Cuba expands investment offers aiming to attract foreign capital

Source: Xinhua| 2017-11-01 10:25:00|Editor: Liangyu
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HAVANA, Oct. 31 (Xinhua) -- The Cuban government presented on Tuesday the fourth edition of its investment portfolio with 156 new projects out of a total of 456, to seek participation of foreign investors.

After unveiling the portfolio at the 35th International Havana Trade Fair (FIHAV), Rodrigo Malmierca, minister of foreign trade and investment, explained the 156 new proposals could attract over 3 billion U.S. dollars out of a total of 10.7 billion dollars proposed in the portfolio.

Malmierca said that the offer is now "more integral, with greater diversity, and according to the policies defined by the nation."

The investment opportunities are allocated throughout the country, including 50 of them at the Special Development Zone at the mega port of Mariel, but tourism remains the sector with the most opportunities within the portfolio.

Malmierca pointed to the inclusion of cultural activities, which aims to increase the export of national cultural products.

He said the content of the 2017-2018 portfolio corresponds to state plans for the development of the national economy until 2030.

FIHAV is considered the most important business congregation in Cuba, attended by about 3,400 representatives from companies in over 70 countries.