The CEO of the group described the Friday development as incredible, ridiculous and dangerous. The state will announce that the railway will move its registered office to the Netherlands, while the Ferrovial chairman, Rafael del Pino, faced comments that used first and last names and created distrust among investors.
According to the leader of the business association, the issue is not about blaming a company but about actions by specific individuals. People are scrutinized, sought out, and targeted, which can harm reputations. The remarks echoed criticisms aimed at business figures such as Juan Roig of Mercadona and Amancio Ortega, founder of Inditex.
In interviews, the business association president emphasized that entrepreneurs are the solution, not the problem. He argued that reactions from high-level political figures send a negative signal to investors at home and abroad about Ferrovial’s departure and the ensuing uncertainty about the business climate in Spain.
Ferrovial will become the 15th largest listed company in the Netherlands
There is a view that Ferrovial has not shown a broad pattern of imitation by other firms, but the president called for more respect from the corporate sector and from public officials. He imagined the presence of prominent Spanish business leaders like Rafaeles del Pino, Juan Roig, and Amancio Ortega in every province, suggesting it would be a powerful symbol of national economic strength. He warned that daily messages from ministers can undermine confidence in the market.
Asked about the current stance of Spanish companies toward international markets, the leader noted that North America presents a stable platform for growth and investment. He believes that Spain should maintain a practical, prudent approach to business expansion. The perception is that when a Spanish firm becomes a multinational, it can grow into a major regional player.
When questioned about the recent decisions of Spain’s government, the leader pointed out that businesses seek clear legal frameworks and consistent regulatory environments. He highlighted Ferrovial’s commitment to its international expansion strategy, emphasizing legal certainty, regulatory stability and high standards of quality. The overarching message is one of trust, since Ferrovial relocated to a tax-friendly European jurisdiction to secure long-term certainty.
Ferrovial doubles down on its stance: a favorable environment in the Netherlands and a reliable legal system
The business association head reminded audiences that Ferrovial remains a global enterprise, supporting thousands of jobs in Spain and contributing substantial tax revenue. He praised the Del Pino family as major builders of wealth and economic progress in the country.
He stressed that Ferrovial owes nothing to anyone and earns opportunities by competing fairly. When jobs arise, they are the result of competitive processes. If Spain wants to sustain its appeal, the government should foster conditions that help companies feel confident about operating here. He cautioned that discrediting campaigns are not productive, urging officials to focus on constructive engagement rather than to undermine corporate efforts.