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Countries of the Gulf Cooperation Council Facility

The key 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
    • Infrastructure
    • Information and Communication technology
    • Tourism
  • Types of financial support:
    • Capital holdings
    • Subordinated loans
    • Subordinated joint venture loans
    • Joint venture loans
  • Ceiling: €30m with a maximun of up to 70% (FIEX) and 80% (FONPYME) of the total project investment. Capital holdings are limited to 49% of the project company’s share capital.
  • Minimum: €75,000
  • Present capital endowment (2016): €25m
  • Access: Applications must be submitted to COFIDES.
  • Eligible countries: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Oman and Bahrain.

 > Other financial instruments

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Last update...2018-01-19