Madrid, May 8 -- Spain will spend about 3 billion euros ($3.39 billion) on developing cybersecurity as part of a new plan for the industrial and technological modernization of the kingdom's security and defense sector, Prime Minister Pedro Sanchez said.

"We are talking about an industrial and technological plan for security and defense ... What is planned to be done? It [the plan] provides for the allocation of 3 billion euros to combat threats by developing cybersecurity systems based on artificial intelligence and quantum computing, in which Spain, fortunately, is well versed," Sanchez said on Wednesday in a speech to the Congress of Deputies, the lower house of the parliament.

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