Cuba’s Council of Ministers approved a new portfolio of foreign investment opportunities in the country, which aims to increase the number of projects aimed at supplying the domestic market with basic necessities and supplies for national industry.
This was highlighted by Ana Teresita González Fraga, first deputy minister of Foreign Trade and Foreign Investment, at the most recent meeting of Cuba’s highest executive and administrative body, and specified that this update has 729 projects.
The Presidency’s website reports that in the session led by the Prime Minister of the Republic, Manuel Marrero Cruz, the deputy minister said that they worked to achieve an increase in investments in sectors such as food production, industry, mining and transportation and logistics.
González Fraga also highlighted novel aspects such as the presentation of 139 projects by local governments, 38 of which are new opportunities that will be sponsored by them.
The new portfolio of opportunities will be announced at the Foreign Investment Forum to be held during the Havana International Fair (Fihav), from November 6 to 11 at Expocuba
