Spain’s shipyards to receive over $640m in government financing through 2029

In 2024, the government provided a total of €41.14 million (US$47.4 million) in funding for the country’s shipbuilding industry as part of the program.

That same year, Spanish shipyards signed a total of 40 shipbuilding contracts with a total value of more than €1.5 billion (US$1.7 billion), regarded as one of the highest order volumes in more than a decade.

Local media said the government attributed this achievement to the implementation of the financing program.