• Submitted by: Juana
• Europe
• Business and Economy
• 06 / 09 / 2015

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London & Regional, a company in the UK and owned by brothers Richard and Ian Livingstone, is considering investing in Cuba to develop a luxury resort, which could be the largest investment in the island since the Caribbean nation began normalization of diplomatic relations with the United States, Jewish Business News published on Monday. 
The project, named Carbonera, would comprise one and a half million square feet and is located 65 miles north of Havana, near Varadero beach, and would be shared with the Cuban state company Palmares SA, which would own 51 percent of the business.
It is estimated that the total construction value of the complex to be over $ 500 million and according to the International Monetary Fund if the embargo to Cuba is lifted more than 6 million tourists would visit the island.

source: www.cibercuba.com