The Chamber of Commerce of Cuba announced this Sunday the establishment of Parque Acuático S.A., a new joint venture dedicated to the design, construction, and management of this facility at the National Aquarium, located in Playa, Havana.
According to a statement published by the state-run website Cubadebate, the project aims to become a premier recreational attraction for Cuban families and foreign visitors.
The agreement was signed between the Cuban company Gamma and the Italian company Sabor Cubano SRL, marking a strategic collaboration approved under the regulations of Law 118 on Foreign Investment and Decree 325 of the Council of Ministers.
After the signing, the Minister of Science, Technology, and Environment (CITMA), Armando Rodríguez Batista, celebrated the creation on his social media.
"We attended the establishment of the joint venture Parque Acuático S.A., which will build its recreational facility at the National Aquarium of Cuba, for the enjoyment of Cuban families and foreign visitors," he wrote on X.
This water park, designed according to international standards, promises to be a new tourist attraction in Havana, contributing both to entertainment and to strengthening commercial ties between Cuba and Italy.
Frequently Asked Questions about the establishment of the joint venture for the water park in Havana.
What is Parque Acuático S.A. and what is its objective?
Acuatic Park S.A. is a new joint venture established for the design, construction, and management of a water park at the National Aquarium of Cuba, located in Havana. The project aims to become a top-tier recreational attraction for Cuban families and foreign visitors.
Who are the partners in this joint venture?
The mixed company Parque Acuático S.A. is the result of an agreement signed between the Cuban company Gamma and the Italian company Sabor Cubano SRL. This strategic collaboration is approved under the regulations of Law 118 on Foreign Investment and Decree 325 of the Council of Ministers.
What impact is the water park expected to have on tourism in Havana?
The water park, designed according to international standards, promises to be a new tourist attraction in Havana. It is expected to contribute to both entertainment and the strengthening of trade relations between Cuba and Italy.
How does this project relate to the current economic and social situation in Cuba?
Despite investments in tourism projects like the water park, Cuba faces a series of crises in fundamental sectors affecting the quality of life of its citizens, such as water supply and waste management. The Cuban regime often attributes these shortcomings to the U.S. "blockade," even as it continues with investments that do not necessarily benefit the average Cuban.
What other foreign investments is the Cuban government seeking?
The Cuban government is also seeking foreign investment to address critical issues, such as solid waste management, particularly in Havana. There are more than ten foreign investment projects currently under evaluation for this purpose, although none are operational yet.
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