Qatar, Spain to step up co-operation

Qatar and Spain have agreed to establish an institutional framework for co-operation to achieve common objectives.

This came in a joint statement issued yesterday in Madrid on co-operation in the field of investment between Qatar and Spain after talks by HE the Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohamed bin Abdulrahman al-Thani and Spanish Prime Minister Pedro Sanchez.

The Qatar Investment Authority (QIA) and Compania Espanola de Fi- nanciacion del Desarrollo (the Spanish development finance company) will also submit a memorandum of understanding that will set guidelines and operational procedures to promote business and joint investment, the statement added.

QIA is owned by the State of Qatar and was established by Amiri Decision No 22 of 2005.

The mission of QIA is to invest, manage and develop Qatar’s reserves to create long-term value for the state and future generations. (

HE the Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohamed bin Abdulrahman al-Thani met yesterday with Spanish Minister of Foreign Affairs, the European Union and Co-operation Josep Borrell, during the former’s official visit to Spain. The meeting discussed bilateral relations and means of enhancing and developing them, in addition to a number of topics of common concern. Following the meeting, a memorandum of understanding (MoU) was signed between the Diplomatic Institute and the Diplomatic School of the Kingdom of Spain. HE the Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohamed bin Abdulrahman al-Thani signed on behalf of the State of Qatar, while the Spanish Minister of Foreign Affairs, the European Union and Co-operation Josep Borrell signed on behalf of the Spanish side.