Kathmandu, Jun 26 (PTI) Nepalese Prime Minister KP Sharma Oil will embark on a six-day official visit to Spain on Saturday to participate in the Fourth International Conference on Financing for Development from June 30 to July 3, foreign ministry sources said on Thursday.
PM Oli is scheduled to hold bilateral meetings with his Spanish counterpart Pedro S谩nchez during the visit, the sources added.
Oli is also expected to sign a Memorandum of Understanding (MoU) on the expansion of bilateral relations and cooperation between the two countries, the sources said.
The Prime Minister will also interact with the Spanish business community during the visit.
Nepali Ambassador to Spain Shanil Nepal said that all preparations for the official visit have been completed, and the Nepali community in Spain is eagerly awaiting the PM鈥檚 arrival, My Republica news portal reported on Thursday.
Former President of Nepal Bidya Devi Bhandari visited Spain in 2021, during which an agreement was reached to cooperate in areas of climate change and tourism.
The Diplomatic relations between Nepal and Spain were established in 1968 but Nepal established a residential embassy in Spain only in 2018.
However, the Spanish embassy in New Delhi takes care of matters in Nepal as it doesn鈥檛 have a separate embassy for the Himalayan nation.
Spain is emerging as a new destination for Nepali labourers. About 20,000 Nepalis are engaged in various businesses and professions in Nepal, the news portal reported. PTI SBP RD RD RD