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28 Apr 2015 8:00 - 11:00 Business Sweden, Ekelundsgatan 1, Gothenburg

Seminar: Canary Islands – A geostrategic enclave for offshore services

The Canary Islands are located just 90 km away from the African coast. Its privileged geographical location allows providing services and supplies to ships and oil rigs from all over the world. The Canary Islands are an excellent commercial and logistic platform that facilitates and enhances the air, sea and technology between Africa, America and Europe.

The Canary Islands ideal geographic position as the Southern gateway to the European Union and the tri-continental bridge between Africa, America and Europe makes the islands an excellent platforms for trade and business. The islands have close ties with Latin America and they also have strong trading and institutional links with West Africa, which enables investors to use the Canary Islands for tackling strategic projects in these continents.

The Canary Island ports are centres of reference in the Mid-Atlantic for ship and oilrig maintenance and repair works. In 2013, 593 ship and 36 oil rig repairs were made in Canarian Ports and an increased level of activity is expected in the future. The Canary Islands Government is encouraging companies to use the region as a hub to offer services to the Oil and Gas sector as well as deliver projects and operations in Sub Sahara Africa from a secure European region.

Why the Canary Islands?

  • Increasing activity of the Oil and Gas industry in the region to cover the triangle: Brasil, Gulf of Mexico and Gulf of Ghana
  • International companies establishing in the region to give support and service to their customers
    • Bertling, Rolls Royce Maritime, CCB Bergen, OTECH, Hydramar, etc.
  • Expose specific business opportunities within the Canary Islands
    • EU security and quality standards
    • Access to knowledge and expertise Human Resources
    • Lower operative costs
    • The best equipped and service deep water port of the region with continuous increasing capacity
  • Attractive fiscal incentives and the possibility to pay 4% corporate tax rate and 0% withholding tax rate within the ZEC regime
  • Co-investment tool to innovative projects

Read the preliminary programme here.

We look forward seeing you at the seminar! Please register below.

The registration for this event is overdue. Please contact us for more information.

Further information

Malin Backman
E: malin.backman@business-sweden.se 
T: +34 91 444 26 04