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Spain in Review: 20–31 October 2026

This edition of “Spain in Review” covers more than 50 economic, industrial, and technology stories from 20 to 31 October 2026. The main topics include investment, international expansion, artificial intelligence, quantum computing, energy, corporate results, logistics, agriculture, and Spanish culture.

Investment and international expansion

• Repsol: The energy group announced €11.5 billion in industrial and energy projects in Spain through 2030, with around 60% allocated to major industrial sites. Plans include renewable hydrogen, lower-carbon fuels, chemicals, and energy storage.
• COFIDES and Teltronic: COFIDES will invest €50 million in Amper’s acquisition of Teltronic in return for a 32% stake in the subsidiary.
• Resilience Partners: COFIDES will invest €30 million in a fund targeting €150 million to finance innovative and sustainable Spanish companies.
• Alter5: The Spanish fintech received a €300,000 facility to establish a commercial subsidiary in London.
• A study on investment in Latin America found that 744 foreign companies use Spain as a base for investment in the region.

AI, quantum computing, and digital infrastructure

An IQM Spark quantum computer was installed at Madrid Polytechnic University in collaboration with Telefónica. Catalonia’s cybersecurity industry includes 607 companies with combined turnover of €1.76 billion. Microsoft’s data centre projects in Aragón represent a planned investment of €5.3 billion. A draft framework for data centres also addresses energy and water use and digital resilience.

Dachser and Fraunhofer extended their cooperation in AI and robotics through 2029. QIAGEN announced a €13 million innovation centre in Barcelona.

Industry and manufacturing

• Automotive: Production of Leapmotor’s B10 began at the Figueruelas plant in Zaragoza. Spanish automotive associations also discussed changes in the small electric vehicle market.
• Paper and packaging: Saica opened a factory in Barcelona with an investment of more than €100 million. Vidrala reported sales of €1.15 billion.
• Manufacturing projects: FAIN Ascensores is developing a €106 million industrial and technology complex in Madrid. Mars is investing €85.5 million in its Arévalo plant. Cecotec announced a €150 million factory project designed to produce 6,000 industrial homes annually.
• Advanced manufacturing: Sunwafe plans a €670 million solar silicon wafer project in Asturias. Salamanca also has a project to produce prefabricated substations and equipment for industry and power plants.
• Cobre Las Cruces is investing €40 million to recover metals from mining waste. Other industrial developments involve FAIN and companies in water management and recycling.

Energy, power networks, and the green transition

Repsol’s programme includes €11.5 billion in industrial and energy projects through 2030. Moeve allocated €612 million to the energy transition. Iberdrola invested more than €10 billion in nine months, while Endesa’s investment in its distribution network rose by 42%.

• Stellantis announced a €22.8 million wind power and energy storage project.
• The 357 MW Los Guájares pumped-storage power plant in Granada received authorization.
• Spain plans to replace eight million gas meters by 2036.
• The edition also covers proposed sustainability criteria for the biomass and biofuels sectors.

Company results, markets, and real estate

PharmaMar reported recurring revenue of €137.4 million, up 30%, while Indra’s order book reached €22.165 billion. CaixaBank reported nine-month profit of €4.962 billion, and Unicaja Banco reported €543 million in profit alongside 11.4% growth in corporate credit.

Other figures include Acerinox’s €162 million net profit, CIE Automotive’s €275 million profit, 24% revenue growth at Faes Farma, 13.1% revenue growth at FCC, and €1.78 billion in Fluidra sales. Aena reported €1.77 billion in profit and an investment plan of €12.888 billion. Redeia’s investment rose 19.3% to €1.139 billion.

CBRE reported €16.4 billion in Spanish real estate investment during the first nine months of the year.

Ports, transport, and supply chains

• CVC DIF acquired a majority stake in ship repair company Cernaval in Algeciras.
• The Tarragona port multipurpose terminal and rail logistics project is valued at €116.8 million.
• Dachser is developing a €20 million logistics centre in Álava with daily processing capacity of 1,000 tonnes.
• More than 2,000 marine economy professionals attended InnovAzul at the University of Cádiz.

Research, agriculture, water, and biotechnology

CDTI’s Agroecology research call has an initial budget of €25 million. Spain-China cooperation on smart drilling and underground construction, and a Spain-Egypt project using pomegranate peel and modified silica to treat oily wastewater, are also featured. The INNO4H2O consortium is developing smart systems for recycling and industrial water management.

In biotechnology, results were released from the VCN-01 clinical study. The therapy remains investigational; study results alone do not mean it is approved or that its efficacy has been conclusively established. The Spanish olive oil sector is also following possible supply regulation for the 2026–2027 season.

Spanish culture: Cocentaina’s fair

From 30 October to 1 November, Cocentaina in Alicante hosted the 680th edition of the historic Fira de Tots Sants. Rooted in seasonal markets in the Valencia region, the event brings together trade, crafts, local products, agricultural machinery, food, and cultural programming.

A taste of Spain: Migas Manchegas

Migas Manchegas is a traditional dish from Castilla-La Mancha made with stale bread, garlic, and olive oil. The four-person recipe in this edition uses 500 g of stale bread, five to six garlic cloves, 100–150 g of chorizo, olive oil, and optionally 100 g of meat. The bread is lightly moistened; garlic and meat are fried in oil, then the bread is stirred in the same pan until golden and separated. In some areas, migas are served with grapes or a fried egg.

One city, one identity: Cuenca

Cuenca in Castilla-La Mancha stands on rocky heights between the Júcar and Huécar river gorges. Its landmarks include the Casas Colgadas, San Pablo Bridge, the cathedral, and the Spanish Museum of Abstract Art. Cuenca’s historic walled city was added to the UNESCO World Heritage List in 1996.

Secretariat of the Iran–Spain Joint Chamber of Commerce