Blue Economy:
Opportunities for Investment
in Grenada, Saint Lucia and
Saint Vincent and the
Grenadines
Blue Economy:
Opportunities for Investment
in Grenada, Saint Lucia and
Saint Vincent and the
Grenadines
A region of unspeakable wealth. Viable investment opportunities in the Blue Economy
The strategic location, rich biodiversity and growing demand for sustainable activities make the Eastern Caribbean a very attractive investment destination.
With a market potential of over 407 billion dollars, the region’s sectors offer lucrative investment opportunities.
The World Bank defines Blue Economy as the Sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health.
The Blue Economy has emerged as a significant concept globally, particularly in regions like the Eastern Caribbean States, including Grenada, Saint Lucia and Saint Vincent and the Grenadines.
Collectively, the Eastern Caribbean has jurisdiction of approximately +234,038km2 of Exclusive Economic Zone (EEZ) waters – about 81 times the size of their land mass, providing excellent investment opportunities in sectors like:
Tourism
Aquaculture
Fisheries
Did you know that…
There are no limits on foreign control allowing up to 100% ownership and control of companies.
The attraction of the area is enhanced by its lush tropical forests, white sandy beaches, abundant marine resources and water activities.
The region has invested heavily in promoting a number of key sectors, creating significant investment opportunities in areas such as eco-resorts and tourism experiences, responsible waste management, electronic and hybrid ferry services, fish processing and aquaculture, and the development of the seaweed and sea moss sector.
By focusing on sustainability, it is possible to achieve long-term profitability for the projects while contributing to the preservation of natural resources.
All these aspects allow you to take advantage of the blue economy with a focus on:
Did you know that…
The region has been investing in modernizing port infrastructure with over 250 million dollars of investment.
The region has a 94% literacy rate and is multilingual which facilitates seamless communication for doing business.
Increasing economic
power
Creating jobs opportunities
Promoting successful companies
Investing in the Blue Economy promises:
Obtaining lucrative returns
Supporting sustainability
Combating climate change
Uplifting coastal communities
Why the Eastern Caribbean?
Explore the top reasons to invest in Grenada,
SAINt Lucia and SAINt Vincent and the Grenadines
With their extensive expanse of unspoiled marine resources and their geographical location, the Eastern
Caribbean countries of Grenada, Saint Lucia and Saint Vincent and the Grenadines present unique
opportunities for investment in sustainable development initiatives.
Investing in this region is unrivaled because:
Quality of life
Natural landscapes, unspoilt beaches and a year-round warm climate, combined with a rich and diverse cultural heritage and peaceful atmosphere.
Modern
infrastructure
The region has ongoing developments and investments in infrastructure (including roads, airports and telecommunications), and offers modern public services and reliable energy sources to support businesses. Accessibility to electricity, water, telecommunications, and internet with low real estate acquisition costs.
Strategic location
The region’s strategic location offers nearshore benefits for business and management control with proximity to major markets such as the US, UK and other European countries.
Accessibility
Extensive air connectivity provides daily connections to North America, the UK, and Europe. Regional ports also allow easy access to raw materials and equipment.
Openness to trade
Preferential access to large markets like the US provides competitive advantages, including CARICOM (Caribbean Community), CARIFORUM-EC Economic Partnership Agreement (EPA), and the Caribbean Single Market & Economy (CSME).
As member states of the Organisation of Eastern Caribbean States (OECS), these countries benefit from a unified financial and economic area, facilitating the free movement of goods, people and capital between all the members.
Economic & Political
stability
One of the regions with the quickest recovery rates post-pandemic. The Economic & Political Stability with democratic governance and respect for the rule of law, allows to work actively to diversify economies in order to build resilience to external shocks and to ensure prudent fiscal management and proactive policies to support sustainable development.
Skilled labour force
A highly educated, skilled, multilingual labour pool. Agreements such as CARICOM provide freedom of movement within the region, increasing access to a talented workforce.
Investment
Incentives
The Eastern Caribbean islands all encourage foreign direct investment (FDI), particularly in the Blue Economy through a wide range of benefits and incentives:
– Fiscal incentive programmes
– No restrictions on foreign control
– Customs Duty Exemptions
– Flexible exchange controls
– Tax and investment treaties
– Participation in regional free trade agreements
– Citizenship by investment programmes
Ease of doing
Business
Policies and programs to attract foreign direct investment, including streamlined regulatory processes, investment incentives, and support for sustainable development initiatives.
Quality of life
Natural landscapes, unspoilt beaches and a year-round warm climate, combined with a rich and diverse cultural heritage and peaceful atmosphere.
Strategic location
The region’s strategic location offers nearshore benefits for business and management control with proximity to major markets such as the US, UK and other European countries such as Spain.
Accessibility
Extensive air connectivity provides daily connections to North America, the UK, and Europe. Regional ports also allow easy access to raw materials and equipment.
Openness to trade
Preferential access to large markets like the US provides competitive advantages, including CARICOM (Caribbean Community), CARIFORUM-EC Economic Partnership Agreement (EPA), and the Caribbean Single Market & Economy (CSME).
As member states of the OECS, these countries benefit from a unified financial and economic area, facilitating the free movement of goods, people and capital between all the members.
Modern infrastructure
The region has ongoing developments and investments in infrastructure (including roads, airports and telecommunications), offers modern public services and reliable energy sources to support businesses. Accessibility to electricity, water, telecommunications, and internet with low real estate acquisition costs.
Economic & Political stability
One of the regions with the quickest recovery rates post-pandemic. The Economic & Political Stability with democratic governance and respect for the rule of law, allows to work actively to diversify economies in order to build resilience to external shocks and to ensure prudent fiscal management and proactive policies to support sustainable development.
Skilled labour force
A highly educated, skilled, multilingual labour pool. Agreements such as CARICOM provide freedom of movement within the region, increasing access to a talented workforce.
Investiment Incentives
The Eastern Caribbean islands all encourage foreign direct investment (FDI), particularly in the Blue Economy through a wide range of benefits and incentives:
– Fiscal incentive programmes
– No restrictions on foreign control
– A legal system based on British Common Law
– Flexible exchange controls
– Tax and investment treaties
– Participation in regional free trade agreements
– Citizenship by investment programmes
Ease of doing Business
Policies and programs to attract foreign direct investment, including streamlined regulatory processes, investment incentives, and support for sustainable development initiatives.
Sector Opportunities
Discover untapped investment opportunities across Grenada, Saint Lucia and Saint Vincent and THE Grenadines
Did you know that…
In 2023 more than 4.2 million travelers visited the Eastern Caribbean.
Ocean & Coastal Tourism
The Eastern Caribbean welcomed more than 4.2 million visitors to the region in 2023 for a “sun, sand and sea” experience, around 50% more than in 2022. The World Travel and Tourism Council (WTTC) estimates that the overall tourism sector in the Caribbean will grow at an average annual rate of 5.5%, more than double the region’s overall economic growth of 2.4%, reaching 85.1 billion dollars in 2032.
Trends indicate that travelers are actively seeking destinations that offer outdoor recreation and adventure. The islands offer a wide variety of water and sea activities and pristine marine resources that create real investment opportunities in the Blue Economy.
Priority Sub-Sectors for investment
– Ecotourism and Sustainable Hotels/Resorts
– Yachting & Marine Investments
– Sustainable waste management
– Maritime transport, especially EV/hybrid ferry operations
Aquaculture & Fisheries
The fisheries sector in Grenada, Saint Lucia and Saint Vincent and the Grenadines is traditionally well established. The growing global demand for sustainable food sources to feed a rapidly growing population presents a promising opportunity for investment in aquaculture in this region. With responsibility for marine areas that far exceed its land mass, this region is uniquely positioned to expand its fisheries industry through investment in aquaculture. The island nations have a variety of aquatic species and unique capabilities and resources for growing and harvesting sea moss.
Priority Sub-Sectors for investment
– Sustainable Fish Processing
– Aquaculture Processing, with an emphasis on sea moss
– Geospatial technology and remote sensing
Did you know that…
The value of fisheries exports in the Caribbean increased by 25% between 2018 and 2022, presenting promising opportunities for potential investors.
Investment Promotion Agencies
(IPAs)
Grenada, Saint Lucia and Saint Vincent and the Grenadines IPAs are relevant for the countries’ economic
growth and development. The central axis of their mission being the active search for investment
projects that positively impact the country’s sustainable economic development goals.
The Grenada Investment Development Corporation’s mission is to encourage and facilitate foreign and local investment in Grenada by providing support, services and incentives to investors, as well as promoting investment policies to support businesses.
Invest Saint Lucia’s mission is to energize, defend and assist the growth of commercial and investment ventures in Saint Lucia. They provide expert guidance on the steps to take to establish a business and incentives to support economic growth and expansion. Invest Saint Lucia it’s a member of the Caribbean Association of Investment Promotion Agencies (CAIPA) and the World Association of Investment Promotion Agencies (WAIPA).
Invest SVG is the investment promotion agency for Saint Vincent and the Grenadines, under the supervision of the Ministry of Finance, Economic Planning, Sustainable Development and Information Technology. Responsible for attracting and assisting local and foreign direct investment (FDI), Invest SVG provides services in the field of investment promotion, investment facilitation and information research/development.
Find out moreabout what we have to offer
THE BLUE ECONOMY:
OPPORTUNITIES FOR INVESTMENT IN GRENADA, SAINT LUCIA, AND SAINT VINCENT AND THE GRENADINES
PROPELLING THE BLUE ECONOMY:
INVESTMENT INCENTIVES IN GRENADA, SAINT LUCIA AND SAINT VINCENT AND THE GRENADINES
BLUE TOURISM:
SUSTAINABLE INVESTMENT
OPPORTUNITIES IN GRENADA, SAINT LUCIA
AND SAINT VINCENT AND THE GRENADINES
DIVE INTO THE BLUE ECONOMY:
AQUACULTURE & FISHERIES INVESTMENT
OPPORTUNITIES IN GRENADA, SAINT LUCIA
AND SAINT VINCENT AND THE GRENADINES
A world of opportunities.
Harness the potential of
the Blue Economy.
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CONTACT US HERE
