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Spain has great opportunities for the development of transport infrastructure within the framework of PPPs, especially in partnership with a large local company.
Philippine society is made up of two distinct groups. The first is made up of an elite with great purchasing power and the emerging middle class, which represents approximately 20% of the total population, concentrated in the urban areas of M and they present a clear Western influence in their consumption patterns. The second group, which includes the majority of the population, lives in precarious conditions and its consumption is limited to basic necessities.
Spain has great opportunities for the development of transport infrastructure within the framework of PPPs, especially in partnership with a large local company. Construction companies and consultancies can benefit from this infrastructure boost in a market with great potential and with not yet too much installed competition. In addition to transportation, the water sector and waste management present great opportunities. The renewable energy They could be interested, but the feed-in tariff approved so far slightly limits the potential of the sector (with the exception of hydraulics).
Energy, in general, is a business that will continue to be of great importance in the coming years. In the area of product exports, specialized machinery, automobile components, food products and quality wines are making their way into the Philippine market, as well as specialized clothing, footwear and clothing.
Philippines is positioned as main investment market for ADB infrastructure projects. It has a relatively consolidated and stable Democracy. In the last two decades, the Philippines has achieved a progressive strengthening of the quality of its institutions and the framework for attracting foreign investment and export orientation. However, corruption remains a significant obstacle to operating in the country.
On May 9, 2022, Ferdinand Romualdez Marcos Jr He obtained a clear victory in the presidential elections, with 58,7% of the votes. He has a six-year mandate ahead of him in which he is expected to maintain a continuous line in terms of economic policy, preserving the main axes of orthodoxy and orientation towards the export-investor model of recent decades. Although he will also maintain some controversial elements of his predecessor and openly claims the stage of his father, the Dictator Ferdinand Marcos (1965-86).
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