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Wednesday, 30 January 2019 09:45

Las Tunas in Cuba’s Portfolio of Opportunities for Foreign Investment

Written by Tiempo21 digital staff
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Tourism is one of the sectors with possibilities for foreign investment in Las Tunas. Tourism is one of the sectors with possibilities for foreign investment in Las Tunas.

With 11 projects in the country's Portfolio of Opportunities for foreign investment, Las Tunas confirms its commitment to this strategic line of development, which adds more than half a thousand initiatives aimed at attracting profitable businesses for the island economy.

Las Tunas, Cuba.- Based on a well-defined work profile, local proposals cover sectors such as agriculture and sugar production, electro energetic and tourism, the driving force of the Cuban economy, with a record number of more than four million visitors in 2018.

Regarding the use of renewable energy sources, the construction of two bioelectric plants in the Colombia and Antonio Guiteras sugar mills stands out Colombia and Antonio Guiteras; a project aimed at ensuring that 24 percent of the national generation of electricity by 2030 will not come from fossil fuels.

Covarrubias, a sun and beach destination, and the largest in the province, proposes the construction and trade of several high standard villas.

In addition, food production is enhanced with an investment of more than three million dollars to strengthen shrimp farming in Las Tunas and other territories, a much demanded item in the Asian market.

Other branches, like mining, promote here the development from the search, extraction and processing of metals, as copper, gold, silver and iron.

The 2019 Portfolio of Opportunities for Foreign Investment, presented at the Havana's International Fair, includes 525 projects totaling an estimated investment amount of more than 11 thousand 609 million dollars

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