PM Douglas points to endless benefits for nationals from investment

BASSETERRE, ST. KITTS, FEBRUARY 19TH 2014 (CUOPM) – Kittitians and Nevisians must continue to benefit from increased local or foreign investment in the twin-island Federation.

Farron Ground Breaking
Farron Ground Breaking

Pointing out that increased investment keeps the economies going, Prime Minister the Right Hon. Dr. Denzil L. Douglas noted that human settlements need individuals with a product or service to sell, capital to bring that product or service to market and managerial expertise to keep the idea vital and viable.

He said nations or towns therefore partner with investors to achieve two objectives, namely to create jobs, tax revenues, and entrepreneurial opportunities for locals, and produce a profit from the investor.

During his weekly radio programme “Ask the Prime Minister” on Tuesday, Prime Minister Douglas noted that his St. Kitts-Nevis Labour Administration leads the Eastern Caribbean in attracting investment “because we know investment brings real benefits to real people.”

“If we were to reflect on any major investment in the Federation – from the ground-breaking to the period in which it is completed and fully operational, we would see the opportunities that these investments open up for local manual workers and architects, security guards and lawyers, plumbers and doctors, drivers and computer technicians,” said Prime Minister Douglas.

He added that the categories of people who stand to benefit from each new investment are really endless.

“That is why we have been placing so much emphasis on ensuring that St. Kitts and Nevis competes effectively for the investment capital that is available – whether at home, or abroad,” said Dr. Douglas.

You might also like