Airports Authority of Trinidad and Tobago to launch business park
Trinidad and Tobago is the cultural and economic hotspot of the Caribbean. Emmanuel Baah explains how developments at the country’s busiest airport will create further opportunities
Businesses at the Piarco Aeropark will be just a stone's throw away from the entertainment capital of the Caribbean - Trinidad and Tobago's carnival is one of the largest street parties in the world
Visitors to Trinidad and Tobago will soon be able to visit an exciting new urban centre for shopping and entertainment. At the same time, companies seeking to expand their operations in Latin America and the Caribbean will be able to access prime real estate in one of the region’s most dynamic economies.
The Airports Authority of Trinidad and Tobago – the organisation responsible for managing international airports in Trinidad and Tobago – is poised to announce the launch of a mixed-use business park along the model of an airport city. Phase one of this development, the Piarco Aeropark, occupies 168 acres of prime real estate just metres from the Piarco International Airport in Trinidad.
Business and pleasure
Trinidad and Tobago has one of the strongest economies in the Caribbean. Its economic resilience explains why the country has been attracting investment from across the world, in sectors as varied as oil and gas, financial services, retail, and manufacturing.
The Piarco Aeropark will help bolster Trinidad and Tobago’s reputation as the business and entertainment capital of the Caribbean
The Piarco Aeropark will help bolster Trinidad and Tobago’s reputation as the business and entertainment capital of the Caribbean. The country is renowned for its rich blend of cultures, cuisines and festivals: each year, visitors flock to the islands to take part in their carnival – one of the largest street parties in the world – and to enjoy the country’s world-class diving, game fishing, surfing and birdwatching opportunities.
Access to the Southern Caribbean
The Piarco Aeropark has zones earmarked for free trade, a four star airport hotel and conference centre, retail shopping, entertainment, offices, warehousing, manufacturing, and a maintenance repair and overhaul facility.
The park is ideally located for companies seeking to access South America and the Caribbean. As Trinidad and Tobago is a major producer of natural gas, energy costs are relatively low and give manufacturers located there a competitive edge.
Businesses will also benefit from a highly trained labour force: the product, in part, of successive governments making it a policy priority to offer citizens free tertiary education.
Companies based at the park will be in an excellent position to reach potential clients from other Caribbean countries, as well as Venezuela. Historically, a significant number of people from the Southern Caribbean have come to Trinidad and Tobago to shop for gifts and parts, as well as to make wholesale purchases of foodstuffs and hardware items. The air cargo links between the islands and the Southern Caribbean support this retail economy.
A worldwide call for Requests for Proposals for the leasing of space at the Piarco Aeropark is expected shortly.
For further information visit tntairports.com/aatt/nabpark.html or email marketing@tntairports.com
