Cuban Special Zone Grows and Attracts Foreign Firms

Havana, The Mariel Special Development Zone (ZEDM) has maintained a strong appeal to foreign investors who want business with Cuba, after three years of being established, official sources said today.

The general director of ZEDM Office, Ana Teresa Igarza, stated that discrete progress that have the responsibility to strengthen step by step is already appreciated.

They have finished works and advance to attract new users and start other investments of interest for the country, she said.

The executive noted that among the 19 projects located at the ZEDM, seven are already implemented, some temporarily and others permanently.

These projects represent sectors such as biotechnology and pharmaceutical, finance and bank, as well as industry for construction materials.

Igarza reported that the latest project approved corresponds to South Korea.It focuses on the production of disposable syringes, to replace imports.

A company founded by the Roswell Park Cancer Institute, in New York (the United States), is working in a proposed joint venture with the Center of Molecular Immunology for the development of vaccines against cancer and other diseases, she said.

She recalled that the ZEDM through special regimes and policies, aims to encourage investment to enhance the clean, advanced technologies, and innovation and knowledge.

The ZEDM has precisely become important now with the development of the 34th Havana International Fair running at Expocuba fairgrounds from October 31 to November 4, in the presence of 500 exhibitors from 75 countries.

Periodico26.cu, November 2, 2016

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