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Cuba opens doors to U.S. investors

Xinhua, November 6, 2015 Adjust font size:

Cuba has allowed U.S. tractor company Cleber to set up a manufacturing center in its Special Economic Development Zone of Mariel (ZEDM), making it the first U.S. business to enter the country in over half a century.

Cleber aims to produce tractors suitable for Cuba's agricultural conditions, said Saul Berenthal, co-owner of Cleber at the Havana International Fair 2015.

General Director of the ZEDM Ana Teresa Igarza said that more than 400 foreign companies have asked for authorization to enter Cuba.

Another five companies, including two from Mexico, two from Belgium and one from Spain will soon begin to establish themselves in the ZEDM, said the official.

Branded as Cuba's door to the world, the ZEDM is part of the government efforts to attract foreign investment in key sectors such as agribusiness, biotechnology, energy and tourism.

The ZEDM was inaugurated in 2014 and is the first of its kind created by the Cuban government. Endi