Óscar López highlights the potential of Spain's 'digital third way' to international investors

The Minister for Digital Transformation and Public Function, Óscar López, during his speech at the 'Spain Investors Day' forum

During his speech at the 15th edition of the Spain Investors Day forum, López explained that this third way involves implementing "a true technological humanism that makes democratic principles and ethical standards compatible with powerful digital development."

The minister emphasised that the Government of Spain's message to international investors is that "technological humanism, combined with economic security and responsible innovation, is the formula for success," and invited them to "join Spain's digital ambitions," through "public-private partnership formulas."

In this regard, López highlighted that Spain is investing 40 billion euros in technologies such as Artificial Intelligence (AI), 5G, 6G, supercomputing and cybersecurity, with projects such as the national AI strategy (1.5 million euros) or the more than 12 billion euros that, through the Perte Chip, support the semiconductor and microelectronics industry. The minister explained that, in order to facilitate and speed up this investment, "the Government has created the Spanish Society for Technological Transformation (SETT), which "with its budget of 16 billion euros is financing initiatives such as the Intel-BSC Lab, the Spain Audiovisual Hub and the first Cisco design centre in the European Union."

Moreover, López added that "thanks to its specialisation, SETT can serve as a 'one-stop shop' for investors to analyse risks and trends before making investments in AI, robotics, quantum technology, audiovisual initiatives or chips."

The minister invited investors to consider the potential opportunities of a country with "leading renewable and affordable energy, outstanding logistical capacity, high labour productivity, strong GDP growth, low inflation and advanced digital infrastructure."

Non official translation