Many Spanish companies have managed successful projects outside our borders such as the AVE high-speed train from Mecca to Medina. Spain is a world leader in bidding on international development projects with 330 international bids for projects that could result in 190 billion euros of business.
Our companies are bidding on one in every four projects internationally. They are resorting to this formula in order to weather the economic crisis at home, where funding for new projects is not flowing. The strategy has worked well and could continue as the economy at home improves. With a stronger global presence, Spanish companies are diversifying their business and boosting their competitiveness.
