The most positive results of the XI International Construction Fair 2016 (Fecons in Spanish) were the contacts and exchanges with potential foreign investors regarding the undertaking of projects in tourism, industry and infrastructure.

30 of the 190 work meetings that took place over the five days of the exhibition in Havana between April 5 – 9, were about developing the role played by foreign investment in the construction sector in areas such as assembling and the import and export of services and materials, in addition to the application of modern technologies and the design and execution of works.

The most positive results of the XI International Construction Fair 2016 (Fecons in Spanish) were the contacts and exchanges with potential foreign investors regarding the undertaking of projects in tourism, industry and infrastructure.After presenting the opportunities available within the sector, Ángel Vilaragut, Deputy-First Minister of the sector, announced that each of the projects presented would be evaluated in order for them to commence as soon as possible, something that should decisively contribute to the concretion of the country’s list of businesses.

At a time when Cuba is faced with tourism, infrastructural and industrial works that it cannot assume alone, the task now is to make the Fecons 2016 results a reality.

With Chile as the invited guest of honor and the U.S. and Vietnam present for the very first time, the trade fair was a display of the willingness, capabilities and above all promising and profitable business, partnership and foreign capital investment opportunities.

By facilitating exchanges between specialists from 29 nations representing 199 companies with a 4,158 square meter exhibition of state of the art technology, Fecons demonstrated that it has come of age as a shop window for what is to come in Cuba and the necessity of contact with the world at large.

It was described by Vilaragut as a mature event for exchanges between Cubans and foreigners in the building world.

This was corroborated by contacts between local enterprises and the Vietnamese Viglacera Corporation with the view to increase the exportation to Cuba of materials and the undertaking of an investment project to modernize two white ceramics factories in the east of the country.

Globally renowned for its glass and ceramic products made for construction, Viglacera has been engaged in ceramic bathroom fitting, redressing and flooring in Cuba since 2012.

Asia was also represented at the event by the Chinese Sinotruk range, familiar to many entities that operate here within the construction, logistics and oil sectors.

On the basis of having supplied cargo, semi-rigid, cement, refuse and other specialized trucks to the Island since 2005, the Chinese company aspires to sign even more contracts.

Executives from 10 companies traveled from the United States to register their marked interest in investing, given the potential in Cuban construction, agriculture and industry, once all the impediments of the White House-imposed economic, commercial and financial blockade have been lifted.

Abraham Vargas, representative of the electricity generator and pump equipment making and sales company Tradewinds, based in Miami, said that they already have plans to supply their goods for national consumption and for later exportation.

Similar views were expressed by Ausgust Lester, an engineer and sales manager at Franklin Electric, a North American factory that produces domestic and industrial solar powered drinking water pumps.

He said when interviewed that “We know that the Cuban market is very attractive, above all because of the experience acquired in tourism and agriculture, sectors that have a high demand for water, energy and clean technology, three products that could very feasibly be supplied from the U.S., a close and natural neighbor”.

Having been in Cuba for more than 3 years, the Spanish irrigation machine, building module and hospital data processing center high-tech solutions company, ICE was also represented at Fecons.

A delegation from Belarus, led by Dimitry Korchit, Deputy Minister of Industry and another comprising 26 delegates from Belgium, led by Claire Tillekaerts, general director of the Flanders Business and Investment Promotion Agency, also toured the exhibition.

Both groups were impressed by the level of competitiveness and the seriousness of the Cuban business community and indicated their intentions to expand their relations with the construction sector of the Caribbean nation.

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