MIAMI, United States. — The Mariel Special Development Zone (ZEDM), the Cuban regime’s big bet to promote foreign investment on the island, still does not offer the expected results.
According to the official newspaper Granmathe ZEDM currently has only 39 businesses in operation, a remarkably low figure when more than eight years have passed since its opening.
Oscar Pérez-Oliva Fraga, Business Director of the Zone, pointed out at the recent International Transport and Logistics Fair that there is also a concessionaire and seven reinvestments, and that the total sum of approved projects reaches 69.
In statements collected by Granmathe official recalled that the ZEDM has the purpose of promoting the sustainable economic development of the Island, through the attraction of foreign investment, technological innovation and industrial concentration.
Likewise, he specified that the Zone has a modern infrastructure, in which two RMG stand out for the loading and unloading of merchandise.
Pérez-Oliva also assured that the attraction of investments this year in the ZEDM, specifically in energy and food production, is higher than in previous periods, “despite the complex situation in our country and the global economic crisis.”
Of the total number of projects approved in the Mariel Special Development Zone, 29 belong to the industry sector, 12 to logistics and transportation, and 10 to the food industry. The rest of the businesses correspond to sectors such as construction, oil and energy, agribusiness, medical devices, biotechnology, medical devices, renewable energy, real estate, finance and tourism.
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