COFIDES and Qatar Investment Authority Sign MoU on Spain and Qatar Investment Opportunities
Posted on 05/19/2022
Compañía Española de Financiación del Desarrollo (COFIDES) is a Spanish state-owned financial institution. COFIDES and Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, signed a Memorandum of Understanding (MoU) which will focus on the identification of potential joint investment opportunities in both Spain and Qatar. This MoU will enable both institutions to explore business opportunities and investments in technology-enabled sectors, as well as in areas supporting energy transition initiatives, including renewable energy, clean transportation, and the circular economy.
COFIDES and QIA will share expertise and knowledge on opportunities that may arise from private or public stakeholders, including in the case of COFIDES, projects supported by ‘Next Generation EU’ funding, in the context of Spain´s Recovery, Transformation and Resiliency Plan.
