Sánchez brings to Davos a message of economic strength in search of new investments

The President of the Government, Pedro Sánchez, travels this Tuesday to Davos to participate for the fifth time in the World Economic Forum held in this Swiss town and to which he will bring a message of strength for the Spanish economy in search of new investments from multinationals, mainly technological.

It will be after presiding over the meeting of the Council of Ministers that Sánchez will travel to Davos, an event in which the Ministers of Economy, Carlos Body, will also participate throughout the week; Foreign Affairs, José Manuel Albares; and Digital Transformation, José Luis Escrivá.

The head of the Executive, according to Government sources, intends to highlight that Spain’s economy is better than that of most of its European partners in the midst of a slowdown environment and that the reforms he is promoting make the country an ideal destination for investments.

Meeting with top managers of Spanish companies

But at the same time, Sánchez wants to analyze the situation with the heads of Spanish companies present in Davos and has summoned them to a meeting on Wednesday with which he will close his agenda on this trip.

Moncloa does not specify which businessmen will attend because it states that the list is being closed, although it assures that an invitation to that event has been extended to all those participating in this edition of the World Economic Forum.

The president of Ferrovial, Rafael del Pino, is one of them, and the question is whether he will attend the meeting with the President of the Government after last year he decided to move his headquarters from Spain to the Netherlands.

The presence at the Forum of the top managers of Spanish firms and entities such as Telefónica, Banco Santander, BBVA, Repsol, Iberdrola and Cepsa, among others, is also expected.

Sánchez wishes to exchange points of view with them on the issues that are at the center of the forum this year and they will be able to address some aspects of the political and economic situation in Spain at a time when the employers’ association has distanced itself from the agreement between the Government and unions to raise the minimum wage 5%.

The Government will not move forward if the announcement of some new investment can come out of the meetings with the representatives of the multinationals with whom the Chief Executive will meet because it is stressed that they are sensitive issues that cannot be anticipated until they materialize.

More than fifty heads of State and Government attend

Among the 2,800 registered participants from some 120 countries there will be more than fifty heads of State and Government, and Sánchez will be able to meet with some of them although there is no closed meeting a priori because the economic nature of the meeting has been prioritized.

For this reason, in principle, there is no meeting planned with any leader with whom he could meet for the first time, such as the recently elected president of Argentina, Javier Milei.

After arriving this afternoon, Sánchez will hold a meeting with the CEO of the technology company Cisco, Chuck Robbins, to follow up on some of the big projects he has in Spain.

Afterwards, he will attend a dinner organized by the multinational Intel with the presence of several international leaders and CEOs of various companies and will attend a reception by the technology company Qalcomm, with whose CEO, Cristiano Amon, he will meet.

On Wednesday he will participate before the plenary session with a speech in which he will present the situation of the Spanish economy, but before that he will meet with the CEO of Siemens Energy, Christian Bruch; He will hold another meeting with the CEO of the pharmaceutical company Sanofi, Paul Hudson; the co-director of the Bill&Belinda Foundation, Bill Gates; and Google’s President of Global Affairs, Kent Walker, and will attend a lunch organized by this company.

His agenda is completed with a meeting with the CEO of Fujitsu, Takahito Tokita, his participation in a closed-door event in which around twenty political leaders, international organizations and analysts on the situation in the Middle East will participate, and several interviews. on television channels specialized in economic information.

By Mian Saeed Ahmed Khan