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Cuba and China to Sign Joint Venture Agreement in Golf

Cuba and China to Sign Joint Venture Agreement in GolfHAVANA, Cuba, Jun 22 (acn) Cuba will sign this week the agreement that will leave officially constituted the second joint venture aimed at developing a large building complex linked to the activity of golf, east of the capital.

Jose Daniel R. Alonso, Director of Business of the Tourism Ministry, confirmed on Monday that the association between state Cuba Golf and Chinese firm Beijing Enterprises Holdings Limited to implement the project in the area Monte Bello will be subscribed on Wednesday.
The official explained reporters from 12 nations present at the 10th edition of the International Seminar on Journalism and Tourism that the project is valued at 462 million dollars and that it’s the second of its kind approved in the country to date.
He recalled that the first joint venture for the development of real estate associated with golf courses was created in early 2014 with the British company Esencia Hotels and Resorts, which will boost an investment estimated at 360 million dollars near the island’s main tourist resort, Varadero.
Daniel Alonso also told journalists that they expect to constitute the third joint venture by the end of 2015.
At the International Institute of Journalism José Martí, the 10th Seminar will promote until Friday exchanges between more than 50 colleagues from Cuba, Chile, Colombia, Ecuador, Bolivia, Italy, Nicaragua, Panama, El Salvador, Honduras, Peru and, for the first time, the United States.

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