The Spanish government is looking to accelerate infrastructure development in renewable energy, food production and water management as the local economy continues to grow.

Spanish Ambassador Miguel Utray Delgado said he expects several public and private investments from his country to enhance those three economic sectors in realizing the local government’s vision under its Philippine Development Plan 2023-2028.

“I think it’s a very strategic document,” Delgado said in a recent meeting with Department of Finance Secretary Ralph Recto.

“We are a leading country in renewable energies, so we are here to support the green transition of the Philippines,” the ambassador added.

Madrid economic briefing

The two government officials discussed areas for cooperation as the Philippines prepares to promote the country in its economic briefing in Madrid next month.

Delgado added that government leaders from more than 40 countries will gather again in Spain to discuss development financing in a summit to be held in the city of Seville.

“We are also centering our efforts on food security and logistics which entail many things, for instance, infrastructure: ports, bridges, airport, and roads,” he said.

“We have several big companies that can work in that direction,” Delgado continued.

The Spanish ambassador added that water management in the Philippines is a “very interesting” sector.

President Ferdinand Marcos Jr. stated that 11 million Filipino families lack access to potable water amid the hotter weather, due to climate change and limited infrastructure and technology for water recycling.