St. Lucia Attracting Millions Of Dollars In Tourism Investments

• The St. Lucia government says it is anticipating investments in the tourism industry to surpass EC$320Mn as a result of negotiations with various investors during the first eight months of this year.
• According to Prime Minister Pierre, “Investors are showing high confidence and interest in St. Lucia’s economic prospects, evidenced by the level of tourism investments recorded for January to August 2022.” Pierre said during that period Cabinet approved 20 projects for tourism incentives “amounting to projected investments of EC$326.6Mn.”
• Tourism officials said that visitor expenditure post coronavirus (COVID-19) pandemic had exceeded EC$560Mn last year and hotels and other properties collectively made in excess of EC$303Mn.
• Further, the government indicated intentions to uphold corporate responsibility to treat workers fairly, compensate workers adequately so that every participant can enjoy the benefits of the tourism sector and in return, help to promote and defend the sector.

(Source: Caribbean News Weekly)