Over 300 Investment Requests Received for Mariel Development Zone, Cuba Says

Over 300 Investment Requests Received for Mariel Development Zone, Cuba Says

HAVANA – Cuba has received more than 300 investment requests for the
Mariel Special Development Zone, or ZEDM, the first project of its kind
on the island, state media reported.

"The requests received are in the process of having their respective
documentation prepared," ZEDM Office director Ana Teresa Igarza told the
Prensa Latina news agency.

The development agency did not provide any additional information about
the organizations or corporations that submitted applications to invest
in the ZEDM, located in the town of Mariel some 45 kilometers (28 miles)
west of Havana.

"The approved projects are in the process of mercantile registration and
will be revealed once they are established at the site," Igarza said.

The Mexican Foreign Relations Secretariat said earlier this year that
Mexico's Richmeat had become the first foreign company to get approval
for an investment project in the ZEDM, which officially started
operating more than a year ago.

Cuba said in November that companies from about 30 countries, including
Spain, Italy, China, Russia, France, Vietnam, Brazil, Mexico, the
Netherlands and Canada, had submitted investment proposals for the
Mariel development zone.

Cuba envisions Mariel and other special development zones planned for
the future as growth engines and means of increasing exports, attracting
foreign investment and creating new jobs.

Source: Latin American Herald Tribune - Over 300 Investment Requests
Received for Mariel Development Zone, Cuba Says -
http://www.laht.com/article.asp?CategoryId=14510&ArticleId=2381977