The Cuban Chamber of Commerce announced on Sunday the formation of Parque Acuático S.A., a new joint venture focused on the design, construction, and management of a water park at the National Aquarium in Playa, Havana. As reported by the state-run digital site Cubadebate, the initiative aims to become a top-tier recreational attraction for both Cuban families and international visitors.
The agreement was signed between the Cuban company Gamma and the Italian firm Sabor Cubano SRL, marking a strategic collaboration sanctioned under the guidelines of Law 118 concerning Foreign Investment and Decree 325 of the Council of Ministers. Following the signing, the Minister of Science, Technology and Environment (CITMA), Armando Rodríguez Batista, expressed his enthusiasm for the creation on social media. "We witnessed the establishment of the joint venture Parque Acuático S.A., whose recreational facility will be built at the National Aquarium of Cuba for the enjoyment of Cuban families and foreign visitors," he shared on X.
This water park, designed to meet international standards, is set to become a new tourist attraction in Havana, enhancing both entertainment options and the commercial ties between Cuba and Italy.
Frequently Asked Questions About the New Water Park Joint Venture in Havana
What is the purpose of Parque Acuático S.A.?
Parque Acuático S.A. is established to design, build, and manage a new water park at the National Aquarium in Havana, aimed at providing top-level recreational attractions for locals and tourists.
Who are the partners in this joint venture?
The joint venture is a collaboration between the Cuban company Gamma and the Italian company Sabor Cubano SRL.
Which laws and decrees govern this agreement?
The partnership is approved under the regulations of Law 118 on Foreign Investment and Decree 325 of the Council of Ministers.