The new Alternative Investment Option under the CBI Programme provides opportunities for other sectors to grow and develop.

As countries worldwide plan for post-pandemic recovery, we have an opportunity to create sustainable investment opportunities to build back better. Our Foreign Direct Investment (FDI) goals are fully aligned with our sustainable development goals, designed to foster inclusive growth and an environmentally and socially sustainable economy. COVID-19 has reminded us that economic development can no longer ignore the sustainable agenda as outlined in the United Nations Sustainable Development Goals (SDGs).

St. Kitts is particularly keen on the attention being given to High Tech Agriculture (smart farming) and Green Energy as two key sectors for sustainable development. At SKIPA, we believe that attracting investment in High Tech Agriculture and Green Energy has strong potential to support the realization of SDGs. Investment opportunities in High Tech Agriculture are designed to achieve sustainable food security while investment opportunities in Green Energy are designed to reduce dependence on fossil fuels, at the same time decreasing the cost of energy to the citizens and residents of the country. Technological change in the agribusiness sector and the construction of green energy systems will require investment from both foreign and local investors. Our thrust towards achieving the SDGs include well-designed incentives for investors.

The Real Estate Option under the CBI programme continues to gather interest from investors.

The prospect for growth in Foreign Direct Investment remains optimistic, post the global pandemic. FDI inflows, in particular, real estate related projects, are expected to continue to be a major contributor to the country’s economic growth and overall development. There are a number of other large scale investment projects in the pipeline, which are expected to sustain FDI flows into the foreseeable future.