Cuba attracts foreign interest in building golf courses

15:34, May 04, 2011      

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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.

Source: Xinhua
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