Foreign investment grows in Cuba despite US economic blockade
![](http://cubasi.cu/sites/default/files/styles/slider/public/1-lam-cuba-invest.png?itok=PcqDohxS)
According to the tweet, five of 29 projects operate in the Mariel Special Development Zone (ZEDM), in western Cuba, where 55 businesses are currently approved, 31 of which are already operating.
In total, eight of 55 projects authorized for installation in the ZEDM consits of purely Cuban capital, 30 with 100 percent foreign investment, 15 joint ventures and two international economic associations.
Those projects generate 11,763 jobs in companies from 21 countries, including 11 multinationals.
The ZEDM shows these achievements thanks to the conclusion of the investment process in the facilities for the final establishment of the new entities.
Among the new companies are Devox Caribe and Tot Color, dedicated to manufacture paints; Industrias Arhtis to produce diapers, and Resa Caribe, in the logistics sector.
In addition, this year, Mariel Solar Energy, which operates wind farms to generate power; Nescor, as a food producer, and Brascuba, which makes cigarettes, were installed in the ZEDM.
Add new comment