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Brazil, China top investment favorites by Spanish companies in coming year

Analysis

Brazil and China are listed as the top two investment destinations favored by leading Spanish companies in the coming year, according to a survey released on Tuesday.

The survey, conducted by the world’s leading audit and advisory firm KPMG, showed that some 27% of the Spanish companies expect to invest in Brazil and China within one year, Spanish daily ABC reported. They are followed by the United States, which is considered by about 20% of the surveyed companies as their investment priority.

The survey also showed that Spain’s investment environment has been improved, and the country is expected to draw more foreign investment in the coming years. Official figures showed that Spain drew foreign investment totaling €36.03 billion ($55.85 billion) in 2007, the second highest amount in history. (Xinhua)

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