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Sánchez faces Davos as a unique forum to attract new investors

Date: June 10, 2023 Time: 12:42:42

The President of the Government, Pedro Sánchez, faces his fourth participation in the Davos World Economic Forum, which will be held in Switzerland from January 16 to 20. For the leader of the Executive it will be the fourth time that he has participated and the last in this legislature, his objective remains the same: to attract investment to Spain.

Davos was Sánchez’s first international appointment, in January 2020, after being sworn in as president of the current legislature a few days before and at the head of the first coalition executive in the current democratic stage. And this week will be the last time that he attends this forum in his current mandate, since in January of next year the general elections will have been held, scheduled, according to the Government, for next November or December.

“It is about taking advantage of the opportunity offered by a unique and proven forum to obtain new investments for Spain that are added to those that have already had their origin there in previous contacts of the president,” said Executive sources to EFE.

The forum, which will take place under the motto “Cooperation in a fragmented world” and which will again be marked by the consequences of the war in Ukraine, will be held from January 16 to 20, and the head of government will arrive on the afternoon of first day, although he will concentrate his entire schedule on Tuesday, the 17th, to return to Spain the following day.

“Strength and solvency”

In twelve hours it will lead a series of events and meetings in which the Government affirms that it will expose the good data of the Spanish economy, its “strength and solvency”, its better resistance than those of other large countries to the crisis caused by the war in Ukraine, the fact that Spain is the European partner with the lowest inflation or the evolution of the labor market.

It will also highlight the role of Spain as an active member of the European Union and promoter of solutions to specific problems such as the increase in energy prices. They are all aspects that they consider contribute to making Spain a suitable destination for investments in multiple areas.

This is how he will expose it in a speech before the plenary of the forum and in a closed-door meeting with CEOs of multinationals who attend the event and in which he will respond to the concerns that they raise about the economic situation in Spain.

Dow Chemical, Arcelor Mittal, Air Liquide, Qualcomm, Envision and Maersk, and with the CEOs of two investment funds, BlackRock, considered the largest in the world, and Mubadala. There is confidence in the Government that new investments will emerge from these meetings, as they claim has already happened in Davos in the past.

Although Davos will bring together more than fifty international leaders this year and Sánchez will meet and talk with some of them, his contacts will be mainly with those responsible for multinationals and investment funds.

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It will also hold a meeting with the top managers of Spanish companies and financial institutions present in the Swiss town to exchange points of view on the expectations of the forum. He will also meet with the president of the Inter-American Development Bank, Ilan Goldfajn, and with the general director of Oxfam International, Gabriela Bucher. In addition, he will attend the dinner hosted by forum host Klaus Schwab on Tuesday for participants in this year’s event.

The Davos Forum will be held again in January and in person three years after the last time, since, due to the coronavirus pandemic, in 2021 it was held electronically and in 2022 it was postponed to May.

A report from the World Economic Forum presented this week in the run-up to the meeting in the Swiss town ranks Spain as the third country with the greatest deficit of employees in the social sphere, which includes the health, childcare and The education.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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