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Saint Lucia and Barbados Explore Investment Possibilities

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Contact: Virnet St. Omer-Fontenelle

Tuesday, June 07, 2005 - The Saint Lucia Chamber of Commerce will join the Barbados Chamber of Commerce for a series of two workshops on exploiting opportunities for investments with the hosting of World Cup 2007 in the Caribbean.

The first of the two workshops will be held in Barbados on June 22nd to be followed by another in Saint Lucia the date of which has not been determined.

Executive Director of the Saint Lucia Chamber Mr Brian Louisy said Barbados was a natural partner to explore possibilities for joint ventures and other investments because of the experience of already having presented a joint bid with Saint Lucia to host matches in cricket’s biggest event.

The workshop will address what investment opportunities are available in Barbados to Saint Lucian businesses and what is in Saint Lucia for Barbadians wishing to invest in Saint Lucia.
The Chamber said the staging of such an event in the Caribbean presents tremendous opportunities for long-term economic growth in the region.

The Barbados workshop will be addressed by Sir Charles Williams Chairman of C O Williams Group of Companies. Three presenters from Barbados and St. Lucia will outline the likely business projects; they are Mr Andrew McConney of Ernst and Young Barbados, Mr Richard Peterkin Price Water House Coopers, St. Lucia and Mr Stephen Alleyne, CEO World Cup Barbados Inc.

Since the announcement of Saint Lucia’s winning bid the Government of Saint Lucia has presented a schedule of incentives for investments for World Cup 2007.

Members of the Business Community are invited to join the Saint Lucia delegation to Barbados.

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