The Chamber of Commerce of Cuba made a significant announcement this Sunday. A new joint venture named Parque Acuático S.A. has come into being, dedicated to the design, construction, and management of a remarkable facility at the National Aquarium in Playa, Havana. This venture holds great promise for both Cuban families and foreign visitors.

Uniting Cuba and Italy in Recreational Excellence

Objective and Purpose of Parque Acuático S.A.

Parque Acuático S.A. is a newly established joint venture with a clear mission. It is focused on creating a world-class water park at the National Aquarium in Havana. The aim is to provide a premier recreational attraction that will captivate the hearts and minds of Cuban families and foreign tourists alike. This initiative showcases Cuba's commitment to enhancing tourism and offering unique experiences.

According to the state-run website Cubadebate, the design and construction of this water park are set to meet international standards. It will feature a wide range of exciting water attractions and amenities, ensuring that visitors of all ages have a memorable time. The management of the park will be handled with expertise, ensuring smooth operations and top-notch service.

Partners in the Joint Venture

The mixed company Parque Acuático S.A. is the result of a strategic collaboration between the Cuban company Gamma and the Italian company Sabor Cubano SRL. This partnership is approved under the regulations of Law 118 on Foreign Investment and Decree 325 of the Council of Ministers. The combination of Cuban and Italian expertise brings a unique blend to the project, enhancing its potential for success.

The Cuban company Gamma brings its local knowledge and understanding of the Cuban market, while the Italian company Sabor Cubano SRL contributes its international experience and design skills. Together, they are working towards creating a water park that will be a true gem in Havana. This collaboration also serves as a testament to Cuba's openness to foreign investment and its efforts to strengthen economic ties with other countries.

Impact on Tourism in Havana

The water park, designed with international standards in mind, is expected to have a significant impact on tourism in Havana. It will serve as a new tourist attraction, drawing visitors from around the world. The entertainment value of the park will provide a much-needed boost to the local tourism industry, creating jobs and stimulating economic growth.

In addition to entertainment, the water park is also expected to strengthen commercial ties between Cuba and Italy. It will provide a platform for cultural exchange and business cooperation, further enhancing the bilateral relationship between the two countries. This investment in tourism is a positive step towards promoting Cuba as a tourist destination and attracting more foreign investment.

Relation to the Economic and Social Situation in Cuba

While investments in tourism projects like the water park are welcome, Cuba still faces a series of crises in fundamental sectors that affect the quality of life of its citizens. Issues such as water supply and waste management remain challenges that need to be addressed.

The Cuban regime often attributes these shortcomings to the U.S. “blockade,” but it is important to note that there are also internal factors that need to be addressed. Despite these challenges, Cuba continues to make efforts to improve its tourism infrastructure and attract foreign investment. The establishment of Parque Acuático S.A. is one such example of Cuba's determination to move forward.

Other Foreign Investments in Cuba

The Cuban government is actively seeking foreign investment to address critical issues such as solid waste management, especially in Havana. There are more than ten foreign investment projects currently under evaluation for this purpose, although none are operational yet.

These investments hold the potential to bring significant improvements to Cuba's infrastructure and quality of life. By collaborating with foreign partners, Cuba can leverage their expertise and resources to overcome challenges and build a more sustainable future. The water park is just the beginning of a larger effort to attract foreign investment and promote economic development in Cuba.