Why Cuba? > Investment Opportunities

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Cuba has presented a Portfolio of Opportunities, available in both the Mariel Special Development Zone, as well as the rest of the country. The opportunities listed by sectors, can be found below.

AGRICULTURE FORESTRY AND FOOD SECTOR

Availability of agricultural land with uncultivated areas permitting expansion of the current productive limits within a short time. The country has 6.3 million hectares of agricultural land; of this only 2,640,000 hectares are being cultivated.

Access to the domestic market, increased demands and good strategic position for access to markets in the area. Domestic market potential according to importation levels is around 1,900 million USD. Cuba also has natural advantages to promote exports mainly to areas in the Caribbean.

The agricultural system has drawn up development programs of the principal products to the year 2020. It also foresees logistical investment projects in production chains, from producer consumables to final clients.

Leading products:

Tobacco

Cuban Premium tobacco (cigars) is internationally recognized for its unbeatable quality and advantageous position among the competition. It is a product in great demand among smokers in the upper economic range market. Associated with the prestige of its portfolio of brands and Cuban tobacco leaves, other export products such as mechanized products and cigarettes are being developed.

Citrus fruits

Fresh citrus fruits (oranges and grapefruits), concentrated and simple juices and essential oils are products with experience and consolidated markets.

Fruit

The main types are fruit pulp, especially mango and pineapple juice.

Coffee

Exports basically include Superior Arabica (Crystal Mountain, Extraturquino, Turquino and Altura). The main clients are found in Japan, as well as France, the UK, New Zealand, Australia, Germany and other European countries.

Cacao

This product has great export potential; currently it is being exported to European countries such as Switzerland and Belgium.

Honey production

Possibilities for assortments of specific types of honeys (organic honey) and to diversify the formats besides exporting soft extract and dry pollen and diversified products such as beauty creams based on honey.

Other products with potential include charcoal, pine resin, vegetables and garden vegetables and seeds.

Sugar Industry

Since sugarcane was introduced to Cuba, the sugar industry sector has become one of the most important ones for Cuban agro-industrial production.

AZCUBA is the sugar industry group in charge of managing the entities that make up the sugar agro-industry for developing sugar productions, electrical energy, sugarcane byproducts and agricultural and industrialized foods.

Leading products in the sugar industry include: raw sugar; ecological / organic sugar; alcohol, rum, spirits and liqueurs and Sorbitol-FOS.

INDUSTRIAL SECTOR

The industrial sector is related to the production of bottles and packaging, recycling raw materials, manufacturing electronic equipment and electrical appliances, chemical products and their byproducts, medical equipment, textiles, clothing and accessories, hygiene products, perfumes and cosmetics, all of which will be helped by foreign investment in the aim of generating production linkage, allowing imports to be replaced and exports to be increased.

TOURISM SECTOR

Cuba is the largest island in the West Indies and, setting it apart from other destinations in the Caribbean. Tourism is a popular sector in Cuba, due to the hospitality of its people, exceptional natural attractions, local historic heritage, rich artistic and cultural life, unique healthcare situation, political stability and safety for tourists.

Record numbers of tourists are being witnessed, and in 2015, tourism figures have increased, reaching the 3 million visitor mark. This figure is expected to increase in the coming years.

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ENERGY SECTOR

Billions of dollars are being invested to enhance the renewable energy sector in Cuba. As such, business opportunities are available in terms of solar energy, wind parks, biomass and hydro-energy. Total oil and gas production is equivalent to approximately 4 million tons per year (25 million barrels a year); of these 3 million tons per year (10 million barrels per year) are crude oil and approximately 1,100 million cubic meters of natural gas per year.

In terms of oil and gas, the industry is booming, with approximately USD 3 billion invested by foreign companies in the last 7 years. Drilling started in the deep waters sector in the Gulf of Mexico where an estimated 7 to 20 million barrels of oil are available, however to date, all attempts have been unsuccessful.

MINING

The Cuban archipelago has a broad range of diversity in metal raw materials as well as industrial rock and minerals. This is due to the fact it is constituted by a mosaic of geological structures which include sequences of the continental margin, volcanic island arcs and oceanic crust, put together into a unique ensemble as the result of the geological processes of subduction and collision.

The Drug and Biotechnological Sector industry produces medicines, equipment and high technology services on the basis of the country’s scientific-technical development, for the improvement of the health of the Cuban people and the generating of exportable goods and services.

DRUG AND BIOTECHNICAL INDUSTRY SECTOR

The medical industry in Cuba has made headlines as of late, for various medical advancements and inventions. Biotechnology has the largest potential in the Cuban market.

The Cuban nickel industry is one of the key sources of income for Cuba, accounting for more than 30% of the world’s known nickel reserves. The Cuban government is also keep to explore the gold, silver, chrome, copper and zinc resources, presenting opportunities for firms.

HEALTH SECTOR

Cuba has a tradition of over 285 years of medical education, with 134,400 doctors having been trained in the last 50 years, both Cubans as well as those coming from over 120 countries.

The Island has become one of the nations of the world with the best health indicators. Its strengths are quality and specializations with a growing development of the infrastructure of services and human capital.

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CONSTRUCTION SECTOR

The construction sector focuses on activities such as engineering-geological research applied to construction, drawing up designs for construction and setting up activities, construction of civil state works, industrial works, engineering works, docking and dredging works as well as production and commercialization of construction materials and products.

The sector has a workforce of approximately 106,000; of these 20% are technicians and 59% are laborers. The number of professionals is over 11,000 distributed in the specialties of Civil Engineering, Architecture, Mechanical Engineering etc.

TRADE SECTOR

In 2013 Cuba had commercial relations with more than 160 countries.

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Wholesale business in Cuba is the activity of selling nationally produced or imported goods wholesale, destined for production entities, retail or wholesale commercializing entities, industrial and institutional consumers and natural persons.

By 2014 there are over 2000 entities participating in wholesale business in Cuba. The current infrastructure of the sector requires grand investments to grow and thrive. Businesses in this sector are mainly directed to ensure the distribution of widely-used products and families of national and imported products that are most in demand in the country; therefore supplies are stabilized with efficacy and efficiency and logistical high costs are minimized.

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