Government discussing ground rules with golf developers

Golf

Golf

Moving slowly but deliberately, the government has laid out the ground rules for golf-centered real estate projects to four foreign investor groups and is preparing to form joint ventures with each group before the end of the year.

One week after the 6th Communist Party Congress ended in April, Grupo Empresarial Extrahotelero Palmares S.A. — the state company in charge of golf developments on the island — invited the foreign groups to hold successive three-day meetings to discuss terms, Cuban sources close to the negotiations say. At least two of the groups have agreed to terms.

Government discussing ground rules with golf developers.

Acerca de Alejandro Robaina

Dueño del restaurant La Casa, en La Habana, Cuba. Owner of restaurant La Casa, in Havana, Cuba. Ver todas las entradas de Alejandro Robaina

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