Barbados, an exquisite gem in the Caribbean, is capturing the attention of international investors seeking both a second home and lucrative investment opportunities. The region's real estate market has witnessed remarkable growth, with developers capitalizing on the demand for luxury properties. From high-end resorts and private villas to luxury condominiums, these projects offer exclusive amenities,...
According to Barbados Today, a groundbreaking report has shed light on the challenges hindering private sector growth in Barbados and 11 other Caribbean countries. The report, titled the Regional Private Sector Diagnostic (RPSD), was jointly launched by the World Bank Group and the Caribbean Development Bank (CDB) and offers recommendations to stimulate private sector investment and address key...
The Barbados Consulate in Miami, in partnership with the Carrie-Lynn Grazette Cancer Foundation, recently organized a special outreach program called 'Barbados Comes to Atlanta' (BCTA) from Friday, May 26 to Monday, May 29 in Atlanta, Georgia. During the event, Ambassador Noel Lynch, representing Barbados in the United States and the Organisation of American States, proudly announced that Barbados has...
Barbados is poised to receive a substantial boost in funding from one of its primary development partners for various private sector-led projects spanning multiple sectors. Officials from the Inter-American Development Bank (IDB) Group revealed this during an interview with Barbados TODAY on Tuesday. Following a productive meeting with government and private sector representatives on Monday, James...
Barbados, known for its picturesque white sandy beaches, vibrant music, and captivating beauty, has set its sights on attracting tourists from the Gulf region. While the Caribbean island nation has long been a popular destination for global travelers seeking relaxation and natural wonders, it remains relatively unknown to tourists from the Gulf. However, Barbados is determined to change that. At the...
Francesco La Camera, the Director-General of the International Renewable Energy Agency (IRENA), believes that the Caribbean holds significant potential for a large-scale offshore wind farm project. La Camera highlighted the agency's request to develop an idea for offshore wind projects in the region, emphasizing the immense opportunities available, including solar energy and agri-food...
Amidst geopolitical events, the pandemic, and inflationary pressures, the Caribbean islands have not been immune to these global factors. However, Barbados, in particular, presents a promising economic outlook for 2023 and beyond, making it an appealing option for individual investors seeking opportunities in the region. Real estate stands out as an incredible investment opportunity in Barbados. With...
Kilchoman, the renowned Islay Scotch whisky producer, has been granted planning permission to establish a rum distillery in Barbados. In August 2021, Kilchoman acquired the abandoned Bentley Mansion and nine acres of land in the parish of Saint Philip. The company has outlined its vision to construct dedicated structures for the rum distillery, milling operations, and cask warehousing, while also sourcing...
Caribbean resorts and businesses have long struggled with expensive energy costs. However, as the region experiences a surge in hotel construction and investment, there is an increasing demand for sustainable, reliable, and cost-effective energy solutions. One company that is revolutionizing the Caribbean's clean energy landscape is E-Finity Distributed Generation. E-Finity, a trailblazer in...
The annual Caribbean Hotel and Resort Investment Summit has commenced in Coral Gables, Florida, marking the region's most prominent event in the hospitality industry. Held at the Loews Hotel in Miami's Coral Gables neighborhood, the 14th edition of the summit brings together a distinguished group of developers, hotel owners, investors, and executives from across the Caribbean. With over 400 delegates in...