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Cuba seeks to attract foreign investment at business fair

Staff Writer |
Cuba will seek to attract foreign investment with a new business portfolio to be unveiled at the International Trade Fair of Havana (FIHAV 2016) scheduled for between October 31 and November 4.

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Cuba's Minister of Foreign Trade and Investment, Rodrigo Malmierca, said the Caribbean nation has updated its business opportunities to include the largest number of projects for foreign investment.

Malmierca said the business portfolio added new proposals under a recently approved foreign investment law and included all priority sectors for the island, including tourism, renewable energy, oil exploration, food imports and nickel mining.

"This year's trade and business fair will show the trust and consolidation that foreign investors have in the Cuban market, through the participation of companies from 75 countries and 15 high-level delegations, including ministers," Malmierca said at a press conference with local media.

The minister also said that a number of investment opportunities have been withdrawn from the portfolio, as these were already under negotiation and close to being finalized.

FIHAV 2016 will be the largest of its kind in terms of exhibition area. It will extend over 18,400 square meters, about 2,000 more than last year, in a convention center on the outskirts of Havana.

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