Grenada
It is the world's second-largest producer of nutmeg and is a significant producer of mace, cinnamon, ginger and cloves. Grenada has one of the fastest-growing economies in the Caribbean with high growth in property investment and tourism.
As a result, the World Travel and Tourism Council predict tourism growth of 5.5% per year between 2006 and 2015; high above the rate for the Caribbean as a whole. Grenada has a lush and mountainous interior, with national parks, waterfalls, hiking trails and white sandy beaches including the world-famous Grand Anse Beach.
The capital, St George’s, is widely considered to be the most picturesque in the Caribbean, whilst the rest of the island remains unspoilt in its natural beauty. Grenada’s tourist market is supported by direct flights from the UK, USA and Continental Europe, as well as by two downtown cruise ship terminals which received over 240,000 passengers between October 2005 and April 2006.
As well as Bacolet Bay, a new marina, commercial centre, duty-free shopping mall and planned golf resort will increase the island’s desirability over the coming years.
Investing Tips:
• New era of property developments
• A big construction boom ongoing
• No sign of slowing down short-term
• Playground of an international elite
• Westernised Prosperity and lifestyles
• Strong entrepreneurial setting
• Strong telecommunications
• Excellent air links around the world
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Caribbean’s Emerging Market
