Wednesday, September 3, 2014

ANTIGUA AND BARBUDA COMMITTED TO ATTRACTING FOREIGN INVESTMENT


Antiguaand 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.

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