Spanish official urges UAE to boost investment in Spain

Abu Dhabi, Apr 16 (EFE).- Spain's minister of industry, energy and tourism, Jose Manuel Soria, met Tuesday with United Arab Emirates counterpart Suhail al Mazrouie and urged that the UAE continue increasing its investments in the Iberian nation.

Soria transmitted to Al Mazrouie and to UAE Environment Minister Rashik bin Fahad the interest Spanish companies have in collaborating with companies of the area in such sectors as energy, infrastructure and telecommunications.

The Spaniard also spoke at the opening of the Dubai Global Energy Forum, where he characterized the energy sector as the driving force of world economic development, and called for more international cooperation to ensure energy supply and sustainability.

Soria visited the Water, Energy and Environment Technologies Fair and met with representatives of Spanish companies either operating or with interests in the UAE.

The minister expressed to business leaders the Spanish government's firm support for globalization to overcome the economic crisis and offered to help them strengthen their ties with UAE authorities.

After the meeting, Arturo Manso, member of the Spanish Business Council in the Emirates, told Efe that negotiations are underway between Spanish firms and the Mubadala company, the investment arm of the Abu Dhabi government.

Manso said that the talks are centered on petroleum and natural gas projects.