Spain, Qatar eye $1 bil­lion Latam fund sign­ing in 2017

Kuwait Times - - BUSINESS -

Spain and Qatar hope to sign early next year an agree­ment to form a $1 bil­lion joint in­vest­ment fund that would help the Gulf state in­vest in Latin Amer­ica, the Span­ish am­bas­sador was quoted by a Qatari news­pa­per as say­ing yes­ter­day.

Ne­go­ti­a­tions on the agree­ment have been stalled for al­most a year by po­lit­i­cal un­cer­tainty in Spain, but could re­sume once a new min­is­ter of trade has been ap­pointed, Ig­na­cio Es­co­bar said, ac­cord­ing to the in­ter­view with Gulf Times. Mar­i­ano Ra­joy was sworn in for a sec­ond term as Spain’s prime min­is­ter on Oct. 31, giv­ing the coun­try a fully func­tion­ing govern­ment for the first time in 10 months af­ter two in­con­clu­sive elec­tions and fruit­less coali­tion talks.

Of­fi­cials hope, Es­co­bar said, that the in­vest­ment deal can be signed dur­ing a high-level visit to Qatar by Span­ish of­fi­cials in the “first se­mes­ter of 2017”. — Reuters

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