Barbados has formalized a significant $500 million agreement with the Export-Import Bank of the United States (EXIM Bank), aimed at strengthening essential sectors such as renewable energy, cybersecurity, water infrastructure, and maritime security. The Memorandum of Understanding (MOU), signed by Prime Minister Mia Mottley and EXIM Bank Chairman and President, Reta Jo Lewis, is set to remain in effect...
Strengthening the historical and cultural bonds between India and the Caribbean Community (CARICOM), Indian Prime Minister Shri Narendra Modi has unveiled an ambitious seven-point agenda aimed at fostering deeper collaboration and driving development in the region. The announcement came during the Second India-CARICOM Summit, held on Wednesday at the Marriott Hotel in Georgetown, Guyana—a historic...
Hyatt Hotels Corporation has announced plans to expand its footprint in the Caribbean with the upcoming launch of Dreams Cap Cana Resort & Spa in the Dominican Republic. Developed in partnership with Cobbo Bay Developers SA, the new resort is scheduled to open by the end of the year, featuring 519 luxurious accommodations, including 40 villas and 100 swim-up suites. The property is designed to offer...
Barbados is positioning itself as a gateway for UK businesses eager to expand into the Caribbean, offering a stable economy, modern infrastructure, and a vibrant trade partnership with Britain. These opportunities were spotlighted as the 2024 UK Trade and Investment Mission to Barbados officially kicked off this week. The opening event, hosted at the elegant Crane Resort, was a collaboration between...
The Caribbean Development Bank (CDB) has issued a clarion call for regional governments to foster dynamic ecosystems that elevate businesses to international competitiveness. Speaking at a recent launch event, Ian Durant, the CDB's Director of Economics, emphasized the urgent need for targeted reforms to empower businesses and position them as global contenders. Durant pointed out that while the...
Barbados has taken center stage at COP29, held in Baku, by unveiling its Investment Plan for Prosperity and Resilience—a transformative strategy aimed at enhancing the island's quality of life while positioning it as a global leader in climate-positive innovation. This ambitious roadmap highlights $11.6 billion in investment opportunities across sectors such as the blue economy, housing, renewable...
Over 300 investors, tourism officials, and industry leaders gathered in Barbados this week for the island’s inaugural hosting of the Caribbean Hotel Investment Conference and Operations Summit (CHICOS). During the November 13–15 event, held at the Wyndham Grand Barbados Sam Lord’s Castle, Minister of Tourism Ian Gooding-Edghill encouraged participants to explore the abundant investment...
E-Finity Distributed Generation is at the forefront of transforming the Caribbean’s energy landscape, with its innovative microgrid solutions helping to power everything from large resorts to affordable housing developments across the region. The company has played a key role in promoting clean, reliable energy through its unique microgrid technology, which integrates solar power, battery storage,...
Barbados has seen a pivotal shift in its tourism market, with the United States surpassing the United Kingdom as the primary source of visitors, signaling significant growth and change for the island’s travel industry. This development was highlighted by Javon Griffith, President of the Barbados Hotel and Tourism Association (BHTA), at the association’s fourth quarterly press briefing. According to...
The Caribbean has witnessed a surge in luxury property investments as affluent buyers, attracted by its beauty and tax incentives, seek secondary homes in tropical settings. Global property consultancy Knight Frank reports that, since the pandemic, the Caribbean has become a top destination for high-net-worth individuals (HNWIs), sparking new high-end developments that are redefining island luxury. On...