Barbados Participates In First Saudi-Caribbean Forum

• Published date: 22 July 2022
• Subject Matter: Finance and Banking, Energy and Natural Resources, Financial Services, Energy Law
• Law Firm: Invest Barbados
• Author: Invest Barbados

A Barbados delegation led by Senior Minister in the Prime Minister's Office, Dr. William Duguid, showcased a range of investment opportunities in Barbados at the first Saudi-Caribbean Investment Forum.

Other members of the delegation included Deputy Permanent Secretary (Ag), Prime Minister's Office, Paula Byer; Deputy Chief Executive Officer, Invest Barbados, Sandra Payne; and Foreign Service Officer, Ministry of Foreign Affairs, Disa Lewis.

The investment opportunities presented included hotel development, medical tourism, renewable energy, transportation, the blue economy, financial services, philanthropy and real estate opportunities, among others. The forum, themed 'Towards a New Era of Partnership for Socio Economic Development' was held in Punta Cana, Dominican Republic from July 6-8, 2022.

Deputy Minister for Investor Outreach of the Ministry of Investment for Saudi Arabia, Badr Al Badr, led the delegation from Saudi Arabia. His support team included VP Investment Attraction and Development for the Americas, Abdulrahman T. Bakir.

Approximately 60 Saudi Arabian firms were present at the Forum and with interest in a wide cross section of sectors including banking and finance, construction, energy, healthcare, food and beverages, hospitality, petrochemicals, pharmaceutical, mining and industry, wealth management and maritime, among others.

Also participating from Saudia Arabia were several government entities including the General Authority for Foreign Trade, the Federation of the Saudi Chambers, the Public Investment Fund, the Saudi Development Fund, the Ministry of Energy and the Ministry of Tourism.

The forum attracted approximately 230 delegates, with 14 Caribbean countries presenting their investment ready projects. Other presentations from the Caribbean were made by Antigua and...