Argentine Entrepreneurs Interested in Doing Business in Cuba

Scores of Argentine businessmen attended the presentation Cuban Minister for Foreign Trade and Investment, Rodrigo Malmierca, made in this capital on business opportunities in the Island.

Malmierca, who traveled to Argentina representing his government to the inauguration of President, Mauricio Macri, and taking place today, met yesterday night with a group of businessmen at the Cuban embassy in Buenos Aires.

The minister particularly praised the facilities the companies interested in investing in Cuba offer to the Mariel Special Development Zone, a large port in western Havana, where a vast infrastructure for the establishment of companies has been created.

He also highlighted the new investment portfolio that includes 326 projects in some 12 production and service sectors, valued at $8 billion USD, which are supported by a feasibility study for each of those projections.

Of that amount, some 94 projects are intended to further promote tourism, which has become an important engine of the Cuban economy. He stressed that more than three million tourists are being already received annually, and an increase in the coming years is expected.

Malmierca said Cuba currently maintains economic relations with 75 countries, with increasing exchanges in trade, finance, investment and cooperation, from which 200 joint ventures operating on the island have emerged.