Cuba turns to foreign investment in developing theme park tourism projects

Published on : Saturday, July 15, 2017

Cuba turns to foreign investment in developing theme park tourism projectsAccording to the Cuban Tourism Ministry, Cuba plans to court foreign investment in the tourism sector with proposed theme parks and water parks.

 

Some 140 new projects could be included in an updated investment portfolio the government plans to unveil at the 2017 Havana International Fair in November, Reinaldo Daniel Alonso, Director of Development, Investment and Business at the ministry, told reporters recently.

 

The proposed projects include many non-hotel related investments, such as water parks and theme parks, he said, adding that expanding the island’s hotel capacity is also a major goal.

 

New hotel projects are slated for Vinales, a picturesque valley located 175 kilometres west of Havana, and Trinidad, a colonial town situated 315 kilometres south-east of the capital.

 

The portfolio will also feature new golf courses that are independent of hotel and real estate development, such as two being built in the resort of Varadero and in the eastern province of Holguin.

 

Tourism arrivals have increased in Cuba, following the restoration of ties with the United States under former President Barack Obama, with 14.5 percent more international visitors in 2016 over the year before.

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