U.S.-Cuba
Trade and Economic Council, Inc.
30 Rockefeller Plaza
New York, New York 10112-0002
Telephone (212) 246-1444
Facsimile (212) 246-2345
Internet: http://www.cubatrade.org
Foreign Investment and
Cuba
The following figures
represent the overall amounts of announced, committed, and delivered investments
since 1990 by private sector companies and government-controlled companies
from various countries to enterprises within the Republic of Cuba as of
20 March 1999. Information, which may or may not be in the public
domain, compiled through the media, other public sources, individual discussions
with company representatives, non-Republic of Cuba government officials,
and Republic of Cuba-based enterprise managers and government officials.
On 15 March 1999,
the United States Department of State in Washington, D.C., reported that
an estimated total of US$1.7 billion had been invested in the Republic
of Cuba since 1990. The largest sectors receiving foreign investment
were reported to be: Telecommunications with US$650 million; Mining with
US$350 million; and Tourism with US$200 million.
|
Country
|
Announced
US$
|
Committed/Delivered
US$
|
| Australia |
500,000,000.00
|
|
| Austria |
500,000.00
|
100,000,00
|
| Brazil |
150,000,000.00
|
20,000,000.00
|
| Canada |
1,807,000,000.00
|
600,000,000.00*
|
| Chile |
69,000,000.00
|
30,000,000.00
|
| China |
10,000,000.00
|
5,000,000.00
|
| Dominican
Republic |
5,000,000.00
|
1,000,000.00
|
| France |
100,000,000.00
|
50,000,000.00
|
| Germany |
10,000,000.00
|
2,000,000.00
|
| Greece |
2,000,000.00
|
500,000.00
|
| Honduras |
7,000,000.00
|
1,000,000.00
|
| Israel |
22,000,000.00
|
7,000,000.00
|
| Italy |
397,000,000.00
|
387,000,000.00
|
| Jamaica |
2,000,000.00
|
1,000,000.00
|
| Japan |
2,000,000.00
|
500,000.00
|
| Mexico |
1,806,000,000.00
|
450,000,000.00
|
| The Netherlands |
300,000,000.00
|
40,000,000.00
|
| Panama |
2,000,000.00
|
500,000.00
|
| Portugal |
15,000,000.00
|
10,000,000.00
|
| Russian Federation |
25,000,000.00
|
2,000,000.00
|
| South Africa |
400,000,000.00
|
5,000,000.00
|
| Spain |
350,000,000.00
|
100,300,000.00
|
| Sweden |
10,000,000.00
|
1,000,000.00
|
| United Kingdom |
75,000,000.00
|
50,000,000.00
|
| Uruguay |
500,000.00
|
300,000.00
|
| Venezuela |
50,000,000.00
|
3,000,000.00
|
|
|
|
|
TOTAL
|
US$6,119,000,000.00
|
US$1,767,200,000.00
|
NOTE:
*At the end of June 1998, H.E. Keith Christie, Ambassador of Canada to
the Republic of Cuba, reported that Canada-based companies had delivered
investment of US$200 million within the Republic of Cuba.
|