Over 300 foreign companies interested in investing in Cuba

The port at Mariel Harbor about 40 kilometres west of Havana is set for infrastructure and massive development. Over 300 foreign companies have indicated interest in investing at the Port of Mariel Special Development Zone.  This will bring in much-needed foreign investment to the country and develop infrastructure such as roads, water and sewage facilities.

More than 300 foreign companies are interested in investing at the Mariel Special Development Zone, whose requests are being under registering process and will be announced once they are settled at the place.

The announcement was made by the general director of the Office managing the special zone, Ana Teresa Igarza during an on-line entrepreneurial forum prior to the Summit of the Americas to be held on April 10 and 11 in Panama.

The Special Zone at the Mariel Harbor, west of Havana, has space for different industrial sectors and includes the offer of modern services, and there are companies already settling in the area, said the official.

At present basic infrastructure is in the works to set up internal roads, electricity services, water and sewage, communications and street lighting. Other works are focusing on the canal leading to the bay, where they are deepening the depth from 13.5 meters to 18 meters.

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The container terminal at Mariel is being managed by Singapore’s PSA Company, which expects to expand the piers up to 2 thousand 400 meters, with operational capacity for three million containers a year.”

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