Investment Opportunities Available For Barbadians Living Overseas

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Minister of Economic Affairs, Empowerment, Innovation, Trade, Industry and Commerce, Dr.David Estwick??

Barbadians living in other jurisdictions are being encouraged to seek investment opportunities in their native homeland, Barbados.

This was stated last Saturday by Minister of Economic Affairs, Empowerment, Innovation, Trade, Industry and Commerce, Dr.David Estwick. He was addressing participants of the Inaugural Barbados Network Consultation at the Lloyd Erskine Sandiford Centre.

He said areas of investment would include alternative and renewable energy; wind farms; waste to energy; solar electricity; medical tourism; international filming; venture capital; biotechnology and innovation.

"Certainly Barbados can boast of having all those elements that are conducive to investment. You should, therefore, have no reservations about investing at home and you can be fully assured that your investments are safe here in Barbados. I will, therefore, implore you to invest in new and innovative projects which Government has identified as strategic to our development," Dr.Estwick underscored.

The Economic Affairs Minister noted that one of the tools used for facilitating such ventures was the website Network Barbados, which, Invest Barbados had created to promote the island as a quality jurisdiction for foreign direct investment and to facilitate investors, especially Barbadians abroad.

"Barbadians who are registered can list their projects and track projects?? looking for financial assistance or strategic alliances. It’s also a database of skills that we can use when we are looking to meet the skills needs in the country," he explained.

Dr. Estwick indicated that Invest Barbados, which was headquartered in Barbados, was a "one-stop-shop", with offices in New York, Toronto and London and it also had responsibility for developing the services export sector in the country. clashley@barbados.gov.bb

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