Mexican President-elect Enrique Peña Nieto said Monday that his administration would move ahead with the deal cut by state-owned oil giant Pemex with shipyards in the northwestern Spanish region of Galicia for the construction of floating hotels.

"I have vowed that my government will continue with the procedures started," Peña Nieto said in a press conference after meeting with Spanish Prime Minister Mariano Rajoy in Madrid.

The flotel deal will benefit both Mexico and Spain, Peña Nieto, who takes office on Dec. 1, said.

Mexico will move forward with the agreements because they will "provide mutual benefits for both the contractor and for Pemex itself," Peña Nieto said.

"It's an issue that goes well beyond a purchase of hotel ships since it is a transfer of technology that generates mutual benefits," the president-elect said.

Peña Nieto said in response to another question about the deal that after obtaining information from Pemex, "I have backed continuing with the procedures to bring about and finalize this agreement."

Pemex International signed two contracts worth nearly 300 million euros (about $390 million) for the construction of two flotels at shipyards in Galicia.

Galician regional government head Alberto Nuñez Feijoo presided over the signing of the contracts on Sept. 29 and said the deal was part of an agreement reached in May with Petroleos Mexicanos, or Pemex, for the construction of several ships in the northwestern Spanish region.

The contracts were signed by Pemex International's representative in Spain, Jose Manuel Carrera, the head of Spanish state holding company SEPI, Ramon Aguirre Rodriguez, and Barreras shipyard general manager and majority shareholder Jose Garcia Costa.

SEPI owns the Navantia shipyard, which is involved in the project.

The Mexican President-elect met on Monday with Rajoy and Spanish business leaders, telling them that he wanted cooperation with Spain to "grow even more."

Peña Nieto's visit to Spain is part of a tour of several European capitals ahead of his inauguration. EFE