Latin American investment in Spain has steadily increased over the years, with Mexico and Argentina leading the way, with technology, real estate and finance being the most attractive sectors.
More than 500 Mexican companies came to Spain and, in total, invested more than 30 billion euros.
In this situation, Antonio Basagoiti, Head of the Spanish Commerce Chamber in Mexico (Camescom), emphasized the significance of preserving and enhancing the current channels of communication and economic connections between Mexico and Spain.
“Mexican companies are very welcome.” “With their arrival in Spain, they act as a bridge for us to diversify towards Europe,” Basagoiti told Efe.
According to Camescom’s internationalization department, the focus of Mexican investment over the last three years has been in the construction, real estate, hotel, and financial sectors, with the majority of the funds going to the Madrid region.
Argentina is the second-largest Latin American investor in the Iberian Islands after Mexico, with a total investment portfolio of over €9.4 billion.
Large Argentinian multinationals are active in Spain in the fields of technology services, food, and pharmaceuticals, but in recent years, small and medium-sized enterprises and start-ups in the technology, logistics, and gastronomy sectors have also started to invest.
“After the pandemic was over, many Argentinian companies were waiting to take the plunge to explore new markets,” said Gonzalo Szybut, executive director of Asaede, a community for Argentinian entrepreneurs want to expand in Europe.
Barcelona, in particular, has served as a starting point for Argentine technology companies.
In fact, the Argentine Consulate General and Promotion Center in the city opened a technology center in Barcelona last year with the participation of dozens of Argentine companies.
“Barcelona is a platform for accessing the different markets of the European Union,” Ezequiel Coppari, Argentina’s deputy consul in Barcelona, told Efe.
