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The Mariel Special Develoment Zone (ZEDM), considered essential to boost economic development in Cuba, awakens increasing interest among foreign businesspeople.

The Caribbean nation is announcing proposals by around 15 investors from countries as Spain, Russia, Italy, China and Brazil, interested in setting up in the mentioned zone, where companies from those nations could be working by the second half of the year, according to a report in a presentation during the 10th International Construction Fair.

ZEDM Regulating Office Director Ana Teresa Igarza said the entity is working with a group of investors that are maturing their feasibility studies, especially the sectors of the traditional and food and agriculture industries, and biotechnology.

The intentions to invest are still on and increase, and the prospects are that after the current half of the year, at the latest, a group of files are ready to be processed, he said.

The zone, located 45 kilometers west from Havana, will have a special regime with more advantages to investors.

Cuba has reiterated that the intermediary employers will not have a collection motive. This will encourage investors to be motivated, because they have to pay less and so the workers, because they receive higher salaries, thus production increase is stimulated, the official said.

Brazilian and Cuban Presidents Dilma Rousseff and Raul Castro, respectively, opened in January the first stage of 700 meters of the container terminal at Mariel port, the main facility in the area.

Source: Prensa Latina

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