Nevis Attracts Significant Investment and Economic Growth

According to Premier of Nevis and Minister of Finance and Economic Planning, Honourable Mark Brantley, Nevis is experiencing an unprecedented level of investment and economic growth. In a recent press conference, he highlighted several major ongoing developments across the island.

Investment in Various Sectors

Mr. Brantley pointed to significant investments in various sectors, including tourism, infrastructure, and business expansion. He mentioned the opening of new businesses, such as Mojos, a French bistro and bakery, and the ongoing developments at Pinneys, which will feature a restaurant and entertainment facility.

Infrastructure Development

The Premier mentioned several infrastructure projects, including the construction of a new call center in Brown Hill, which will employ an additional 50 people this year. He also noted that another call center, operated at the Saint Jean building at the top of Happy Hill, has expressed interest in expanding its operations.

Private Construction and Land Sales

Mr. Brantley emphasized that investment in Nevis is not limited to commercial businesses, but also includes private constructions and land sales. He highlighted the significant number of land sales being observed and the ongoing investments by the Nevis Land and Housing Development Corporation (NHLDC).

Influx of Investors from St. Kitts

The Premier noted that the influx of investors from neighboring St. Kitts further underscores Nevis’ economic momentum. He receives regular calls from business owners in St. Kitts, eager to set up operations in Nevis, citing the island’s attractive business environment.

Challenges and Opportunities

With the increasing demand for space to accommodate new businesses, Mr. Brantley acknowledged that space has become a growing challenge. He encouraged larger businesses, such as TDC and Horsfords, to consider expanding their presence in Nevis, undertaking significant housing and accommodation projects similar to those in St. Kitts.

Conclusion

Nevis is experiencing a period of unprecedented economic growth, driven by significant investments in various sectors. With its attractive business environment, the island is attracting investors from neighboring St. Kitts and beyond. While challenges arise, Premier Brantley is confident that Nevis is poised for continued growth and development.

Frequently Asked Questions

What is driving the economic growth in Nevis?
- Significant investments in various sectors, including tourism, infrastructure, and business expansion.
What is the current state of the economy in Nevis?
- Nevis is experiencing unprecedented economic growth, with a strong and growing economy.
What is the Premier’s perspective on the economy?
- He believes that the economy is strong and growing, with many indicators pointing to a positive outlook.