Madrid (Notimex) -- The City of Madrid delivered to the Mexican Minister of Foreign Affairs, Luis Videgaray, the keys to the building that Casa de Mexico (House of Mexico) will occupy in Spain.
The aim is to promote Mexican culture, society, economy and sport in Spain.
Madrid Mayor Manuela Carmena handed over the keys to Videgaray during her visit to the 12th Meeting of the Binational Commission Spain-Mexico.
The house (pictured above) will have no budgetary impact for the Mexican government, since the Madrid City Council approved a free concession of the property for 10 years renewable up to a maximum of 50 years.
The works required for the building will be financed by the Casa de Mexico Foundation in Spain, headed by entrepreneur Valentín Díez Morodo, head of the Mexican Business Council for Foreign Trade, Investment and Technology (COMCE, for its acronym in Spanish).
The 2,700-square meter building was designed by architect Luis Bellido in the 1920s, and is located in the street of Alberto Aguilera, in the Argüelles neighborhood.
In an interview with Notimex, Díez Morodo said that it will depend on the City Council's own permits to start rehabilitating the house, but that the aim is for its doors to open to the public in 2018.
He added that companies in Mexico and Spain have expressed their interest in contributing to this project, which will serve "as a projection of culture, but also tourism, gastronomy, education, sport and business".
He said that there are projects for exhibitions, cultural events, and government departments interested in carrying out activities in Madrid.
Díez Morodo added that the project will include a cinema, meeting rooms, a restaurant, classrooms, business innovation and virtual kiosks to promote tourism and sports in the country.
It will also host a library by the Economic Culture Fund (FCE, for its acronym in Spanish), the Octavio Paz Library (which currently holds 14,000 volumes) and spaces for workshops, conferences and seminars.
Photo: Carlos Meza/Notimex