Government secures additional funds for its 500 house in 500 days initiative

Government secures additional funds for its 500 house in 500 days initiative

Antigua and Barbuda’s Minister of Tourism, Economic Development, Investment and Energy, The Honourable Asot Michael, will go after international investment, this week, as he attends ‘Invest DR’.


The Minister will meet hundreds of top investors at the two-day summit, which started today in the Dominican Republic.  ‘Invest DR’ is considered the Greatest Investment Summit in Central America and the Caribbean.


More than five hundred investors representing fifty countries have descended on the island to hold talks on business opportunities in tourism, energy, infrastructure, agribusiness, and the services and manufacturing industry. His Excellency Danilo Medina Sánchez, The President of the Dominican Republic, addressed delegates at the opening ceremony.


The Minister’s trip is in line with Government’s objective of attracting a significant amount of direct foreign investment within a year’s time.


Earlier today, the Economic Development and Investment Minister announced that: “Antigua and Barbuda is open for business.  There is no question about it, investment is key to the Government of Antigua and Barbuda’s economic plan.  We have revamped legislation and are formulating policies to make it more attractive for businesses to operate in the country as the focus is on securing more global investment.”


Those involved in the closed afternoon meeting with Minister Michael to discuss investment strategies included heads of Government in the Dominican Republic: Minister of Tourism, Francisco J. García,  José Del Castillo Saviñón, Minister of Industry and Commerce,  and Pelegrin Castillo Seman, the Minister of Energy and Mining.


The minister will be seeking potential future collaborations in the shared sectors.


“The investment summit, presents an excellent opportunity to build relationships with a range of companies; gain valuable insights into their investment needs, and network with authorities in the trade,” said the Minister.


He is encouraging investors to consider real estate and business projects in Antigua and Barbuda.


A line-up of over fifty high-profile business and trade experts in their fields, representing companies like Grupo Corripio, Grupo Puntacana, Marina Boca Chavon, The Financial Times Group, Deloitte Consulting, Interenergy Holdings, The World Bank and the Caribbean Export Development Agency are scheduled to participate in panel discussions and networking sessions at the event.

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Posted by on Sep 6 2014. Filed under News, Politics, World. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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