spain279Andaluca57Aragn2Asturias(Principado de)1Balears I.19Canarias I.20Cantabria0Castilla-La Mancha0Castilla
147、 y Len3Catalua29C.Valenciana41Extremadura0Galicia4Madrid Region84Murcia Region11Navarra2Pas Vasco4Rioja(La)23.Business climate:Quality of Life:Expat Setting UpWith large communities of many different nationalities,Spain is known for its highly cosmopolitan character.On average,12.2%of the Spanish re
148、sidents are foreign-born,a figure that rises to 16-17%in regions like Madrid or CataloniaOutstanding&modern health system with very high standardsFavourable fiscal regime for expatriatesLaw enforcement:Assurance&stability in business and social lifeExcellent climate,first-class gastronomy,wide range
149、 of cultural and leisure activitiesSpain,striking country in terms of quality of life for ex-pats3.Business climate:Quality of Life:Expat Setting Upo Automotiveo ICT(Information and Communication Technologies)o Biotechnology,Pharmacy and Life Scienceso Aerospaceo Logistics and Transporto Energy,Envi
150、ronment and Water Treatmento Chemical Industryo Nanotechnologyo Agro-foodo Real Stateo Tourism and Leisureo Natural Resourceso Rextile&RetailInvesting in AutomotiveWhy Spain for Automotive?Competitive Advantages.SPAIN is a key Player in the European Car Industry.2ndlargest manufacturer in the EU and
151、 9thworldwide.Productive and flexible manufacturing plants.High Investment committed by Main Car manufacturers.Complete and innovative industrial supply chain and Auto Parts Industry.Availability of highly qualified human resources.High public and private investment in Professional Training.Leadersh
152、ip in European Industrial Innovation-Mobility Sector.Privileged Export Platform towards EU,Latin America,North Africa.Logistics Infrastructures for Auto Industry.Open Country for Foreign Investment.Public Support for Business Development.4.Business opportunities:Automotive2.82 million vehicles(2.27
153、Mill 2020)103bn Turnover*OEM+Autoparts 10%PIB OEM+Autoparts 2 Million jobs 4bn/year Investment10%of industrial R&D&I82%vehicles exported17%Spanish Exports 14.1b trade surplus OEMs(2019)High productivity/employeeSource:ANFAC SERNAUTO annual report 2019 Secretariat of State for R&D&IMotor Industry:Str
154、ategic sector for the Spanish Economy *OEMS autoparts ncluding distribution,financing,and relates activities OEMS+AUTO-PARTS 2nd car manufacturer in Europe 9th worlwide 9 brands with 17 plants 1,000 Auto Parts companies 10 automotive clusters 34 Technology Centers4.Business opportunities:Automotive7
155、37 models-18 exclusive production 2019 Made in Spain vehicles4.Business opportunities:AutomotiveSpains Vehicle productionSource ANFAC Spanish Association of Car and Trucks Manufacturers 0500.0001.000.0001.500.0002.000.0002.500.0003.000.000Production(units)Exports(units)Spanish Production and Exports
156、 of vehicles(units)2.82 Million vehicles 69.5bn turnover 3%of global production 12%European market share 5.5 Million vehicles transported 419,562 additional units/year 270,177 additional units/year 17.5%growth in production.13.2%growth in exports.2.209.497 Passenger cars 574.431 Industrial and comme
157、rcials.38,522 pick ups4.Business opportunities:AutomotiveSources:ANFAC,ICEX-Invest in Spain Ministry of Economy and Business(dataInvex)FDI markets Industrial Plans approved by OEMs for Spanish plants 4bn average annual investment(OEMS Auto-Parts).3bn record investment by OEMs in 2018.10%of total ind
158、ustrial investment in R&D&I.1,500 new industrial robots/year.55%of Spains park of robots.15 new models awarded to Spanish Plants in 2018-19.4.Business opportunities:AutomotiveSource:SERNAUTO(Spanish Association of Automotive Parts and Accessories Manufacturers).Report 2019 www.Sernauto.es.1,000 comp
159、anies with a turnover of 37.2 bn 57%of Spanish Auto Parts exported to 150 countries 21,415 Million230,100 people directly employed,total employment 372,8005,400 new jobs in automotive providers industry in 20182.2bn Industrial Investment.1.5bn Investment in R&D&i 4.2%of turnover.4.Business opportuni
160、ties:Automotive2/3 of the EU mobility Projects with Spanish ParticipationSpanish Automotive and Mobility Technology Platform Move to Future Reinforcing the R&D structure of the sector 203 Companies,Universities and Technology Research Centers working in priority R&D&I lines:Alternative fuels and pro
161、pulsin Systems Safe and autonomous driving Materials and weighlighting Fabrics of the FutureR&D,standardization,talentSource:Spanish Automotive and Mobility Technology Platform www.move2future.es LINES AND PROJECTS Strategic R&D&I agenda 4.Business opportunities:AutomotiveSpain committed to EU Strat
162、egy for Transport and Mobility:SMART,SAFE,SUSTAINABLE TRANSPORTSpanish Technological Strengths among others:Powertrain R&D&i,specially concerning natural gas engines.Battery tecnology:litium-ion and metal/air batteries production assembling and recycling.Electronics and Grid Integration Advanced Mat
163、erials:multifunctional materials,nano-composites,graphene.Charging Infrastructures Safety,Automated driving:Spain Lab-country for open drive testing.Favourable regulation and agile permits.Excellence in Engineering,testing and homologation of vehicles and parts.Spains ICT industry with 34.000 compan
164、ies employing 496.000 technicians leaders in tematics related with new mobility:Intelligent transport systems,electronics and sensorics,connectivity,data analytics,cybersecurity,traffic managementSources:Spanish Automotive and Mobility Technology Platform M2F-Corporative Sources4.Business opportunit
165、ies:AutomotiveIndustrial innovation and smart mobility8 Full electric and Hybrid Made in Spain vehicles by:GROUPE PSA,NISSAN,RENAULT,IRIZAR,DAIMLER,FORD,HISPANO SUIZA New BEV PHEV models awarded for 2019-2020:OPEL CORSA-E;PEUGEOT 2008 EV;RENAULT MEGANE;RENAULT CAPTUR(PHEV)-CUPRA FORMENTOR(PHEV by SE
166、AT)-FORD KUGA(PHEV-HEV)9 models with GAS propelled versions:Groupe PSA-OPEL;SEAT;IVECOStrategic investment in new components and R&D as example:RENAULT BATTERY MANUFACTURING FOR HYBRID(Valladolid)GESTAMP BATTERY BOX FICOSA-PANASONIC NEW LABORATORY E-MOBILITY IN VilladecavallsCTAG TECHNOLOGY CENTER O
167、F GALICIA BATTERY R&D UNITANTOLIN INTEGRATOR SMART COMPONENTS INTERIORS CLUSTER CAAR 25 Million Investment in new components for EV FORD New Plant for Battery assembly for the new KUGA(PHEV AND HEV versions)Green Mobility Spains Industrial capabilities4.Business opportunities:Automotive2020 Success
168、stories:Investment ProjectsSEAT(VW group)Investment of 5bn by 2025 July 2020:SEAT is going to invest 5 billion from 2020 to 2025.The investment will go towards new R&D projects for vehicle development at SEATs Technical Centre,specially to electrify the range,and to equipment and facilities at the M
169、artorell,Barcelona and Components plants.With this investment,SEAT is preparing to develop new models and take on the production of new projects to ensure employment and boost the companys future.SEAT President Carsten Isensee underscored that“this investment plan is our way of dealing with the futu
170、re with determination and optimism,so that we will have a stronger,more innovative and more sustainable company.Our willingness is that Martorell will manufacture electric vehicles from 2025 onward,when the electric vehicle market will have grown.”The President of SEAT also noted that“our goal is to
171、 drive the transformation of the automotive sector in Spain.To ensure the future of the car industry in Spain we need the collaboration of the central,regional and local Administrations4.Business opportunities:AutomotiveSEAT(VW group)2018-2019 Investment of 57Million in its plant of Barcelona free t
172、rade zone,in two new stamping lines and a new press that will allow a 15%increase in the production of parts.Last year the plant manufactured 52 million parts for VW group.2019 NISSAN brings forward its planned investment to transform its Avila plant Nissan hasdecided to speed up the transformation
173、of its Avila plant into a center specializing in the manufactureand distribution of spare parts for its partnership with Renault and Mitsubishi.The figures speak forthemselves:one year after the presentation of its industrial plan at the end of May,the company hadalready invested 11 million euros.Ac
174、cording to the press release issued at that time,it plans to investanother 20 million euros until the end of 2019.With a total budget of 40 million euros,the cumulativeinvestments to the end of the year would represent 31 million euros,almost 80%of the totalFORD 2019 has announced its project to cre
175、ate battery assembly facilities for electric vehicles in itsmanufacturing plant in Almussafes(Valencia),which will enable the company to optimize itsinvestments and its manufacturing efficiency.Production is scheduled to begin in September 2020.These batteries will in principle be installed in the n
176、ew Ford Kuga Plug-In Hybrid and Kuga Hybridmanufactured in this plant.The new Kuga is the first Ford vehicle to incorporate the mild hybrid,complete hybrid and plug-in hybrid technology.The US company has undertaken to offer itsEuropean customers an electrified option in every model in the Ford rang
177、e.2020 Success stories:Investment Projects4.Business opportunities:AutomotiveNovember 2017 FORD -United States-Ford(United States)is investing$879.67 m in Spain in the Automotive OEM sector in a Manufacturing project.US-based automotive manufacturer Ford is to invest 750m to expand its plant in Almu
178、ssafes,Spain by 2020.The company will produce the new Kuga model.July 2018 Volkswagen Navarra(Volkswagen)-Volkswagen Navarra,a manufacturer of automobiles and subsidiary of Seat,itself an ultimate subsidiary of Germany-based automotive giant Volkswagen,will invest 1,000m until 2019 to facilitate the
179、 construction of its new model T-cross-off-road at its manufacturing facility in Landaben,Navarra,Spain.As a result of the new investment,the facility will increase its annual production of 244,000 units to 344,000 units and it will enable the company to increase the staff at the facility by 10%.201
180、7 PSA Groupe has announced a new plan called SmartMAD2021,which will be endowed with and investment of 144million for its production center in the Villaverde plant in Madrid.The investment is part of the French groups commitment to upgradint its plants by introducing 4.0 Technologies,and the manufac
181、turing of electric vehicles.2020 Success stories:Investment Projects4.Business opportunities:AutomotiveRenault explains its 2017-2020 industrial planRenaults third industrial plan in Spain includes an investment of 750 million euros in its four plants which export 85%of their production and the crea
182、tion of 2,000 permanent jobs.The plan comes after the competitiveness and employment agreement for the 2017-2020 period was signed between the management of Renault Espaa and union representatives in April.Although the award of the plan was already public,the company executives chose the recent visi
183、t by King Felipe VI to the plant in Villamuriel de Cerrato(Palencia)to outline the planned investment in detail.The king was accompanied by Thierry Bollor,chief competitive officer at Renault;Jos Vicente de los Mozos,chairman of the board of directors of RenaultThe industrial plan approved by Renaul
184、t involves the award of a new vehicle to the bodywork and assembly factory in Valladolid,and an engine from the Renault-Nissan partnership to the engine plant,also in Valladolid.This engine will be assembled in a variety of vehicles by Renault,Dacia,Samsung,Nissan and Daimler.Renault Espaas R+D+i ce
185、nter will be set up in the same city.The factory in Seville will receive a gearbox the TX30 from the Renault-Nissan partnership,which will require an adaptation of the whole industrial system.The fourth plant in Palencia will continue producing.2020 Success stories:Investment Projects4.Business oppo
186、rtunities:AutomotiveSource:Corporative sources-FDI MarketsMay 2017 Bridgestone Hispania,the Spanish subsidiary of the Japanese multinational corporation,plans to invest 219 million euros in the three tyre factories it has in Spain:in the Basque Country,Burgos and Cantabria.Bridgestone Hispania,whose
187、 headquarters and decision-making centre is in Basauri(Bizkaia),employs some 3,000 people in Spain.March 2016-Michelin(France)is investing in Spain in the Rubber sector in a Logistics,Distribution&Transportationproject,creating 50 jobs.France-based tyre manufacturer Michelin has expanded its logisti
188、cs centre in Araia,Spain.The facility increased from 50,000 sq m to 80,000 sq m to serve European and American markets.The company hired 50 new people,adding to its 150 workers.Michelin has invested a total of 38m in the facility in previous years.Auto-PartsSuccess stories:Investment ProjectsNovembe
189、r 2016-Bilstein Group(Germany)is investing in Spain in the Automotive Components sector in a Logistics,Distribution&Transportation project.Germany-based Bilstein Group,an aftermarket automotive parts supplier,is to expand its logistic centre in Zaragoza Spain due to growth.Bilstein Group will increa
190、se its number of employees and triple its capacity.4.Business opportunities:Automotive2017 March 21st-Panasonic totake control of Spanish auto partsmaker FicosaJapansPanasonicCorponTuesday said it has agreed tobecomemajorityownerofSpanish auto parts maker FicosaInternational SA as it bolsters itspus
191、h into the automotive field.Panasonic will buy an additional20 percent of Ficosa-which hasstrengths in electronic automotivemirrors and other advanced safetysystemsto raise its stake to 69percent.ThemovecomesasPanasonicshiftsfocustocorporate clients to escape pricecompetitioninlower-marginconsumer e
192、lectronicsSource:Corporative announcement-2016 Sept 8th Mitsui&Co.,Ltd.Mitsui,Head Office:Tokyo,President and CEO:Tatsuo Yasunaga)has agreed to purchase shares of Gestamp Automocin S.A.(GA),a Spanish global leader in designing and manufacturing of automotive stamping components.Mitsuis investment wi
193、ll be 416 million Euros(approx.47 billion),through which Mitsui will indirectly own 12.525%of GA via Gestamp 2020,SL.2018 Ficosa International Panasonic(Matsushita)-Japan October Auto component manufacturer Ficosa International,a subsidiary of Japan-based Panasonic,has announced plans to strengthen
194、its e-mobility hub team with 100 new engineers in Viladeecavalls,Barcelona,Spain.The company will also expand its facilities by 750 sq m and add an additional laboratory in 2019.The expansion forms a part of the companys plan to invest 700m in its research and development operations globally in the
195、period 2018-2024Auto-PartsSuccess stories:Investment Projects4.Business opportunities:AutomotiveInvesting in ICT(Information&Communication Technologies)5.Business opportunities:ICTSpain is one of the most important ICT markets by volume in Europe:120.566 Million.More than 35,000 ICT companies operat
196、e in Spain,an industry employing more than 550,000 workers.The gross added value at market prices represented the 3.88%of GDP in 2019.The flow of foreign investment in the ICT sector in Spain was 1,9 Million in 2019.Exports of ICT products grew again for the sixth consecutive year to stand at 17.563
197、 Million in 2019.46 million consumers and 34 million Internet users.A leading country in telecom infrastructures:Largest FTTH network in the EUHigh speed connetions network of 94%of at least 30 Mbps and 85%of at least 100 Mbps5th EU country in 5G readiness160,000 mobile telecommunications stationsRe
198、asons to Invest in the BPO&IT Sector Manufacturing4%Wholesale23%IT Activities43%Telecommunications30%SPAIN ICT Turnover 2020A market of 120 Million eurosSource:ONTSI(National Observatory for Telecommunications and the Information Society)Report 2020Market size and distribution5.Business opportunitie
199、s:ICT0%20%40%60%80%100%120%Overall fixedbroadbandtake-upAt least 100Mbps fixedbroadbandtake-upFastbroadband(NGA)coverageFixed VeryHighCapacityNetwork(VHCN)coverage4G coverageMobilebroadbandtake-up5G readiness Broadbandprice indexConnectivityConnectivity SPAINConnectivity EUCompetitive advantages:con
200、nectivity and digital public services DESI Index 2020 020406080100120Pre-filled formsOnline servicecompletionDigital publicservices forbusinessesDigital public services IDigital public services SPAINDigital public services EU0%20%40%60%80%100%e-Government usersOpen dataDigital public services IIDigi
201、tal public services SPAINDigital public services EU5.Business opportunities:ICTSpanish leader companies in advanced technologies Telecom Transport and Defence solutions Cybersecurity Industry and Engineering solutions Civil engineering solutions Landing software5.Business opportunities:ICTSpain is h
202、ome to internationally renowned ICT events in cutting edge technologies MWCTelecom&Mobile Smart City Expo World CongressSmart CitiesIOT Solutions World CongressIOTENISESpiritCybersecurityDigital Enterprise ShowDigital Economy Global Robot Expo World CongressRobotics5.Business opportunities:ICTLeadin
203、g ICT multinationals are already successfully located in Spain,taking advantage of Spains benefits:Software VendorsHardware VendorsTelecom equipment vendorsICT Services and Consulting CompaniesService Providers5.Business opportunities:ICTHP has a strong commitment with Spain since 1971,with presence
204、 in cities such as Madrid,Sant Cugat(Barcelona),Leon,Sevilla or Bilbao.HPs facilities in Sant Cugat(Barcelona),hosts one of the corporations most emblematic R&D Business Centers outside theUS.Sant Cugat employs over 1,700 highly qualified professionals of 61 different nationalities,with around 500 e
205、ngineersworking on R&D and innovation.Recently,HPs facilities in Sant Cugat have also become the worldwide headquarters of HPs3D printing businessHPs commitment with Spain and the R&D is also shown in other centers as Leon Competence Center,stablished in 2005and focused on the creation of advance so
206、ftware solutions for the printing and the computing organizations.Success storiesIBM was set up in Spain in 1926.Today the company coordinates the activities in Portugal,Greece and Israel.The Spanishsubsidiaries have 7,200 employees.The IBM environment includes very relevant projects developed in Sp
207、ain:Centre of excellence in Barcelona to develop solutions for financial entities and the health sector;INSA,an IBM branch,hasset up two centres(Caceres and Salamanca)for software developments to be applied worldwide;MareNostrum,supercomputer installed in the Barcelona Supercomputing Centre in colla
208、boration with the University of Catalonia;Technology Expert Council(TEC),which integrates IBMs best talents in Spain to enhance the leadership of the companyand develop its technical knowledge.5.Business opportunities:ICTHuawei launched its operations in Spain in 2001.Since then,the company has been
209、 developing its lines of business andestablishing itself as a key organization in the Spanish ICT sector.The company also has various joint innovation centers in Spain with Telefnica and Vodafone.Huawei Spain is focused onproviding customers with cutting-edge ICT solutions and services.Their product
210、 portfolio includes wireless,fixed-line networkand network core solutions,data network technology,apps,software and terminals.Huawei have created a workforce of 1,000 employees,of which 85%are local.They have a head office in Madrid,along withfive further offices in Barcelona,Valencia,Seville,A Coru
211、a and Bilbao.The German company has been operating in Spain since 1895.The company currently has a workforce of over 3,400 in Spain,with three factories(in Cornell,Getafe and Rub)whose products are exported to all corners of the world,its HQ in Tres Cantos,and sales offices in the major cities.Sieme
212、ns is currently making a decisive contribution to the modernization of the high-speed rail network by installing cutting-edgesafety and signaling systems.They have also helped make sustainable mobility a reality in cities like Madrid,with the first electriccar charging station that uses the braking
213、power of trains,and Barcelona,where modern signaling systems have increased theefficiency of the metro lines.Also,there has been a production and R&D center in Getafe since 1957 for portable radiology equipment and imaging systemsthat form part of other diagnostic equipment.Success stories5.Business
214、 opportunities:ICTThe retail giant Amazon opened its first Tech Hub,or software development centre,in Madrid in 2016.In 2018 itsubsequently chose Barcelona to install an R&D centre for Artificial Intelligence,Machine Learning and Big Data.These two centres employ over 300 people.Its abundance of tal
215、ent,startups,accelerators and incubators,and its broad technological ecosystem have ledGoogle to choose Mlaga as the destination to create a centre of international excellence specialising incybersecurity.In 2012,the Californian multinational acquired a Mlaga-based technology company with over 40emp
216、loyees that works in collaboration with the University of Mlaga and has an international projection.Based onthis project,and with the establishment of Googles first Cloud region(in collaboration with Telefnica)in Spain andthe first private underwater cable,Google plans to enhance and promote the cou
217、ntrys digital transformation andconnectivity.AICYBERSECURITYSuccess stories III:Foreign companies with R&D centres in Spain5.Business opportunities:ICTAsian giant Huawei Technologies opened in December 2020 its first research unit in Spain in collaboration withthe Valencian University,Universitat Po
218、litcnica de Valncia(UPV).The unit focuses its research line in the firstcommunications network using 6G technologies.It will be led by the UPV due to its international background inthe fields of telecom research and,more precisely,in 5G technology.HP manufactures and markets hardware and software,in
219、 addition to providing IT support services.In 2014 thecompany installed its headquarters for the 3D printer business at its R&D centre in Sant Cugat(Barcelona),where it opened an innovation centre for 3D printing in 2019 with the aim of becoming an internationalbenchmark.The building has almost a hu
220、ndred latest generation industrial printers in operation and is the largest3D printing laboratory in the world.The centre,which coordinates a further 25 centres demonstrating 3D printingapplications and HP digital manufacture worldwide,employs about 750 researchers and systems,dataintelligence,softw
221、are,material science,design and applications engineers.3D6GSuccess stories III:Foreign companies with R&D centres in Spain5.Business opportunities:ICTInvesting in Life SciencesWhy Spain for Life Sciences?Why Spain for Life Sciences?Biotechnology sectorcompanies involved in biotech activities more th
222、an 790 strictly biotech(+4%)power in scientific production in biotechnologySpain is the country with the highest percentage of scientific articles in high impact magazines with 3,2%of the worldwide production in biotech area.employees15,45%R+D activities exclusively dedicated3,585117,7008thSource:AS
223、EBIO 2020 Report(last data published July 2021)Biotechnology sectorSignificant increase(+20,8%)of the turnover for biotechnology companies up to 12,000 M Spanish biotech accounted for 0.8%of Spains GDP.Companies have increased in 22%their R+D expenses with a total amount of 940M,6%of all R+D expense
224、s in Spain.Of all strictly biotech companies 47%focus on healthcare and 43%on agro-food.More than 85%of industrial companies using biotechnology as a tool for production focus on agro-food and 7%on healthcare.Every year public institutions create several new companies.Source:ASEBIO 2020 Report(last
225、data published July 2021)Biotechnology sector8,86%14.9417,72%23.80%9.62%5.82%3.80%Source:ASEBIO 2020 Report(last data published July 2021)oooooooooPharmaceutical Sectorpharma companies in Spain,including some with no production and/or marketing activityregions,both with long-standing pharma traditio
226、ns.foreign companies42560%Catalonia and Madrid Source:Farmaindustria 2020 Report(last data published 2021)Pharmaceutical SectorSource:Farmaindustria 2020 Report(last data published 2021)Pharmaceutical SectorThe sector accounts for 19%of all private R&D spending in SpainPharmaceutical companies set a
227、side more than 1,025 M for R&D,more than 50%of it for clinical trials45.4%of pharma R+D investment is already in collaboration with research centers and hospitalsApart from in-house R&D,the pharma industry leads the way in outsourcing this to other companies.45%of its R&D spending The pharma industr
228、y has 5,965 employees working full-time on R&DThis is 25%of all R&D employment in Spanish industry42,600 direct employees and 170,000 indirectSource:Farmaindustria 2020 Report(last data published 2021)Healthcare Technology SectorM annually(11%)invoicedout of total healthcare expenditure0.7%of the GD
229、Pcompanies,500 aremanufacturers8,8401,0007%employees(2%)28,300 Source:FENIN annual report 2020(last data published April 2021).Investing in AerospaceThe Spanish space sub-sector is 5th at European level,employs 4,980 people and had a turnover of ca.979 million in year 2021.Half of the commercial air
230、craft in the world uses Spanish technology.R&D:TheinvestmentinR&Dactivitiesreachedca.1,160M in year 2021(10%of the industry turnoverand 21%in case of the space subsector).Government support:The Spanish authoritiesconsidertheAerospaceIndustry one of the Strategic Industrial Sectors.Creation of severa
231、l public R&D centres focused onthe aerospace industry.5.Business opportunities:AerospaceThe Spanish Aerospace Industry is 5th in Europe in terms of turnover(11.59 billion in year 2021)and employment(49,625 employees).R&D:invests 10%of turnover in R&D(ca.1,160 M in year2019 and 21%in the case of the
232、space sector)Highly qualified humanresources:40%ofthe aeronauticsemployees are University graduates or engineers and 47%arehighly qualified technical professionals.Governmentsupport:TheSpanishauthoritiesconsidertheaerospace sector to be strategic so it offers several grants andincentives lines.Creat
233、ion of several public R&D centres focused on the aerospaceindustry.The Spanish Aeronautics industry is a world leader in several fields:composite aero structures,lowpressure turbine engines,Air Traffic Management systems,Military Transport Aircraft,etc.The Spanish Space industry takes part in import
234、ant contracts of high added value,in qualification of flightequipment and ground segment,and development of satellite systems.Moreover,Spain has satellite servicesoperators.The Spanish Space sub-sector is 5that European level,employs more than 4,200 people and had aturnover of ca.979 million in year
235、 2021.Half of the commercial aircraft in the world uses Spanish technology.5.Business opportunities:AerospaceSpain has significant Aeronautics Clusters:they provide new entering companies with infrastructures,research centres,technology parks offering interesting synergies.5.Business opportunities:A
236、erospaceBOEING has developed important R&D Centres in Spain:First Boeing R&D centre outside the USAMain areas:safety,ATM and environmental technologiesApril 2008:first flight of an aeroplane powered by hydrogen fuel cells Ocaa(Madrid)According to Boeing:“The reason for choosing Spain was the country
237、s outstanding role in the EU and as a referencepoint with the Latin American countries.It also shows the relevant position the Spanish Aerospace industry has acquired in the last fewyears and the countrys capabilities in environmental and ATM technologies”Success storiesSource:www.boeing.es5.Busines
238、s opportunities:AerospaceThe Consortium EADS-AIRBUS has a very significant presence in Spain Civil aircraftA380 Double-deck,wide-body,four-engine jet airliner.It is the worlds largest passenger airliner.It began commercial service in October 2007 with Singapore Airlines.Spain has a participation sha
239、re of 8%.A350XWBLast Airbus civil aircraft model:from 250 to 350-seater.Over 70%airframe is made from advanced materials:composite structures,titanium and advanced aluminium alloys.The two first test flights have already been developed.Spain has a 11%share of the program.HMC(Harbin Hafei Airbus Comp
240、osite Manufacturing Centre is a joint venture between Airbus(20%)and its Chinese partners(mainly Harbin Aircraft Industry Group,50%).HMC manufactures elevators that are being delivered to Spanish company Aernnova(the first ship set was delivered last September 2013).Aernnova will later on deliver th
241、ose elevators to the Airbus plant in Getafe(Madrid,Spain).Success stories5.Business opportunities:AerospaceA400M Military transport aircraftSpain has a 15%of participation share,including:-Final Assembly Line-Simulation and training Centre-Services Logistics HubAll of them located in Seville(Spain)T
242、he first A400M aircraft have already been delivered to customer(France)in September 2013.A330 MRTT Multi Role Tanker TransportRefuelling aircraft,entirely developed by Spanish industry,including a refuelling pole with electric controls.Eurofighter Typhoon Multi Role Fighter14%share of participation
243、by the Spanish industry.Major components developed in Spain:-Right wing-Leading edge slats.Eurocopter Military helicopterPlant located in Albacete(Spain):-Final Assembly Line-Delivery CentreFor models:NH-90,TIGER and EC-35The Consortium EADS-AIRBUS has a very significant presence in Spain Military a
244、ircraftSuccess stories5.Business opportunities:AerospaceInvesting in Logistics and Transport6.9%of Spains GDPTurnover 101.0 BillionLogistics(500 million shipments and 5 milliontons per year)Road,Railway,Sea and Air FreightEmployment 941,000 workers(+1%)4.5%of active workers in Spain90.8%occupancy ra
245、teCompanies 218,000Structure:High market concentration90%SMEs10bigcompaniesmanage27%ofthebusinessSource:Annual Report,2022.Observatory of Transport and Logistics in Spain.Latest data available 2022.“2023 Logistics Performance Index”,The World Bank,2023.5.Business opportunities:Logistics and Transpor
246、tSpanish Logistics Sector ranks among the top-15 in the world according to the latest Logistics PerformanceIndex of the World Bank(among the top-10 EU countries)Logistics Performance Index(LPI)5.Business opportunities:Logistics and TransportSpanish foreign trade,the main engine of transport and logi
247、stics,represents over 65%of the countrys GDP.In 2021 goods exports amounted to 316.6 billion and imports 343 billion,mainly driven by the automotive,pharmaceutical,and chemical industries.Import 343 million and about 246.2 million tons Export 316.6 million euros and almost 187 million tons433 millio
248、n tons of goods transported in 2021,74%being for the national market and 26%for the international one.Logistic PlatformsSpain has more than 279 logistics parks,covering around 83.7 million sq.m,mainly linked to maritime(47%)and road transport(41%).Zaragoza Logistics Platform(PLAZA)is the largest pla
249、tform in Europe with a surface area of 13.2 million sq.m,and over 350 companies already in place.An intermodal transport center that links to the main consumer and production centers of Europe.Spain,a Top-notch Infrastructures Country“The Global Competitiveness Report”,World Economic Forum.Real Esta
250、te for Logistics has experienced best investment volumen over the last ten years:2,873 M(+2.6%over 2021).5.Business opportunities:Logistics and Transport29 Container Terminals in 21 PortsCapacity:22,1 Million TEUs/yearOccupied surface:7,73 Million sq mAverage productivity:545 TEUs/mSource:Puertos de
251、l Estado,Ministry of Public Works,2018.In 2022,close to 33.0 Million passengers(cruises&lines)Over 8 Million Cruise Passengers an increase of 8.7%Barcelona is 1stin Europe and 7thworldwide5.Business opportunities:Logistics and TransportThe Infrastructure,Transport and Housing Plan(PITVI)(2012-2024)s
252、tates a stable and sustained investor scenario of up to 0.94%of GDP during the period.Trans-European Transport Network development encloses two Corridors,one in the Atlantic and another in the Mediterranean Sea to foster the Logistics.The Mediterranean Corridor plan connects the Mediterranean Spanis
253、h Seaports to a rail corridor which links North Africa to Central Europe through Spain.5.Business opportunities:Logistics and TransportTEN-T TransEuropean Transport NetworkAtlantic CorridorMediterrenean CorridorMotorway of the Sea RO-ROMultimodal and Logistic Platform Spain is part of the TransEurop
254、ean Transport Network(TEN-T)Success storiesTotal Terminal International Algeciras(TTIA)part of the South Korean Hanjin Shipping group builds its first containerterminal semi-automatic of the Mediterranean and Southern Europe.DHL Spain is the key input platform across the DHL network to Latin America
255、n markets.Invest in Spain.TNT International Operations Centre Madrid-Barajas(Spain)became hub for South America in 2002.Today,shipments to and from fifteen South American countries are handled from the Barajas Hub and to its wholenetwork.5.Business opportunities:Logistics and TransportHutchison Port
256、 Holdings,a subsidiary of Hong Kong conglomerate Hutchison Whampoa,operates the new semi-automatic container terminal of the Prat quay at the Port of Barcelona,which represents an initial investment of 300 million Euros and aims to be the largest terminal inSouthern Europe.Mexicos Pemex will install
257、 its European operations base at the port of A Corua which implies adirect investment of$70 million.The Danish APM Terminals Algeciras will devote 42 million investment to meet their new triple-E ships in the port of Bahia de Algeciras.Toyota Motor Europe(TME)sets up a new logistics centre in Illesc
258、as for the delivery of thebrands spare parts and accessories in Spain.The German Vossloh Rail Vehicles operates one of its engineering centres,a reflection of itscommitment to innovation,in Valencia,Spain.One of the main actors of E-commerce in Europe,Vente Prive,opens its third logistics platformin
259、 Spain after Germany and Italy.Success stories5.Business opportunities:Logistics and TransportInvesting inEnergy,Environment and Water The Renewable Energy Sector as a whole contributed 11,806 Million EURto Gross Domestic Product(11.05%of total).The Renewable sector invested 375 Million EUR in R&D&I
260、.It contributed positively with 4,104Million EUR to the Spanish trade balanceIt avoided imports estimated to 6,273 Million EUR(Fossil fuel imports avoided:22 Million Tep)It saved 1,301 Million EUR in emission rights(Avoided CO2emissions to the atmosphere:23.6 MTon*)The renewable sector directly empl
261、oyed+58,724 people(+34,206 indirect jobs).Source:Renewable Energy Association(APPA).Data refer to 2019Study of the Macroeconomic Impact of Renewable Energies in Spain Renewable Energies:General Overview 5.Business opportunities:Energy,Environment and WaterFinal Energy 2021Energy Breakdown by Source
262、in Spain 5.Business opportunities:Energy,Environment and WaterPrimary Energy 2021Oil;41.5%Gas;25.5%Coal;1.8%Renewables;16.8%Nuclear;13.9%Oil,HCproducts;46.4%Electricity;25.7%NG;18.8%Thermal Renewables;7.5%Coal;1.7%Installed Electrical Capacity Apr.2023(119.75 GW)Source:REEEnergy FactsCombined Cycle;
263、23,3%Nuclear;5,9%Coal;2,9%Cogeneration;4,7%Repumping;2,8%Fuel&Gas;0,6%Non-Ren.Waste;0,4%Wind;25,2%Hydro;14,3%PV;17,0%CSP;1,9%Other Ren.;1,1%Renewables;56.6%142Source:REE5.Business opportunities:Energy,Environment and WaterNuclear;20.8%Cogeneration;10.0%Coal;1.9%Combined Cycle;17.1%Fuel+Gas;1.6%Non-r
264、enewable waste;0.9%Turbine repumping;1.0%Wind;23.3%Hydro;11.4%PV;8.0%Other Ren.;2.2%CPS;1.8%Renewable;46.7%Power Generation 2021(289,850 GWh)NATIONAL STRATEGIC FRAMEWORKNational Integrated Plan for Energy&ClimateLaw for Climate Change&Energy TransitionH2RoadmapLong Term Decarbonization StrategyEnerg
265、y StorageStrategy144Foreseen Electrical Capacity PNIECYear/MW200302015-30(%)Wind22.92527.96840.25850.258119%Solar photovoltaic4.8548.40923.40436.882660%Solar thermoelectric(CSP)2.3002.3034.8037.303218%Biomass6778771.0771.677148%Pure Pumping3.3373.3374.2126.837105%Hydraulics14.10414.10914.
266、35914.6094%Mixed Pumping2.6872.6872.6872.6870%Biogas2232352352355%Marine Energies002550Geothermal001530Coal11.31110.5244.5320-1.300-97%Combined cycle27.53127.14627.14627.146-1%Coal cogeneration444400-100%Gas cogeneration4.0554.0013.3733.000-26%Cogeneration w/oil585570400230-61%Fuel/Gas2.7902.7902.44
267、12.093-25%Renewable cogeneration535491491491-8%Cogeneration with waste30282824-20%Urban Solid waste2342342342340%Nuclear7.3997.3997.3993.181-57%TOTAL105.621113.152137.119156.967Stock April 23Wind30,2 GWPV20,3 GWPNIECcurrently under revisin145Source:IRENASpainPV Generation146PV GenerationPV GENERATIO
268、N:Self ConsumptionSource:UNEF147Off-Shore Wind Power GenerationRoadmap Offshore Wind+Marine EnergylinkSource:JRCWind energy component manufacturing facilities in Europe.148Off-Shore Wind Power GenerationFirst offshore generation tender announced for 2023149Foreign-Local JVs/Agreementsfor FOW develop
269、ment in SpainOff-Shore Wind Power GenerationPotential Capacity:20 GWAnnounced JVs/AgreementsCapital EnergyShell(UK)Q-EnergyCorio Generation(UK)Proes ConsultoresSimply Blue(Ireland)FF New Energy VenturesNaturgyEquinor(Norway)Repsolrsted(Denmark)FerrovialRWE(Germany)Accionarsted(Denmark)150SPAIN OFFER
270、S A COMPLETE ENVIRONMENT FOR THE INVESTOROff-Shore Wind Power Generationhttps:/www.investinspain.org/en/publicationshttps:/aeeolica.org/comunicacion/publicaciones/151Wind&PV projects approved Sept22-Jan23(approx.)WINDPVNr.Projects21130Total MW2.43524.866Avg.MW85,75191,28Total Nr.Tubines437Avg.Tubine
271、s/farm15,95Avg.MW/T5,30152Green H2Renewable H2RoadmapMain targets for 20304 GW electrolyzing capacity(renewable)25%of total H2industrial consumption from renewable origin100-150 public H2refilling stations150-200 FCEV buses for public Transport5,000-7,500 light vehicles&transportation vehicles2x H2-
272、driven railway linesRequired investments:8,900 M(public+private)Recently announced:1,500 M from public sources 2021-23https:/www.miteco.gob.es/es/ministerio/planes-estrategias/hidrogeno/h2executivesummary_tcm30-513831.pdf153Green H2Some H2/Power-to-X projects&initiativesannounced/under development i
273、n SpainIEA Database Oct.22:linkCountryNr.of ProjectsGermany182Spain107GRB90Netherlands81France79Denmark59Italy32Portugal25Belgium22Austria21Poland13Switzerland12Finland11Czech R.7Ireland6Estonia5Turkey5+14 GW,+2,5 MTon H2/yr.154St r en g t h 1RENEWABLE RESOURCESGEOGRAPHIC SITUATIONLARGE TRACTOR COMP
274、ANIESSt r eng t h 2SPECIALIZED INDUSTRIAL AND PRODUCTIVE FRAMEWORK,FOR THE WHOLE HYDROGEN VALUE CHAINSt r eng t h 3TECHNOLOGICAL AND INDUSTRIAL DEVELOPMENT CAPABILITIES155The strengths of SpainGreen H2H2Technological Capabilitieshttp:/www.ptehpc.org156157Energy StorageStrategySTORAGEForecast:2020:8,
275、3 GW2030:20,0 GW2050:30,0 GWLinkSTORAGEMap of industrial CapabilitiesLink158PERTE ERHASTRATEGIC PROYECT FOR RECOVERY&ECONOMICAL TRANSFORMATIONRENEWABLE ENERGIES,HYDROGEN&STORAGEInnovativerenewablesUnique and innovative projects in renewablesReinforcement of production capacitiesRepowering+blade recy
276、clingBiogasMarine energyLogistical adaptations and port facilitiesPort infrastructuresPilot projects for marine renewablesStorageInnovative storage projectsNew business models in the energy transitionDeployment of energy storageH2Improvement of R&D and manufacturing capabilitiesHeavy H2 mobilityLarg
277、e electrolysis demonstratorsRenewable hydrogen clusters or valleysPioneering renewable hydrogen projectsOtherEcosystem to support energy communitiesDirect equity investmentPublic sector6,900 MPrivate investment9,500 MJobs280,000link159EY:RECAI NOV2224 2428 282927241716151110 10 27Source:h
278、ttps:/ Spanish environmental sector accounts 2.2%GDPEcon.Value:26,424 million+500,000 direct jobs:Environmental Industry in Spain(2018)Sources:MINTECO,INE,AGA5.Business opportunities:Energy,Environment and WaterWaste Management&Treatment26,3%Renewable Energy20,6%Waste Water Treatment11,0%Public Sect
279、or10,0%Ecological Farming9,4%Forest Management6,1%Environmental Services5,0%Environmental R&D4,1%Environment-Related Jobs in Industry&Services3,8%Natural Parks Management2,1%Environment Education1,5%Third Sector0,1%Public entitiesPrivate companiesEnvironmental Industry in Spain:key playersEUROPEANEN
280、VIROMENTAL AGENCYwww.eea.europa.esProvides sound&independent information32 member countriesSPANISH MINISTRY FOR ECOLOGICAL TRANSITIONhttps:/www.miteco.gob.esMakes proposals and develops the implementation of government policy17 REGIONAL AUTHORITIESDefinition and implementation of environmental polic
281、y.Regional environmental authorities often called“Consejeras”MUNICIPAL AUTHORITIESSubsidies,Fines refuse collection,street cleaning etc.Local environmental authorities,often called ConcejalasGROUPENVIRONMENTWATER5.Business opportunities:Energy,Environment and WaterMaximum reservoir capacity(2021):55
282、,899 hm3Reserves(March 2021):35,888 hm3(59,0%)Domestic consumption(2020):128 liters/inhabitant/dayAverage price 2020(domestic):1.90/m3WaterOriginUsesUrban Supply4,485 hm3Irrigation 15,832 hm3TreatmentTotal:13 mill.m/dayReused:1,5 mill.m/day(11.5%)Sources:MATECO,INE,AEAS-AGAUrban SupplySurface(Dams,r
283、ivers)67%Underwater sources 29%Others(Desalination,depuration)4%IrrigationSurface(Dams,rivers)76.9%Underwater sources 21.5%Others(Desalination,depuration)1.6%Water Sector in Spain5.Business opportunities:Energy,Environment and Water24,000 companies involved in the water sector212,300 jobsWater secto
284、r annual turnover:approx.32,000 million euros BusinessOpportunitiesStrengthsSectorial targets match general interest.Great quality and innovation in Spanish water industry.Sector generates employment and wealth.Large number of products,solutions,high technological level.International experience and
285、reputation.Strong sectorial network.Sources:PTEAGrowing demand of water supply&water treatment.Rising social concern about water use and efficiency.Demand if integral solutions(EPC+O&M).Growing investments&financing in developing and emerging countries.International projection of Spanish water compa
286、nies.Excellent public-private cooperation in I+D+i.Water Sector in Spain5.Business opportunities:Energy,Environment and WaterDesalinationSpain is the 1stproducer of desalinated seawater in Europe and AmericaSpanish companies are leaders in Reverse Osmosis Technologies.Interesting cluster:More than 7
287、00 desalination plants in Spain according to the Ministry of Agriculture,Food andEnvironment.International Expertise in construction of desalination plants(Befesa,Cadagua,Acciona)R&D.Research centers actively involved in desalination:5.Business opportunities:Energy,Environment and WaterMain Water In
288、stitutions&AssociationsAssociates people,companies and groups related to water desalination andreuse in Spain.AEDyRrepresentslarge&smallengineeringcompanies,componentmanufacturers,universities andresearchcenters,public administrations andanyone privately interested in the sector.It currently has 214
289、 Association created to promote and defend the common interests of businessrelated services integrated water cycle.At present,its associates and partners operate urban water about 75%of theSpanish population,with an annual turnover of 3,800 million euros and employover 17,000 people.www.asoaga.es Pr
290、ofessional association for the promotion and development of scientific,technical,administrative and legal services for urban water supply andsanitation matters.It currentlyhas 330 partners and operatingentitiesintegratedin theassociation,serving more than 35 million people in more than 1.700 Spanish
291、municipalities.www.aeas.es 5.Business opportunities:Energy,Environment and WaterIt represents and promotes the interests and competitiveness of companiesoperating in the sector of the treatment and control of water:use,treatment,purification,reuse,desalination,analysis,measurement,management,irrigat
292、ion and quality control of the water.At present there are more than 120 companies directly adhered to theAssociation.www.aquaespana.org Association of companies committed to sustainability and efficient managementof water resources,with innovation as the basis,covering all technological fieldsofurba
293、n,industrialandagriculturalwater:drinkingwater,desalination,purification,reuse and recovery of rivers.www.asagua.es Nonprofit association created to promote participation in projects of publicinterest related to water reuse.www.asersagua.es Main Water Institutions&Associations5.Business opportunitie
294、s:Energy,Environment and WaterR+D+i network in water sector whose main objectives are:Generate added value for its partners,the sector and the society.Encourage participation and collaboration in R+D+i between institutions andnational and international authorities,Develop and implement a Strategic R
295、esearchAgenda(SRA).Identify and promote R&D+I projects.Promote technology transfer.www.plataformaagua.org Association of construction companies and infrastructure licensees.It promotesinvestment in infrastructure and the of projects of public-private collaboration.It consists of 72 companies and 12
296、business groups dedicated to theconstruction and management of public infrastructure through concessions.Nine of them are listed on the Madrid Stock Exchange.Together,the associatesrepresent a turnover of 80,000 million euros,providing employment to more than433,000 people.www.seopan.es Main Water I
297、nstitutions&Associations5.Business opportunities:Energy,Environment and WaterPaper,cardboard15%Glass8%Wood2%Bricks1%Textile5%Food waste7%Plastics9%Metals3%Organic matter42%Other8%Composition of Urban WasteWaste Management sector in SpainAgriculture&related5%Domestic18%Services24%Mining19%Industry12%
298、Construction22%Waste Generation:Economical sectorsMain legal mainframe:the Residues Framework Plan(PEMAR)for the period 2016-2022.By 2025 the fraction of recycled/reutilized residues must increase from 30%to 50%.Waste treatment expenditure low,35 euro/Tn(European average 100 euro/Tn)Source:PEMAR5.Bu
299、siness opportunities:Energy,Environment and WaterWaste Management sector in SpainSources:MITECO,Eurostatis not treated.Incineration11%Compostage,anaerobic digestion14%Recycling15%Dumping w/treatment27%Dumping w/o treatment33%Destination of Urban WastesRoom for improvement,great business opportunitie
300、s:As much as 60%of waste is still dumped,45%of which 5.Business opportunities:Energy,Environment and WaterWaste Management sector in SpainSources:MITECO,EurostatMixed waste82%Biodegradable4%Packages3%Papel&cardboard5%Glass3%Other3%Separated18%Waste Collection5.Business opportunities:Energy,Environme
301、nt and WaterRoom for improvement,great business opportunities:PEMAR:Separation in origin must improve from current 18%.%of which Investing in Chemical IndustryStrategic Sector for the Spanish Economy and ICEX-Invest in Spain activity3,072 companies*697,700 Jobs 38.4 bn Exports 66.4 bn turnover13.4%I
302、ndustrial GDP26%of industrial R&Dsource:FEIQUE Spanish Chemical sector snapshot 2020*Direct 205,200 Evolution of Turnover Chemical Sector 2007/20205.Business opportunities:Chemical IndustryChemical sites Chemical Sectors Source:INE industrial companies Survey+FEIQUE+Ministry of Economy Industry and
303、Business Pharma High concentration of Chemical IndustryOther Chemical hubs Turnover sectoral breakdown 2018Industry Gases 2,5%Dyes and Pigments 1,2%Inorganic Chemicals 2,5%Organic Chemicals 15,5%Fertilizers 2,4%RM Pastic and Rubber 18,9%Agrochemicals 1,5%Paints and Inks 7%Detergency 5,5%Perfumes and
304、 Cosmetics 7,6%Other Chemical Products 7,9%Synthetic Fibers 0,7%RM Pharmaceutical 5,8%Pharmaceutical Specialties 20,9%RM Plastic and Rubber 18.9%RM Pharma 5.8%Pefumes&cosmetic 7.6%sPharma Specialties 20.9%AgrochemicalsOrganic Chemicals 15.5%Detergency 5.5%Paints and Inks 7%5.Business opportunities:C
305、hemical Industry4th destination in EU for new Chemical projects*$15.4 bn CAPEX-27,234 jobs By CAPEXSource fdi markets:Data in Mill$for companies(Chemicals,Pharmachemicals,Rubber and Plastics sectors)investing in Emerging Europe and Western Europe in four sectors between January 2003 and Dec2020Desti
306、nation CountryCapexProjectsAvg capexJobs createdAvg jobsCompaniesRussia25.175,352448,085.441163368Germany22.801,51.03722,034.95833792Belgium17.565,234351,216.74648235United Kingdom15.778,278420,137.13447544France15.770,165923,928.14642466Spain15.420,451829,827.23452326Turkey14.701,429450,029.9151012
307、44Ireland12.629,720661,317.41484111Hungary12.580,924052,430.206125173Poland9.402,843021,940.59994321Netherlands9.078,226634,114.52654202Italy6.430,519932,311.64858148Romania5.428,719328,128.384147126Czech Republic5.094,018727,222.202118154Total for 44 countries224.412,67.22431,1521.401723.5345.Busin
308、ess opportunities:Chemical IndustrySource:fdi Markets.Data in Mill$for companies(Chemicals,Pharmachemicals,Rubber and Plastics sectors)investing in Emerging Europe and Western Europe in four sectors between January 2003 and Dec 2020 3rd destination in EU for greenfield R&D projects.2nd destination E
309、U for Logistics&Distribution projects.Destination countries Research&DevelopmentManufacturingLogistics,Distribution&TransportationHeadquartersTotal 15 activities United Kingdom84Germany9547745371.037France783933018659Spain7Belgium45201239343Ireland33108712206Italy2810644199Russ
310、ia27356214524Netherlands271292228266Switzerland2546332152Poland5.Business opportunities:Chemical IndustrySource:FEIQUE Invest in Spain 57.9%of Spains Chemical exported to 200 countries 38.4 bn Export Value 2018.2ndlargest exporter of the Spanish EconomyAfrica4.5%4.8%Exports of Chemicals i
311、n 2000/2018(%)Others0.5%1.2%Asia9.8%11.5%America11.1%12.6%EU69.3%59.5%Non EU 5%10.6%35.9012.005.200.7033.003.1010.10Basic Chemicals(plastics)Detergency,soapsPaints and inksFibersPharmaAgrochemicalsOthers5.Business opportunities:Chemical IndustrySource:Foreign Investments Registry(Ministry of Economy
312、 and Business)2017.Million Euro(*)Stock 2015 data.Most Attractive Sector for Investors 36.6bn stock of multinational investment*2nd Largest stock among manufacturing sectorsOver 500 subsidiaries of chemical multinationalswith more than 100 years of presence5.Business opportunities:Chemical IndustryH
313、uman Resources:Qualified,competitive,stable JobsSource Active Population Survey+FEIQUE94797573593900708090100ChemicalindustryIndustryaverageServicesNationalaverageConstruction AgricultureStability by Economic Sector%of payroll with permanent contracts 2017 20.320.120.220.82120.920.921.123
314、22.322.542007200820092000007-2018(%Research staff recruited compared to the Industry Total)11%2007-2017Cumulative Growth05003003504002007200820092000019Chemical Sector Turnover per employee(Thousand 2007-2019)31%
315、Cumulative Growth 2007-20195.Business opportunities:Chemical IndustrySource Ministry of Transport and Infrastructures FOMENTO Guaranteed Energy Suply106 GW installed power 2019.Secured supplyDiversfied energy mix contribution of renewables over 50%in 2019GNL and GN large storage and transport capaci
316、ties(7 regasification plants)Infrastructures:Direct to market46 comercial Ports.Algeciras largest Mediterranean Port by full load(96Mill Tn).15,600 Km highways and motorways.15,500 Km railway Network.116bn Investment committed transport intermodal and logistics nodes.5.Business opportunities:Chemica
317、l IndustryCompetitive advantage:Investment areasCLUSTERSSupport and advice for New Projects.Available Chemical Industrial sites,services and logistics.Broad based knowledge structure:Research and engineering resources:Universities,Research and Technology Centers.35 specialized universities training
318、Chemicals and Chemical engineers Joint vocational education programs:Industry-Educational System.Collaboration to promote new investment in the Chemical Industry 5.Business opportunities:Chemical IndustryChemical Industry in Spain:Success stories2020 September MESSER Gmbh New iindustrial gases plant
319、 in Spain 35 Million Investment-20 direct jobsThe largest family-run idustrial gases specialist worldwide,Messer,announced theconstruction of a new production plant for gases at its Spanish location in Vila-seca.Itwill be located in the south of the Tarragona Chemical Complex and will have acapacity
320、 of 2,400 tons of oxygen,nitrogen and argon per day.The air separation plantwill also be certified for the production of medical gases.In total,the family companywill invest more than 35 million euros in the construction of the new production plant.The new production plant will be connected to the M
321、esser pipeline network to meet thegrowing oxygen and nitrogen demand of the chemical industry in Tarragona.Inaddition,manufacturing companies in the region will be supplied with gases-liquefiedin tankers and gaseous in cylinders.During the planning and construction phase,around 200 people will be wo
322、rking on this project;after completion,Messer will employmore than 20 people in the new plant.5.Business opportunities:Chemical IndustryApril 2018 CEPSA,a subsidiary of International Petroleum Investment(IPIC)Abu Dhabi UAE,is investing in the city of San Roque,Spain a total of 100Million in a manufa
323、cturing Project.The company is to expand its Puente Mayorga Plant in San Toque,to increase its production capacity from 200,000 to 300,000 tonnes per year by May 2020.The increas in production from his plant will be primarily aimed at high growth of African markets.2017INOVYN is investing in a proje
324、ct to develop theimport capacity of ethylene dichloride(EDC)at Martorell,Spain.EDC is the essential raw material for polyvinyl chloride(PVC)and vinyl chloride monomer(VCM)and theinvestmentwill enable EDC supply by ocean-goingvessels,with storage in Barcelona harbour and railtransporttotheMartorellSi
325、te.The investment at Martorell allows INOVYN to maintainPVC and VCM production at current capacity beyond theend of production from its mercury cellroom.June 2018 Covestro makes major investments inTarragonausing novel technology to produce chlorineThe multinantional company Covestro has finalised i
326、tsinvestment plan for a new chlorine production plant inTarragona(Spain)thatwilluseoxygen-depolarizedcathode(ODC)technology.Covestro is investing aroundEUR 200 million at Tarragona to increase the sitescompetitiveness.The new industrial-scale plant will bethe first of its kind to be based solely on
327、this state-of-the-art technology.Chemical Industry in Spain:Success stories5.Business opportunities:Chemical IndustryIndian company AUROBINDO has bought the Spanish company GENERIS on a 135 million deal(Subject to approval by Spanish Competition Authorities)Jan.2017Chinese Group KINGENTA,one of the
328、worlds leaders in fertilizers,has closed a venture partnership with Spanish company NAVASA to expand its operations scope by setting Spanish market as a platform to operate in third countries,namely Mediterranean and African markets.Jul.2016The Indian company Hetero acquires the generics division of
329、 the pharmaceutical company FerrerAmarox Limited,the European subsidiary of Hetero one of Indias leading generics companies has acquired Tarbis Farma,the generic medication division of the Catalan pharmaceutical company Ferrer.Feb 2019 Spain is posted to remain one of the fastest growing chemical hu
330、bs in the European Union and to consolidate as a key partner for international companies in EuropeThese are also some success stories of acquisitions of Spanish companies adding technological or market value,venture partnerships and financial investments:5.Business opportunities:Chemical IndustryInv
331、esting in Nanotechnology374 research groups and companies and a research task force of around 3,000 researchers andtechnicians,conform the Spanish Nanotechnology Network NANOSPAIN100 innovative companies providing a general overview of the sector in Spain catalogue:Catalogueof Nanoscience&Nanotechno
332、logy Companies in Spain:Spanish N&N Thematic Networks:RENAC(Construction),SUSCHEM(Sustanaible Chemistry);NANOMED(Spanish Nanomedicine Platform);GENESIS(STP Nanotechnology and Smart SystemsIntegration);MATERPLAT(STP Advanced Materials and Nanomaterials);and FOTONICA 21(STPPhotonics).PhantomsFoundatio
333、n()networkcoordinatorandGrapheneClusterSecretariat.Spanish emerging companies among European leaders in graphene production and exports.i.e Graphenea:15%of global graphene production.Nanotechnology Initiatives and Companies in Spain 5.Business opportunities:NanotechnologySource:Phantoms Foundation Research Groups in Nanospain Network(Regional Distribution)334 groups 5.Business opportunities:Nanote