Ministry of Foreign Trade and Investment. FOREIGN INVESTMENT BUSINESS OPPORTUNITIES IN CUBA Republic of Slovenia October 15, 2013. Sectors where foreign investment is being promoted. Tourism:
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FOREIGN INVESTMENT BUSINESS OPPORTUNITIES IN CUBA
Republic of Slovenia
October 15, 2013
Construction of new hotel facilities, including the development of real estate business associated to the development of golf courses.
Mining:Development of the production of minerals: copper, zinc, zeolite, carbonates, manganese, among others.
Risk exploration contracts in Cuba’s Exclusive Economic Zone in the Gulf of Mexico, as well as on land and in shallow water risk exploration contracts.
Risk contracts to increase production and recovery of already exploited wells.
Energy generation through alternative renewable sources such as wind and bio-electrical sources.
Others:Projects related to the following areas: production of construction materials, agriculture, chemical industry, sugar sector.
The purpose of having participation of foreign capital to develop tourism sector in Cuba is to attract external financing sources needed to supplement the domestic financing sources, to increase the access to tourist-issuing markets and to improve the operation know-how.
Foreign capital investment projects in the hotel businessare those aimed at the construction of hotels, whose investment amounts are deemed significantly high due to their number of rooms to be built and/or their very high standards.
Hotel management and marketing agreements.
Foreign capital investment projects in the non-hotel business
Investment projects to develop golf courses linked to the development of real-estate projects.
Approximate total capacity: 18 000 rooms.
Construction of hotels with no less than 80 rooms.
Tourist clusters that
are being promoted
Hydrocarbon exploration and production activities are developed by the Cuban national oil company Unión Cubapetroleo (CUPET) or in associations between it and foreign companies.
The country has been divided into blocks: 59 in the Exclusive Economic Zone (EEZ) in the Gulf of Mexico and 45 on land and in shallow waters.
Any company interested in negotiating a contract to participate in the production of hydrocarbons in the Republic of Cuba should be classified by the National Office of Mineral Resources (ONRM).
Business Opportunities for the execution of AEI Risk Contracts for knowledge and geological research of base metals of interest in different regions of Cuba
We need to continue increasing the geological knowledge of some of the regions of Cuba, superb prospects for the discovery of new deposits of base metals (copper, lead, zinc).
To carry out the Risk Geological Research (Prospecting-Exploration) we propose the following four regions in the country:
Business Opportunities to execute AEI Risk Contracts for knowledge and geological research of base metals of interest in different regions of Cuba (cont)
At the beginning, we propose the establishment of International Economic Associations (IEA) to develop risk Geological Prospecting areas; starting from the drawing up of a Feasibility Study; should it be positive, it shall be appropriate to submit it to the competent authorities of the Cuban Government for it to evaluate the establishment of a Joint Enterprise for the exploitation, processing and marketing of minerals contained in the specific mineral deposits that may be of interest.
Republic of Slovenia
October 15, 2013