Mariel development zone calls investment for construction

2018-04-04 10:05:56 /

Mariel development zone calls investment for construction

The Special Development Zone on the western Cuban Mariel harbor (ZED) is calling national and foreign investment to foster construction material production.

ZED director general Ana Teresa Igarza told reporters this week that the zone’s investment portfolio includes possible businesses related to the exploitation of marble, pebble stone and other natural resources.

“We are interested in increasing plaster panels and mortars as well as limestone derivatives, since the processing plant we have in Mariel requires upgrading,” Igarza said as cited by PL news agency.

Investment projects can be of 100 percent Cuban capital if that were the case because “our objective is fostering this industry as soon as possible so that the local entrepreneurs also enjoy the advantages provided by the Zone,” she added.

Mariel development zone calls investment for construction

The official said that it is not possible to achieve fast development of new works without a local industry that lowers the costs of materials, uses clean technology and provides the use of modern construction techniques.

At this point in time, negotiations are underway with different foreign companies to set up construction material plants in the Zone, said Igarza, who added that details will only be released after the signing of accords.

But some concrete prospects are related to the presence of Vietnam’s Viglacera corporation, which has been given green light to set up an industrial park in the Zone, following a management concession by the Cuban government.


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