Reprinted from 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.
|
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