Showing posts with label Cuban Embargo. Show all posts
Showing posts with label Cuban Embargo. Show all posts

11/21/2012

LIST OF CUBA INVESTMENTS

Invest in Havana Cuba and Varadero Hotels, Condos & Resorts

 INVEST IN CUBA INVESTMENTS

Cuba Tourism Hotels & Resorts

Tourism in Cuba is the 1 area of investment for international hotel & Resort companies that want a future presence into the very profitable Cuban tourism industry. Melia Hotel & Resorts, Accor and Publicly traded Sherritt International are the leaders in this hot investment sector of tourism in Cuba. Foreign involvement in Cuban tourism has many smaller travel agencies and tour representatives who have offices in Cuba as well as most major tourism based travel vacation airlines that offer flights to Varadero, Santiago, Cayo Coco & Havana Cuba.

The Cuban tourism ministry is keen to attract further foreign investment for various hotel developments in order to prepare for the eventual changing of the US travel ban which will be lifted in the next year. The lifting of the American Travel Embargo against Cuba would generate millions of American tourist. Cuban tourism authorities are seeking investment from International hotel & resort developers that want to build hotels outside of Havana and Varadero beach.

Real Estate In Cuba

English: HAVANA. A news conference with Russia...
 HAVANA. Russian President Vladimir Putin and Cuban leader Fidel Castro. . (Photo credit: Wikipedia)
Cuba keeps changing the rules in the right direction as many new apartment buildings were opened to foreign investment and ownership in 1995.  There are two primary JV's involved in commercial real estate. These are Inmobiliaria Monte Baretto S. A. and Inmobiliaria Aurea S. A. , both with international investors and foreign shareholders, which have developed the Miramar world Trade centre and La Lonja del Comercio for retail and commercial rental of office space. 

Currently real estate is limited to Cubans but this could change very soon as Cuba continues to open the real estate investment opportunities to foreigners. Opportunities in the residential market have been pursued by Canadian Publicly traded company Lesiure Canada, one of the shareholders in the largest commercial real estate project (Monte Baretto)

Oil & Gas In Cuba

Sherritt International is the main investor in this sector with over $900 Million in investment in Cuba. Cuba is seeking investment in new project for energy alternatives and will give very quick replies to foreign investors that have good ides, New Technology and available financing. Oil and gas service companies have gone bust but they continue to present their services in oil & gas exploration.

Cuban Agriculture

 Sugar and fruit are the main foreign investors with deep investments in citrus fruits with the largest Investor being an Israeli group which has recently reduced its interest.  Ethanol & Biomass energy conversion plants is another priority for the Cuban government with discussions between Brazil and Venezuela.

Banking Financing In Cuba

Cuban President, Raul Castro, has allowed European and Canadian banks in Cuba for many decades participating in trade and financial deals since the early 1990’s.  Even in Travel & health Insurance, Heath Lambert and Lloyds of England have been the leader in Cuban Insurance and  re–insurance of certain higher Cuban insurance risks such as project and infrastructural debt financing which is a strategic area for attracting foreign investment. Cuban bank President under Castro will facilitate meetings from interested investment groups.
 

Cuba Investment Funds

The list of Cuban investment funds and other investment vehicles is short. Currently investing in Cuban fixed income debt as well as equity investments is the only possibility that international investment  Funds have in Cuba investments. The only investment companies that are investing in Cuba are Leisure Canada, Ceiba Finance and Coral Capital (UK registered) which has their two top executives in Jail for corruption charges. European investments has also been reported by a very small German fund called Kuba Investments.

New Cuba investment funds are encouraged to establish good relationships and a physical  presence in Cuba. Many interesting  projects at different stages of development are seeking financing and capital investments long as the investment company has passed the approval process with the Cuban authorities.

Cuban Biotechnology

This is an area where Cuba really can make a difference since Fidel Castor invested over $300 Million to create a world class bio-technology research center on this Cuban island paradise. York Medical and smith Kline and several other biotech firms have invested large sums of money and signed research agreements to develop certain drugs with Cuban biotech entities called CIMAB S. A. and CIGB S.A. Cuba has also several agreements to manufacture international vaccine treatments with Iran, Brazil, China and most recently  with India’s Biocon Bio-pharmaceuticals Ltd.

Cuban President Raul Castro has made this sector a top priority area and has received a great deal of attention since the 1980’s. Biotechnology has the most potential in investment risk returns and is much open to new investors although the investment model developed by the Cuban financial and investment ministry has open to international pharmaceutical companies.

Cuban Technology & Software

Cuba has over 200,000 advanced computer technology programmers in every sector of technology and software development. Technology in Cuba has been compared to silicon island of the Latin world. Many high tech companies will be looking to invest in Cuba as soon as the American embargo is lifted. Presently few foreign companies have elected to invest in this sector however it is agreed that Computer & technology in Cuba will be a huge growth industry in the near future as Cuba continues to develop thousands of Computer PhD's that will be the seeds to the future advancement of this sector of the Cuban investment economy.

Cuba Investments

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2/19/2010

TOP USA OFFICIAL MEET CUBAN LEADERS IN HAVANA


Cuba, Havana.  Cuban officials offered optimistic during discussions on increasing migration with U.S. diplomats yesterday even though there was no reference on other problematic issues such  as the jailing of an American contractor accused of spying for the USA while working in Havana.

Cuba's minister of foreign affairs, Dagoberto Rodriguez, had gracious meetings with American counterpart Craig Kelly, an American assistant secretary of state for Western Hemisphere affairs and the highest ranking American official to come to the island in 20 years.

The historic meeting took place in an atmosphere of mutual respect. The Cuban side said  the talks went very well with many issues including Cuban Hospitals and medicine were discussed and was wrapped up at an secret location in Havana. The American Government had no official comment on the talks, which lasted over 6 hours. The American delegation also met with Cuban dissidents later Friday, according to a leading human rights activist who told the international news reporters that he was among those invited to attend.

The regularly scheduled migration meetings were almost canceled between two Cold War enemies that have been blaming each other for years over a range of problems. Last year Cuban officials arrested an American contractor who was in Cuba on a program financed by the U.S. Agency for International Development which Cuba accuses of being a subversive spy agency for US Intelligence operators.

The accused American spy been held without formal charge in a well furnished penthouse at Havana’s high-security Villa Marista jail. Cuban President Raul Castro has said officially that the American Contractor was spying, and that his presence was more proof that Washington is saying one thing publicly but still trying to damage Cuba’s government 50 years after the revolution started.

This American Aid Program that was begun under President George W. Bush devotes millions of US Taxpayers dollars to the promotion of democracy on the island yet has been accused by the Cubans as being nothing more than a front for American spies to filter into the Cuban island paradise to foster discontent among Cubans.

The American company that employees the American spy is Bethesda, Maryland-based DAI, and there story is that he was distributing communications equipment to Cuba’s minute Jewish community and not to Cuban dissidents. Unfortunately for him this specialty communications equipment is tightly controlled by the communist government.

U.S. diplomats are concerned about the timing of the Cuban arrest, saying he had been to Havana many times before without problems on the same program and never had a problem. The American Ambassador issued a video Thursday requesting his release and saying he loved Cuba and was a humanitarian not a spy.

There has been many rumors that Cuba will eventually trade the American spy for five Cuban agents that were falsely arrested and imprisoned in Miami since the 1990s after being convicted of spying. Cuba sent them to combat terrorism against Cuba and considers them anti-terror fighters who were trying to shut down a bombing campaign organized and led by fiercely anti-Castro Cuban-Americans.

Cuban government leader Ricardo Alarcon did not  answer any questions on Friday, but said Cuban authorities would use the good faith of the immigration talks to bring up the fate of their own agents.

Alarcon added that Havana has offered to expand many other issues and continue open and fair discussions with the United States, and is still waiting for their answer. Cuba is  hoping that the United States will respond to the additional proposals Cuba has made in efforts to reach agreements in other areas like the fight against terrorism, drug-trafficking and also the possibility of improving the immigration accord.

U.S. officials have not accepted nor replied to the Cuban offer, describing it as a vague proposal to continue talking with no concrete policy changes on their part. US officers say Cuba should have already responded to the good-faith gestures President Obama has already taken, such as loosening all restrictions on travel and remittances for Cuban Americans to travel to Cuba to visit thier families.

Cuba however, stated it hoped that future negotiations could convince Washington to end their unfair immigration policy known as "wet foot, dry foot where Cubans reaching American soil are granted instant asylum, while those captured at sea are deported back to Cuba.

The U.S. delegation would not continue additional meetings with Cuban officials on the side issues until after these immigration talks have been completed.

The leader of the independent Cuban Commission on Human Rights and National Reconciliation, said he and many other popular Cuban opposition leaders were invited to talk to the American delegation following the official discussion were completed.

Meetings with the Cuban dissidents have become routine when American diplomats travel to Cuba. These open meetings with the unpopular dissidents are a thorn in the Cuban government image and is sure to upset Cuban leaders, who have repeated that the dissidents are highly paid stooges of Washington anti-Cuba propaganda.

Cuba and the United States have been waging a nonstop war of words in for over 50 years over nearly every issue possible, from President Barack Obama’s performance at climate talks, which Cuban Comandante Fidel Castro called deceitful and demagogic, to the U.S. relief effort in Haiti, which he termed an another illegal occupation of a suffering nation.

However the crowing glory of upsetting actions by the USA again Cuba in which Cuba is  particularly angered by is Obama's unexpected decision to continue to include Cuba on its International list of state sponsors of terrorism even though there is not a shred of evidence to support this cold war claim.

There are also the thorny issues such as Washington’s persistence that Cuba open its one party political system to democratic reform and free hundereds of jailed political prisoners, and Cuba’s unbending demand that Washington drop its 50 year blockade and stop interfering in what Havana considers its internal affairs.

Cuba experts all agree that the incident over the American Spying contractor is just  another sensitive issue to a long list of problems between the two countries.

Anything that complicates U.S.-Cuba relationship is definitely not going to help bring the two sides together.

The Cuban-USA immigration talks that were started in 1994 and were suspended by Bush were resumed in July and are to be held bi-annually. Their purpose is to monitor the terms and implementation of the previous immigration agreement under which the United States issues at least 20,000 emigration visas to Cubans per year via a Cuban Lottery system. So far the talks have not centered around the possibility of American companies traveling and investing in Cuban Hotels nor investing in the Cuban economy. We will keep you posted.