“Open to all lines” cruise ship pier in negotiation for the island of Salt Cay in 2023

Providenciales, Turks and Caicos Islands February 21^st, 2020 – Invest Turks and Caicos Agency (‘Invest TCI’) is proud to announce that Sea-T Adventure Ltd., with the approval of the Turks and Caicos Government, is in detailed negotiations to establish operations in the Turks and Caicos Islands by constructing a “world-class” cruise port on the island of Salt Cay.

Sea-T Adventures Ltd. approached the Government with the idea to construct an open fixed pier on the picturesque and strategically located island destination of Salt Cay to accommodate cruise stops to the Island. Invest TCI received a Cabinet directive on December 5, 2019, to enter into negotiations with Sea-T to develop terms for a Development Agreement for the “open to all lines” cruise ship pier.

Sea-T Adventure Ltd. is a registered Turks and Caicos Company with its primary charter to construct one of the most ecologically sensitive cruise destinations in the Caribbean. The Company has assembled a core team of Caribbean experienced engineers, financiers and architects consisting of PND Engineers, Inc., Bazarian International Financial Associates, and Conservative Architects Ltd.

Salt Cay is a brand new destination that allows the development team and highly qualified consortium members to implement the best business practices for protection of the environment and sustainability, to incorporate the history of the island including its strategic historical importance of salt production, and to assure that the quality guest experience is not compromising the needs of the local community.

It is expected that the Salt Cay cruise port will be open for operations in early 2023.

For more information on this development, contact Invest TCI at (649) 338-4772.

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About Invest Turks and Caicos

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

We provide a confidential service to overseas businesses looking to invest in the Turks and Caicos Islands, and will work with a company project team throughout the investment process, providing advice, support and facilitation. This includes:

• information on the local business climate;
• facilitating the inward investments through project review and advice to Cabinet;
• coordinating the investor’s interaction 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.

Invest TCI also works actively to support the growth of local businesses on the islands, including the management and delivery of the Micro Small and Medium Enterprise programme which provides grants, training funding and import duty relief to locally owned businesses.