Trinidad, May 2017 – Caribbean destination tourism is rising at a rate of 4.7% a year, the fastest growing region in the world. Such an increase in tourism is driving investment in housing and infrastructure with hotels, resorts and transport projects dominating the regional pipeline.
Although the entire region is buzzing, specific islands are especially benefiting from such additional construction and civil engineering work. This includes Barbados, the Bahamas, St Lucia, the Cayman Islands and Trinidad and Tobago. Although each island is relatively small in size, collectively, the area offers ample opportunities for investors.
Cuba’s economy is now one of the best performing in the Caribbean with a rise of approximately 4% in GDP. All areas of economic activity have shown an increase, with the highest growth rates noted in the sugar industry, manufacturing, and construction.
There is major funding in place to finance the infrastructural upgrade for the Caribbean region including US $35 billion set aside as part of the China-Community of Latin American and Caribbean States Fund as well as a UK backed infrastructure scheme offering €300m worth of grants until March 2020.
The Carib Build and Real Estate Show, taking place in Trinidad on the 19 – 21 September, will showcase many of the developments, trends and projects in the Caribbean. There will be an opportunity for companies to bid for new ventures as well as promote their brand to this targeted network of industry stakeholders.
Organised by AME Trade Ltd, Sponsored by Southern Pine Global and supported by Belize Chamber of Commerce and Industry, St Lucia Chamber of Commerce, Industry & Agriculture and Camara de comercio de Trinidad y Tabago, this three-day trade event will include corporate and thematic workshops as well as B2B meeting areas to assist in the sharing of knowledge and information about the industry and relevant products & services.