Cuba Initiatives: British companies to invest $400m
greements were signed in Cuba during an economic forum that brought together 32 British companies.
HAVANA:
British companies will invest $400 million in Cuba initiatives, in areas that include agriculture, tourist infrastructure and energy, a business delegation said. Agreements were signed in Cuba during an economic forum that brought together 32 British companies. British politician John Hutton, Chairman of the Cuba Initiative project which brought the businesses together, said in Spanish-dubbed televised remarks that “we arrived at the right moment.” Local media reported that the investments would also be made in a new golf course which will be the island’s second British-built facility after a $350 million course in the resort town of Varadero.Since the historic rapprochement between the United States and Cuba was announced in December, economic and diplomatic delegations have scrambled to send missions to the communist island.
Published in The Express Tribune, May 2nd, 2015.
British companies will invest $400 million in Cuba initiatives, in areas that include agriculture, tourist infrastructure and energy, a business delegation said. Agreements were signed in Cuba during an economic forum that brought together 32 British companies. British politician John Hutton, Chairman of the Cuba Initiative project which brought the businesses together, said in Spanish-dubbed televised remarks that “we arrived at the right moment.” Local media reported that the investments would also be made in a new golf course which will be the island’s second British-built facility after a $350 million course in the resort town of Varadero.Since the historic rapprochement between the United States and Cuba was announced in December, economic and diplomatic delegations have scrambled to send missions to the communist island.
Published in The Express Tribune, May 2nd, 2015.