Investing in Barbados offers unparalleled opportunities for those interested in the tourism and hospitality sector. With its strategic focus on tourism, the Government of Barbados has established a supportive environment that encourages investment through a range of attractive incentives and proactive assistance. This blog explores the exceptional duty and tax concessions available to investors, the...
Barbados, renowned for its rich history and stunning natural beauty, offers a unique blend of cultural and natural attractions, making it a must-visit destination. Recently, Bridgetown, the island's capital city, along with its Garrison, was designated a UNESCO World Heritage Site. This recognition underscores the island's pivotal role as a British colony, evident in its historic buildings, churches, and...
Nestled in the heart of the Caribbean, Barbados is more than just a tropical paradise. It is a nation celebrated for its rich history, stable governance, and thriving economy. This island nation has seamlessly blended its colonial heritage with modern advancements, creating a unique and attractive destination for both tourists and investors. View Commercial Properties for Sale in Barbados Transtech...
Prime Minister Mia Amor Mottley has declared that almost every building in Barbados that is not fit for purpose will be rebuilt within the next decade or two, either voluntarily or by mandate. Reflecting on the devastating impact of Hurricane Barrow, a category four hurricane that formed to the east-southeast of Barbados, Mottley highlighted the urgency of this initiative. The hurricane presented what...
After an eight-year wait, construction of a new Hyatt Hotel is set to commence this year, with its opening slated for 2026. This development is part of a significant US$100 million ($200 million) financing agreement that prominent businessman Mark Maloney has arranged with the African Export-Import Bank (Afreximbank). Out of the total, US$90 million ($180 million) is allocated for building the hotel,...
Investors behind The Pierhead's ambitious $160 million residential and commercial project in the heart of The City have revealed a new vision for the undertaking. In an update on the project's direction, a spokesperson, who chose to remain anonymous for now, disclosed on Thursday that the original plan, which included a marina for luxury yachts and high-end branded stores, will undergo significant...
The International Finance Corporation (IFC) and the Barbados government have signed a contract to support the development and functioning of Barbados' first large-scale onshore wind farm. This landmark agreement ensures the necessary assistance for the construction and operation of the renewable energy project. By combining resources, the IFC and the government of Barbados aim to promote sustainable...
Barbados' Grantley Adams International Airport (GAIA) achieved a noteworthy milestone early in the winter season, marking its busiest day thus far. The accomplishment was highlighted by GAIA's Chief Executive Officer, Hadley Bourne, on Thursday, November 16, 2023. Bourne expressed optimism, observing the bustling Departure lounge and a similarly busy Arrivals hall, and remarked, "We're hopeful that there...
Exciting prospects are on the horizon as Barbados takes center stage in establishing direct airlinks with Saudi Arabia. A significant step towards this goal occurred on November 15, 2023, with the launch of a groundbreaking 12-hour test flight operated by SAUDIA (Saudi Arabian Airlines). Departing from Antigua, the flight made stops in Barbados and Miami to pick up additional Caribbean passengers before...
Barbados is set to realize its vision of a sustainable energy future with the finalization of plans to construct a 60 MW portfolio of community solar gardens. The project, spanning 50 sites across the island-state, is a significant step towards achieving the goal of powering Barbados with 100% renewables by 2030, supplementing the existing 30 MW solar portfolio. German-based Jurchen Technology,...