INVEST TCI CONTINUES TO SHINE AT THE CARIBBEAN HOTEL & RESORT INVESTMENT SUMMIT

Providenciales, Turks and Caicos Islands, May 17^th, 2022 – Invest Turks and Caicos (Invest TCI) continues to make exceptional strides at the annual Caribbean Hotel & Resort Investment Summit (CHRIS).

A most noteworthy hotel investment conference, CHRIS, was held on March 16^th and 17th at the Seminole Hard Rock Hotel & Casino, Hollywood, Florida. The two-day event saw over 200 persons from North and South America and the Caribbean join together for an exciting agenda with 20+ informative sessions and unbeatable networking opportunities. The event also featured insights from 60+ industry experts, such as Marriott International’s CEO, Tony Capuano; the Inter-American Development Bank’s Chief Economist and General Manager of the Research Department, Eric Parrado Herrera.

Invest TCI was once again a platinum sponsor of the event. A delegation from the TCI attended the event. It included the Deputy Premier and Minister for Finance, Investment and Trade, The Honourable E. Jay Saunders, Acting CEO of Invest TCI, Angela Musgrove, and other members of the Invest TCI team. 

Invest TCI hosted a session, “Opportunities in the Turks and Caicos,” which gave attendees an in-depth look into the Turks and Caicos Islands and highlighted investment opportunities in the islands. The presentation made by Invest TCI’s Acting CEO, Angela Musgrove, encouraged attendees to consider investment opportunities in the family islands, which are relatively untouched and have much to offer. Her presentation drew attention to the islands outside of Providenciales. She noted that a world of untapped opportunities lies in the unspoiled, picturesque “family islands,” a collection of ecological magnificence waiting to be transformed. 

Deputy Premier Honourable Saunders also participated in the Views from Heads of Government Session, which focused on the current affairs of the Turks and Caicos Islands. The Deputy Premier commented on the island’s economic strength and growth trajectory and his government’s commitment to ensure that it doesn’t just have five-star properties but is a five-star destination.

Most outstanding for the Turks and Caicos Islands at this year’s event was the attendance of TCI’s Trevor Ariza, 2009 NBA Champion, and the announcement of The Ritz Carlton, Turks and Caicos Resort, as the Development of the Year 2021.

Notable at the conference as well was the presentation of the Caribbean Hospitality Financing Survey Report by TCI’s Gary Borough of Baker Tilly. The report noted that of the 17 Caribbean destinations surveyed where financiers are most bullish about providing finance, Turks and Caicos rated highest among non-banks’ top countries for new financing.  This level of confidence in our market and our product is very encouraging as we look to increase access to financing support in our domestic market.

Mrs. Musgrove, Acting CEO, commented on the summit, “Invest TCI has attended CHRIS for the past six years, and each year we have seen greater exposure for the TCI as the islands stand out from other countries in the region. We continue to build lasting relationships and have generated solid leads, which have translated into projects. We look forward to next year’s conference and promoting investment opportunities in the TCI.

For updates on CHRIS and other Invest TCI events, visit our website at www.investturksandcaicos.tc or our social media pages at @investtci.

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About Invest Turks and Caicos

Invest Turks and Caicos is the Islands’ Investment Promotion Agency, responsible for enhancing the economy through the attraction, growth and retention of overseas investment; and supporting the growth of local businesses.

We provide a free and confidential service to overseas businesses looking to expand and will work with a company project team throughout the investment process, providing advice and support. This can include:

• Information on the local business climate;
• facilitating contact with relevant Government Departments throughout the investment process;
• advice on Government incentives and concessions to investors;
• introductions to local service providers/suppliers;
• advice on work permits and permanent residency procedures;
• ongoing support following set up.

We also work actively to support the growth of local businesses, including the management and delivery of the Micro Small and Medium Enterprise programme which provides concessions and reliefs to locally owned businesses.