Mallorca projects: 35 plans could bring €365m investment

Thirty-five business projects are intended for Mallorca, part of 51 proposals that could generate around €365 million of investment across the Balearic Islands. The Balearic Government presented the figures in Palma on 10 September. Its Strategic Projects Acceleration Unit, a one-stop office for major schemes, has handled the proposals since starting work in December 2025.

Fourteen proposals have reached a more advanced stage and six have already applied for special strategic-interest project status, known as PEIE. Ten are awaiting further information, 17 have been sent to other departments and five have been rejected. Five of the projects are planned for Menorca and three for Eivissa.

Funding and land hold back plans

Lack of funding is the most common reason projects have not progressed further, affecting 29% of cases, said the director general, Bàrbara Barceló. Planning rules are the obstacle in 26% and a shortage of suitable land in 18%.

In some cases, the plot selected for a scheme does not have the permitted use. Applicants are seeking information on whether a PEIE application could allow that to change. Industry accounts for 22% of the proposals, followed by innovation at 18% and agriculture at 16%.

Those approaching the unit most often want funding, at 33%, while 23% seek advice. A further 16% want faster procedures and 12% ask about regulatory exemptions.

Government launches investor catalogue

Alongside the update, the Balearic Government launched a catalogue bringing tax incentives, finance options, infrastructure, innovation support and administrative help into one document. It will also link to a regularly updated database of temporary grants and calls, with alerts available for opportunities that interest companies or investors.

Among the measures is the Balearic Islands Investment Reserve, or RIB. Subject to the rules, it can cut the tax base by up to 90% of undistributed profit. Vice-president and Economy Minister Antoni Costa said the islands want to draw investment into higher-value sectors rather than rely only on tourism.

Topics: Agriculture · Tourism · Politics · Economy

Source: Europa Press / Mallorca.com