An image shows the design of the ViMariel Industrial Park in the Mariel Special Development Zone, Cuba. — Photo vimariel.com

The Portuguese group Enpromoulds is the first business to set up its plant at the ViMariel Industrial Park, which is located in Cuba’s Mariel Special Development Zone.

Enpromoulds’ member unit Ecoplast has gained a permit to operate in the industrial park for 25 years, producing paper, plastic and rubber moulds.

The industrial park is now under construction. It was inaugurated in November 2018 by the Vietnamese multi-sector group Viglacera.

The construction is expected to complete in five years from the inauguration day and companies present at the park may operate for 50 years.

The ViMariel Industrial Park is also Cuba’s first project handed over to a fully-owned foreign firm at the Mariel Special Development Zone, which is designed to be the Caribbean economy’s leading economic region.

After six years of operation, the Mariel Special Development Zone has attracted US$2.2 billion worth of investment from companies in Spain, Russia, Mexico, Brazil, China, France, Germany and Viet Nam. — VNS