Mariel- Open for Foreign Businessmen Who Invest in Cuba (+Photos)

Havana, Nov 2 (Prensa Latina) After three days of the 35th International Fair of Havana (FIHAV 2017), today the businessmen attending this Cuban commercial exchange have their most scrutinizing views in the western region of Mariel.

Bay and territory of broad possibilities for the future of trade in the Caribbean and Latin America, the Mariel Special Development Zone (ZEDM) is the focal point for delegates from over 70 countries that come to FIHAV (October 30 to November 3) , Expocuba site).

The organizers of the meeting pointed out this week that from November 2016 to this date, the Cuban authorities approved 12 new projects from Cuba, Portugal, Switzerland, Canada, Russia, Puerto Rico, Brazil, Spain and France, just for the Mariel zone.

Precisely, the general director of the office of the ZEDM, Ana Teresa Igarza, reported that in total there are 31 authorized users in this area, with an investment amount of over 11 billion dollars.

There are involved 14 countries, for plans of which five are hundred percent Cuban capital, 16 of totally foreign capital, while eight mixed companies appear, and two programs under the modality of International Economic Association.

They mention as examples the projects of the joint Cuban-Spanish companies Logística Hotelera del Caribe S.A., and El Salado S.A., the latter to build condominiums and golf fields.

  • Published in Cuba

More Than 150 Spanish Companies Attend FIHAV 2017

Havana, Nov 1 (Prensa Latina) More than 150 Spanish companies are exhibiting their products and services at the 35th Havana International Fair, FIHAV 2017, which takes place since Monday at ExpoCuba fairgrounds, in this capital, a source from that European country reported today.

The economic advisor at the Spanish embassy in Cuba, Federico Ferrer, told Prensa Latina that the ties between the two nations are very strong, in which some 400 companies of that Iberian nation are settled in this island.

He stressed that Spain has five of 25 pavilions of ExpoCuba -the largest Cuban exhibition site-, which is the most represented country, with a 20 percent.

According to the official, bilateral trade in 2016 exceeded 900 million Euros, and a fifth of that figure corresponded to Cuban exports to Spain, consisting of tobacco, rum, nickel and other metal products and traditional goods.

With regard to trade from Spain to Cuba, which favors the European country, it supplies food, machinery, special tools, water treatment machines, supply for hotels, among others.

Cuba is a very important country for Spain and our businessmen are comfortable on this island, where they are present in many sectors, Ferrer said.

Spain is Cuba's fourth commercial partner, after Venezuela, China and Russia.

The Day of Spain at FIHAV 2017 is celebrated today, occasion in which the pavilions of that nation will be opened, on occasion of the official visit to Cuba by Secretary of State for Commerce of that nation, Maria Luisa Poncela Garcia, to participate in the event.

About 3,400 exhibitors from more than 70 countries are participating in the fair, no less than 30 representatives from Chambers of Commerce and other organizations promoting this activity, as well as 300 Cuban companies.

  • Published in Cuba
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