Industry to account for 25% of Catalan GDP in 2020, says Puigdemont

The Catalan government will spend more than €1.8 billion by 2020 to help boost the country’s industrial sector. The move is expected to increase the weight of industry in Catalan GDP from 20% to 25%.

After eight months of talks, the Catalan executive finally reached a deal with the major players in Catalonia’s industrial sector, to set a stable industrial policy for the next few years. On Monday July 24, the Catalan President Carles Puigdemont signed the National Pact for Industry, and was joined by sector representatives, such as trade unions and employers’ associations.

The stimulus plan includes some 116 specific actions. According to the Catalan government, the €1.8 billion plan will trigger another €3.1 billion in investment from other public bodies and private companies.