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Weekly report on Cuba's tourism industry
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Growing Foreign Investment in Cuba's Tourism Sector
Monday, June 27, 2016

Havana.- Foreign investment is gaining ground in the Cuban tourism sector, benefited from projects aimed at improving housing and infrastructure capabilities.

In this direction is expected the signing in 2016 of a contract to create a joint venture that will develop in Pinar del Río a building complex linked to the activity of golf.

Tourism Ministry´s specialists forwarded that is also in final stage of approval a similar project in El Salado, belonging to the Mariel Special Development Area.

Currently they are mixed firms with companies Beijing Enterprises Holdings Limited (China) and Esencia Hotels and Resorts (UK) for the construction of real estate associated with golf courses.

Added to this, the heading of hotel management contracts with Spain and Canada are expected, while business options are evaluated with the United Arab Emirates.



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