Eduardo González
International investors will meet tomorrow in Madrid with the main Spanish listed companies and with the highest authorities of the Government of Spain and the regulatory and supervisory bodies of the market on the occasion of the celebration of the fourteenth edition of the international financial forum Spain Investors Day (SID).
The event will be held on January 10 and 11, 2024 at the Mandarin Oriental Ritz hotel in Madrid and its main objective is to make known the economic reality of Spain and the plans of its companies to investors from all over the world, as reported by the organizing company, Estudio de Comunicación. It is “a unique opportunity to reinforce confidence, in an uncertain environment,” it added. Among the participants will be more than 40 Spanish companies that represent more than 70% of the market capitalization of the Ibex 35.
In the opinion of ICEX- Invest in Spain, dependent on the Government and sponsor of the SID, the forum will help to “encourage and strengthen confidence in Spain and consolidate the Spanish economy as a pole of attraction for investment in a challenging context, marked by major factors. macroeconomic and geopolitical, such as the War in Ukraine and the conflict between Palestine and Israel, as well as the evolution of inflation and interest rates, which have forced changes in the profile of investors and in the behavior of companies”.
Attendees – among whom there will be representatives from the energy, financial, tourism, real estate, infrastructure and telecommunications sectors – will analyze the challenges and opportunities offered by the market and Spanish companies “at a time when caution prevails, “waiting for the development of the current geopolitical situation that decisively affects the global economy,” ICEX continued.
The forum will be inaugurated on Wednesday by the Minister of Industry and Tourism, Jordi Hereu; the vice president of the European Central Bank and former Spanish Minister of Economy, Luis de Guindos; and the mayor of Madrid, José Luis Martínez-Almeida.
That same day, several round tables will be held on strategy and management of environmental, social and good governance (ESG) factors in times of transformation, the role of large investors in the development of the Spanish economy, the Spanish economic scenario, the ecosystem of artificial intelligence in the Spanish business fabric and the contribution of the biotechnology sector to research and innovation in Spain. The day will include a lunch chaired by Teresa Ribera, third vice president of the Government and minister for the Ecological Transition and the Demographic Challenge, and an official dinner at the Madrid Stock Exchange Palace chaired by the Minister of Foreign Affairs, José Manuel Albares, the governor of the Bank of Spain, Pablo Hernández de Cos, and the president of the CNMV, Rodrigo Buenaventura.
Thursday’s event will include a breakfast and a round table on investments in Madrid, with the participation, among others, of Isabel Díaz Ayuso, president of the Community of Madrid, and another round table on the challenge of the green transition in the industry in Spain, with the participation of Manuel de la Rocha, Secretary of State and director of the Office of Economic Affairs and G20 of the Presidency of the Government.
Between both round tables there will be a lunch chaired by Carlos Cuerpo, Minister of Economy, Commerce and Business. The forum will conclude at 5:30 p.m. with a closing ceremony chaired by the President of the Government, Pedro Sánchez, in which Xiana Méndez, Secretary of State for Commerce and President of ICEX, and Benito Berceruelo, President of Spain Investors Day, will participate.
