Puerto Rico, one of the markets with the most opportunities for Spanish investment in construction 4.0

From energy or highway projects, to the construction of a naval base

80 representatives and more than 30 companies from Puerto Rico have visited the most important infrastructure and urban regeneration projects in Spain and Europe, on the occasion of the MCA-Puerto Rico Mechanical Contractors Association- convention in collaboration with Gedeth Network.

---

 

The solutions development sector 4.0 construction For municipalities, from resilient infrastructure, energy, water or transport with resource utilization, it has in Puerto Rico one of the markets with the most investment opportunities, an interesting market open to proposals from Innovation in construction and smart cities by Spanish companiesIn fact, the country has the largest investment of federal funds, more than $80 billion for its reconstruction, as has been confirmed  Chausey Ching, President of the Mechanical Contractors Association of Puerto Rico, (MCA) who visited Spain last week with a delegation of 80 representatives and more than 30 companies from the Puerto Rican mechanical construction industry in collaboration with Gedeth Network.

 

A delegation of companies and institutional representatives from Puerto Rico visits Spain

 

Within the framework of the MCA Convention Several activities have taken place in Spain, such as a meeting on July 27th in the Riojan Center of Madrid with the participation of John Coronado, Senior Commercial Officer – US Embassy in Madrid, Spain who spoke about the excellent relations and business prospects between Spain and Puerto Rico.

 

During this meeting, Spanish companies such as Ferrovial or FCC alongside institutions such as Madrid City Council, Madrid World Capital (MWCC) and ICEX which has supported the development of the largest adventure park in Europe which will be installed in Cuenca by the company of Puerto Rico Toro Verde They have been able to learn about the opportunities that Puerto Rico offers.

 

The country is undergoing its largest ever investment of federal funds, with more than $80 billion earmarked for the reconstruction of Puerto Rico.

 

Chausey Ching, president of the MCA He explained how “our main objective is to identify investment opportunities and establish strategic alliances with Spanish companies in the sector. We seek to identify partners in Spain who can collaborate with us to strengthen and expand the mechanical construction industry in Puerto Rico. In addition to establishing alliances, our purpose is to provide added value to MCA membership so that companies can take their businesses to the next level and take advantage of new opportunities.”

 

In addition, the delegation was able to visit Madrid Nuevo Norte where Luis Martín de Ciria, director of Crea Madrid Nuevo Norte CommunicationHe explained the details of the project to the delegation, one of the largest urban regeneration projects in Europe. They were also able to see, guided by David García Nuñez, president of Madrid World Capital and communications director of FCC, the engineering challenge of the project ESB - Santiago Bernabeu Stadium - developed by FCC Construction.

 

Puerto Rico, an investment opportunity for Spanish companies

 

In addition to the country's strong investment, Puerto Rico is a gateway to both the American and Latin American markets, has a tax policy with attractive tax exemptions, and cutting-edge professional talent not only in traditional sectors but also in many others such as aerospace, where, according to data from the Puerto Rico Department of Economic Development, the country has gone from 800 to more than 10.000 workers in the aerospace sector in just eight years.

 

The Puerto Rico Department of Economic Development has already conducted several missions to identify opportunities in various sectors and convey this message to all Spanish companies. This visit is part of a broader effort to strengthen these relationships and foster new partnerships. “For the past 18 months, we have been working in collaboration with the Spanish government, and these efforts are bearing fruit. For example, the Puerto Rican company ToroVerde is currently developing an adventure park in Castilla-La Mancha, with a multi-million dollar investment,” explains Soraya Morón, Assistant Secretary for Entrepreneurship and Business Development at the Puerto Rico Department of Economic Development and Commerce.