Qatar Investment Authority and Spain’s COFIDES launch $348m joint investment fund
RIYADH: Qatar Investment Authority and Spain’s state-owned COFIDES have agreed to establish a €300 million ($327 million) joint investment fund targeting strategic projects across the European country, with a focus on green transition, digital transformation, and technological innovation.
In a statement, QIA described the launch of this joint venture as a significant milestone in the relationship between both parties and in their shared commitment to supporting sustainable economic development and innovation in Spain.
Named the Ispania Growth Fund, the initiative will be managed by Spanish firm Portobello Capital and will target small and medium-sized enterprises in high-growth sectors, with the aim of developing the next generation of national companies.
Bilateral trade between Qatar and Spain reached approximately $1.5 billion in 2024, according to Javier Carbajosa, the Europen country’s former Ambassador to Qatar.
