News
Portfolio of opportunities for foreign investment in Cuba – Ministerio de la Agricultura (MINAG)
Cuba’s Ministry of Agriculture (MINAG) promotes a broad portfolio of foreign investment opportunities for companies in the agri-food sector:
- Project “Rice production and commercialization”.
Activity: Develop rice production in an initial area of 8 thousand ha, starting with the introduction of fertilizers, pesticides and parts for agricultural and industrial machinery used in this activity.
Investment amount: $ 7,500,000 million USD.
Type of foreign investment: International economic association contract for a 5-year period (7 harvests) to develop rice production. The contract would be extendable up to 20 years.
Location(s): The proposed project is located in the Empresa Agroindustrial de Granos Sur Del Jíbaro in Sancti Spíritus province. This is a modular project that can be replicated in 10 other locations throughout the country.
- Project “Development of citrus production”.
Activity: Develop citrus production through the creation of capacities in irrigation and crop technologies that allow obtaining fresh and industrialized products with exportable quality.
The project envisages the development of crops in modules of 500 ha, from the introduction of new technologies for planting and other agricultural work, irrigation systems for plantations and the technological package of the crop.
Amount of the investment: $ 5,000,000 USD.
Type of Foreign Investment: International Economic Partnership Contract for a 15-year term to develop citrus production.
Location(s): The proposed project is located at Empresa Agroindustrial Victoria de Girón in Matanzas province. This is a modular project that can be replicated in other areas of the company and in 8 other positions.
- Project “Production and commercialization of grains (corn and beans)”.
Activity: Develop the production of grains (corn and beans) for the 8 thousand tons of consumed grains and 1000 tons of seed with yields of 1.3 tons per ha of beans and 5 tons per ha of corn, from the introduction of new planting and harvesting technologies in this activity.
Investment amount: $ 4,056,000 USD.
Type of Foreign Investment: International Economic Partnership Agreement for a 15-year term to develop grain production.
Location(s): The proposed project is located in the Máximo Gómez Agropecuaria company in the province of Matanzas. This is a modular project, which can be replicated up to 70 thousand extensive hectares.
- Project “Production and Marketing of Beef and Beef Derivatives”.
Activity: Produce and commercialize beef cattle meat, in special cuts and high quality derivatives for the domestic market, and export.
Investment amount: $ 1,262,037 USD.
Type of Foreign Investment: International Economic Partnership Agreement for a 10-year term, renewable.
Location(s): The proposed project is located in the Unidad Empresarial de Base Ceba y Desarrollo Aridanes, Comunidad “Las 90 Viviendas”, Consejo Popular Aracelio Iglesias, Municipality Yaguajay and Province Sancti Spíritus. This is a modular project that can be replicated in all provinces of the country.
- Project “Production and Marketing of Sheep Meat and Derivatives”.
Activity: Produce 150 tons of sheep meat derivatives and by-products, for commercialization in the domestic market and for export, from a profitable business that takes advantage of installed productive infrastructures and scientific and technological results for the increase of productivity, quality, safety and competitiveness of the Small Livestock Enterprise (EGAME).
Amount of the investment: $ 6,800,000 USD.
Type of foreign investment: International Economic Partnership Agreement for a 4-year renewable term.
Location(s): The proposed project is located in the Mariel Special Development Zone (ZEDM), Sector F; Artemisa Province. This is a modular project that can be replicated in all provinces of the country.
- Project “Production, Industrialization and Marketing of Dairy Products”.
Activity: Develop milk production in an area of 540 ha, from the introduction of livestock inputs that allow the food base for the development of 480 animals that achieve yields above 10 liters per cow.
Investment amount: $ 3,867,336 USD.
Type of Foreign Investment: International Economic Partnership Contract for a 7-year term, extendable, to develop the production and industrialization of milk and its derivatives.
Location(s): The proposed project is located in the Venegas Livestock Enterprise, base business unit Santos Caraballé, Aracelio Iglesias Popular Council, Yaguajay municipality, Santi Spíritus Province. This is a modular project, which can be replicated in the same location until completing 22 typical dairy farms of the Venegas dairy basin and replicated in other livestock enterprises.
- Project Production and commercialization of high quality coffee for export and the domestic market.
Activity: To promote the production and marketing of high quality coffee for export in beans and for the domestic roasting market. The project has the following scope:
1. To reach an annual production of 1,100 tons of coffee for the domestic and export markets.
2. To introduce advanced technologies to achieve yields of 0.56 and 0.96 tons per hectare of Arabica and Robusta coffee in the Escambray Mountains.
3. To guarantee in advance minor equipment, materials and supplies to coffee producers and other actors of the productive chain from the field to the industry.
4. Maintain current sales for the consumption of the population.
Investment amount: $ 4,400,000 USD.
Type of foreign investment: International Economic Partnership Contract for a 5-year term.
Location(s): The project proposal is located in the “Eladio Machín” Coffee Processing Company, Cumanayagua, Cienfuegos province, and cooperatives of coffee producers in the provinces of Cienfuegos, Villa Clara and Santi Espíritus.
- Project “Egg production and marketing”
Activity:
– Increase egg production using existing infrastructure to reach a level of 48 million 900 thousand eggs for domestic marketing and export.
– Improve obsolete technology in the laying hen farm and other facilities.
– Ensure stable supply for animal feed.
– Increase the layer mass by importing fertile eggs or day-old chicks to make better use of installed capacity.
Investment amount: $ 2,518,600 USD.
Type of Foreign Investment: International Economic Partnership Agreement for a 10-year renewable term to develop egg production.
Location(s): The proposed project is located in a farm with 10 halls in the province of Pinar del Río. This is a modular project, which can be replicated in farms in several provinces.
- Project “Production and marketing of chicken meat”.
Activity:
– Develop the production of 2,600 tons of chicken meat, based on the introduction of technologies for the improvement of the productive infrastructure linked to the production of chicken meat and processed products through productive linkages with existing poultry facilities.
– Reactivate domestic production of chicken meat in the country for the gradual substitution of imports.
– Guarantee a stable supply for animal feed.
Investment amount: US$2,278,000.
Type of Foreign Investment: International Economic Partnership Agreement for a 10-year, renewable term to develop chicken meat production.
Location(s): This is a project located in poultry facilities in the provinces of Pinar del Río in the municipalities of Consolación el Sur and Candelaria and Artemisa in the municipalities of Güira de Melena and Artemisa.
For further information, please contact us at salt@ceg.es.