Havana, Sunday 16 de December de 2018 09:51 am

Cuba launches its business portfolio at FIHAV

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HAVANA, Cuba, Nov 1 (ACN) A more active participation of the provinces in the promotion of exports, import substitution and attraction of foreign investment characterize the Portfolio of Opportunities 2018-2019, presented on Wednesday at the International Fair of Havana (Fihav 2018).

According to Rodrigo Malmierca Díaz, Minister of Foreign Trade and Investment, the new offer also aims to stimulate projects with an environmental impact. The aim is to bring the proposals in line with the country's policy and the strategic axes and sectors conceived for sustainable development.
He reported that 168 projects linked to livestock, food, light industry, iron and steel, chemical, tourism and mining are incorporated, and 104 that have been completed, have changed their scope or are under negotiation are withdrawn.
Another important aspect pointed out by Malmierca is the updating for the industry sector, focusing on the need to achieve productive chains.
In general, the new Portfolio consists of 525 projects, 69 more than the previous one, and the estimated amount of investment exceeds 11.609 billion dollars, he said.
Of the total of proposals, 45 are in the Special Zone of Mariel Development (ZEDM), 108 belong to the agri-food sector, and only in the province of Holguín 35 will be carried out, he said.
At the time of making a balance of last year, Malmierca Diaz stressed that business were approved for more than two billion dollars, the first time it is achieved.
He mentioned some achievements of the ZEDM, where millions of dollars are invested in the Port and the Container Terminal.
Referring to the results on renewable sources, he said that eight businesses have been authorized -seven of them with totally foreign capital-: four for solar parks, three wind farms and a joint venture for the use of bioelectric energy.
The goal of using 24 percent clean sources by 2030 is achievable and foreign investment will be a determining factor, Malmierca said.

 

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