Meat Processing Company in Mexico First to Get Deal to Invest in Cuba Development Zone Dave Graham - Reuters
go to original March 1, 2015

Cuba has been cautiously relaxing control of its state-run economy.One example of this is a newly refurbished and expanded port west of Havana, designed to receive bigger cargo vessels passing through the Panama Canal. Al Jazeera's Daniel Schweimler reported in August from the Mariel Special Development Zone. (Al Jazeera English)

A Mexican meat processing firm has become the first international company to get approval for an investment project in Cuba's special economic development area, Mexico's foreign ministry said on Saturday.

Richmeat de Mexico plans to invest in the processing and packing of meat within the Mariel special development zone of the island, the ministry said in a statement, without giving details of how much money was involved.

News of the investment follows December's agreement between the United States and Cuba to restore diplomatic ties after more than five decades. That spurred hopes that the communist-run island could be start to open up its economy.

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