Cuba attracts foreign interest in building golf courses

Cuba attracts foreign interest in building golf courses
15:34, May 04, 2011

Cuba was making progress in attracting foreign investment in 16 planned
golf courses, Cuban Tourism Minister Manuel Marrero said here Tuesday at
opening of the International Tourism Fair Cuba 2011.

Marrero said negotiations were progressing with foreign companies
interested in forming joint ventures to build the courses.

Cuba last year adopted a strategy to attract foreign investment and
develop the tourism of marinas and golf courses with international capital.

The island now has only one golf course in Havana and another in Varadero.

Mexican Secretary of Tourism Gloria Guevara said her country was very
interested in the program and several companies were "exploring the
possibility of investing".

Tourism is the second biggest source of Cuban revenue, contributing more
than 2.2 billion U.S. dollars to the country in 2010, according to
National Statistics Office data.

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