The Caribbean Council was pleased to host a 𝗺𝗲𝗺𝗯𝗲𝗿𝘀’ 𝗿𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲 𝘄𝗶𝘁𝗵 𝗛𝗲𝗿 𝗘𝘅𝗰𝗲𝗹𝗹𝗲𝗻𝗰𝘆 𝗦𝗺𝗶𝘁𝗮 𝗥𝗼𝘀𝘀𝗲𝘁𝘁𝗶, 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 𝗛𝗶𝗴𝗵 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝗲𝗿 𝘁𝗼 𝘁𝗵𝗲 𝗖𝗼𝗺𝗺𝗼𝗻𝘄𝗲𝗮𝗹𝘁𝗵 𝗼𝗳 𝗧𝗵𝗲 𝗕𝗮𝗵𝗮𝗺𝗮𝘀.
The session concentrated on the current business environment in The Bahamas and the opportunities for greater UK trade, investment, and partnership. The High Commissioner described The Bahamas as broadly stable and well-positioned for growth, with a healthy budget, a fiscal surplus, and an improved credit rating.
Alongside its established #tourism sector, the country is pursuing an ambitious #infrastructure and development agenda, creating a range of diverse opportunities for UK companies.
Grand Bahama, the country’s second-largest island, is a central focus, attracting major tourism and infrastructure investment of US$3.5 billion as it undergoes repositioning for long-term growth.
𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀 & 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
- Housing and social infrastructure: New public-private partnership for low-income housing is anticipated, with the main hospital also a priority. Opportunities in material supply.
- Energy: Grid modernisation is underway, supported by a major LNG agreement and growing interest in solar and wind, alongside a smart-meter programme. Reliability of supply is a pressing national priority.
- The Family Islands: Central to Bahamian identity, these islands are a focus for renewed investment, including a programme to upgrade airports across nineteen of them.
- Technology and AI: The government is seeking to improve efficiency, upskill the workforce, and modernise public services.
- Climate resilience: Given the country’s exposure to extreme weather, there is strong demand for climate-resilient infrastructure and insurance.
The event concluded with a shared emphasis on partnerships, skills transfer, and the creation of long-term opportunities between the UK and The Bahamas.
We would like to thank High Commissioner Rossetti and all participating members for their valuable contributions to the discussion. This event was generously hosted by Amey.
𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗠𝗲𝗺𝗯𝗲𝗿𝘀𝗵𝗶𝗽? 𝗘𝗻𝗾𝘂𝗶𝗿𝘆 𝗧𝗼𝗱𝗮𝘆: The Caribbean Council has memberships to suit all business types. Use this link to find out about membership options.
𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 𝘁𝗼 𝗼𝘂𝗿 𝗺𝗮𝗶𝗹𝗶𝗻𝗴 𝗹𝗶𝘀𝘁: https://lnkd.in/e-FAdsyH
If you have any questions, please contact the team on 𝘁𝗲𝗮𝗺@𝗰𝗮𝗿𝗶𝗯𝗯𝗲𝗮𝗻-𝗰𝗼𝘂𝗻𝗰𝗶𝗹.𝗼𝗿𝗴.
