On Wednesday, Cuba and Qatar reached to, and signed an agreement to erect a $75 million beach resort on a cay south of Qatar’s Island. The 450-room resort plan is expected to take both parties 14 months to hammer and straighten out all the financing details. The president of the state-owned Qatar Diar Real Estate Investment Co. Construction, Mr. Ghanim Bin Saad al-Saad said that after the 14 months, it would take another 1 ½ years for the completion of this five-star Gran Paraiso project.
Mr. Ghanim Bin Saad al-Saad told reporters that the combined efforts towards this project with the socialist government’s tourism concern, Gran Caribe, should send a very clear message to the whole world that with respect to the entire world, Cuba’s politics are fully supported by Qatar.
The beach resort IS intended for Cayo Largo Sur, an area characterized by a narrow piece of white sand, warm soothing waters and coral reefs, and located 170 kilometers (105 miles) on the southern side of Havana. The site is currently home to a group of top class, high-rise lodges and hotels.
Additionally, the Gran Paraiso, or “Great Paradise” will include at least 60 retreat villas. Luis Miguel Diaz, the president of Gran Caribe however said that the number will not be limited, as the villas are subject to expansion in the future. In Cuba, the largest profitable venture is nickel exports, followed closely by tourism whose revenue increases substantially.
In the year 2008, it was recorded that 2.35 million holidaymakers visited Cuba, with a larger percentage of that figure coming from Europe and Canada. The figures show a 9.3 percent increase as compared to the previous year 2007. In the first quarter of this year, foreign visitor arrivals in Cuba have been reported to be up by another 2 per cent, in spite of the global recession.