
>> Other financial instruments
Countries of the Gulf Cooperation Council Facility
Countries of the Gulf Cooperation Council Facility
The most relevant characteristics of the financial support provided are as follows:
- Eligible projects: viable projects undertaken in Countries of the Gulf Cooperation Council and involving some manner of Spanish interest.
The priority sectors are:- Water treatment
- Renewable Energy
- Infrastructures
- Information and communication technologies
- Tourism
- Types of financial support:
- Capital holdings
- Subordinated loans
- Subordinated joint venture loans
- Joint venture loans
- Ceiling: 25 million euros or 70% (FIEX) and 80% (FONPYME) of the total project investment. Capital holdings are limited to 49% of the project company’s share capital.
- Minimum: 250,000 euros
- Present capital endowment (2012): 35 million euros.
- Access: applications must be submitted to COFIDES.
- Eligible countries: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Oman and Bahrain.
>> Other financial instruments
