“The buildings, the roads, the power grid, the water system—all need updating after decades of neglect under a socialist regime. After CNBC spent a week in Cuba meeting with the leaders overseeing economic reforms, it’s unclear whether authorities are ready to make the changes necessary to become attractive to investors on a large scale. One place where such investment is visible is in the oil and gas industry. Driving toward Varadero, a team from CNBC spotted at least one oil drill bearing Chinese flags. As for any kind of large-scale privatizations, investors will have to keep waiting.”
