Havana, Cuba.- Cuba is reportedly working on more than 500 business projects with foreign companies, most of them in the tourist industry.

Deborah Rivas, investment director of the Ministry of Foreign Trade (MINCEX), stated that the Business Opportunity Portfolio includes 525 investment projects, including 95 hotel management contracts, 11 with a 120 million dollar investment.

In this regard, Cuban Tourism Minister Manuel Marrero talked about 26 contracts of joint venture companies and explained that partnerships with hotel chains provide administrative experience and markets.

He also stressed that these are contracts subject to utilities, which do not compromise the Cuban property of hotel facilities.

In turn, the Minister of Transport, Eduardo Rodriguez, went into great details about railways wholly foreign-owned companies (WFOC) and the maritime sector, the latter with the next arrival in the country of a floating dock and the implementation of multipurpose port terminal in Santiago de Cuba (east of the island).

Likewise, he added that the Jose Marti international airport administration tender is being negotiated, and that it could be extended to other Cuban airports.

This was known during the working session of the Population Services Commission of the National Assembly of People’s Power, presided over Cuban President Miguel Diaz-Canel.

Vice Minister of Communications Ernesto Rodríguez said that Cuba intends not to import software by 2020 and replace them with others created in universities and scientific centers.