Three Spanish companies have expressed interest in investing in the Philippines, particularly in maritime infrastructure, renewable energy and defense-related projects, following a meeting with the Board of Investments (BOI).
Spanish firms GEOMYTSA (Geofísica Mar y Tierra S.A.), PROES Consultares and AISTER Aluminum Shipyard presented their investment interests and explored potential collaboration frameworks with Philippine counterparts at the BOI office in Makati City in October.
The delegation, which met with Trade Undersecretary and BOI managing head Ceferino Rodolfo, showcased their expertise in marine geophysics, coastal and port engineering, renewable energy and naval platforms.
Rodolfo underscored opportunities in shipyard rehabilitation, naval base development, offshore wind port facilities and subsea cable landing areas. He expressed the BOI’s support in linking the Spanish firms with local stakeholders to advance collaboration in these key sectors.
GEOMYTSA committed to bring in marine and terrestrial geophysical surveying, offering bathymetry, seabed mapping and environmental monitoring services.
PROES, as part of Spain’s Amper Group, is a multidisciplinary engineering and architecture firm with projects in water, energy, transport and sustainable infrastructure. AISTER Aluminum is a global leader in aluminum workboats, supplying patrol and search-and-rescue vessels to over 30 countries including the Spanish Navy.
The BOI presented the government’s fiscal incentives and the “Green Lane” initiative, which fast-tracks permits and licenses for strategic projects.
It also presented the Self-Reliance Defense Posture (SRDP) Act, which could open opportunities for Spanish defense-related investments to qualify for incentives.
