Stay Connected
Atlanta Black Star/Caribbean
CaribbeanNewsWorld

Cuba to Build One of the Largest Resort Complexes in the Caribbean

Posted byBy Dream McClinton | Published on: CommentsComments (0)
Mariel Development Zone, Cuba (Photo via On Cuba Magazine)

Mariel Development Zone, Cuba (Photo via On Cuba Magazine)

HAVANA, Cuba (ACN) — Cuba will sign a contract for the creation of a joint venture this year directed at the development of a golf complex in the province of Pinar del Rio that will be upon completion one of the largest in Latin America and the Caribbean.

Yuslenia Saumell, business specialist at the tourism ministry, said that before the end of the year they will iron out the proposal with the Spanish company that will execute the works alongside its Cuban counterpart in the Punta Colorada project.

She also said that a similar project in El Salado, which is part of the Mariel Special Development Zone, is also in its final approval stage.

Created with the Chinese Beijing Enterprises Holdings Limited company and the British Essence Hotels and Resorts, there are currently two joint firms for the construction of the site associated with golf courses in Bello Monte in Havana and in Varadero resort.

During the International Seminar of Tourism Journalists underway in Havana, with the participation of reporters from 12 countries, the Cuban specialist explained that until now there are over 60 foreign investment projects under negotiation.
Saumell added that new hotel management contracts are expected to be signed his month with Spain and Canada.

She added that there are talks underway with other markets like the United Arab Emirates and China that are interested in exploring investment opportunities in Cuba’s tourism industry.

Among the recent events, she highlighted the signing of two contracts with the US Starwood group belonging to the Marriott hotel chain for the management of the Inglaterra and Quinta Avenida Hotels, both in Havana.

The Cuban tourism ministry has a portfolio that includes 127 projects, of which 25 are for the construction of hotels, 97 for hotel management, with or without foreign financing, and five dedicated to marinas.

There is a program for the construction of 108,000 new rooms, of which 30,000 will be financed with foreign capital from now to 2030.

The foreign investment law was reformed and the business opportunities for tourism were expanded. Tourism is one of the most dynamic sectors in the country and the second source of hard currency for the economy.

Read more here.

Democracy needs journalism it can trust.

This election season, the stakes are higher than usual — and so is the pressure on newsrooms to soften their coverage, stay quiet, or just disappear. Independent reporting, the kind that answers to readers instead of advertisers or political pressure, matters more in a moment like this, not less.

For over 14 years, Atlanta Black Star has stayed independent and reader-funded. We have no corporate owner and no shareholders telling us what to cover or how to cover it. That independence is also our biggest vulnerability: nothing protects it except readers choosing to fund it directly.

Newspaper ad revenue has fallen more than 80% since 2005, and local newsrooms are closing at a rate of roughly two a week nationwide. When outlets go under in a moment like this, it's rarely the independent, reader-funded ones that get to stick around.

We know a request for support isn't why you came here. But without readers choosing to fund this work directly, the depth of reporting we can do at home and abroad shrinks along with everyone else's. If you're not in a position to give, that doesn't change how much we value you as a reader.

If you are able to, a recurring contribution does more for us than a single one-time gift, because it lets us plan the next investigation instead of just the next invoice. It takes about 30 seconds, no long form, no account. Thank you for continuing to support independent journalism and freedom of the press.

Give once Give monthly Support another way

Related Stories

Back to top