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TTC Special: Cuba extended its offers to foreign investors

TTC Special: Cuba extended its offers to foreign investors

Foto: TTC

By F. Martin

TTC Service.- Cuba extended its offers and opened more its market to foreign investors around the world during the International Fair of Havana FIHAV 2017, which has just ended.

The Cuban Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca, announced before the attendees of the international fair Cuba that the offer in 2017 included 156 new projects, with a total amount of approximately 3,000 million dollars.

Malmierca presented as predominate in this year’s offer the sectors of tourism, agroforestry, food and sugar, renewable energies and construction, among others. The minister considered “modest” the advances of Cuba in attracting foreign investments in 2017, with 30 projects only.

During FIHAV 2017, the Business Group of Information Technology and Communications of Cuba (GEIC), an important sector of development also in tourism, announced that it promoted specially a portfolio of products and services in the 2017 edition of the Fair.

The entity seeks to implement new business lines to increase its exports.

The GEIC brings together the radio and television operators of Cuba (Radiocuba) and the digital trunking system (Movitel). Also serves individuals inserting them into the program computerization of society, creating synergies, infrastructure and advising them on how innovative technology requires.

“Cuba faces short-term financial limitations but the high participation of businessmen, official delegations and exhibitors in this fair once more shows the interest of the international community to do business with our country,” said Malmierca, at the event’s inauguration.

The fair hosted the second edition of the Cuban business opportunity forum to provide businessmen with information about foreign investment in the country and networking with local partners.

FIHAV is a fair that takes place annually since 1983. It is the most important general trade fair in Cuba and the Caribbean as well as one of the most representatives from Latin America.