InvesTT Showcases T&T Opportunities to Saudi Arabian Investors

InvesTT Showcases T&T Opportunities to Saudi Arabian Investors

InvesTT’s president, Sekou Alleyne, presented investment opportunities in Trinidad and Tobago to an audience of Saudi investors during 6th & 7th July at the Saudi-Caribbean Investment Forum in Punta Cana, Dominican Republic. The Forum, hosted by the Caribbean Association of Investment Promotion Agencies (CAIPA) in collaboration with the Ministry of Investment for Saudi Arabia (MISA), was attended by representatives of some of the largest firms in Saudi Arabia, in addition to Caribbean IPAs and government representatives from both regions.

Sekou Alleyne, in his capacity as Director CAIPA, facilitated one of the Forum’s panel sessions entitled “Caribbean and Saudi Leaders Talk Tourism and Hospitality Business.”

Saudi Arabian businessmen showed particular interest in infrastructural projects, Renewable Energy as well as large Tourism developments. The Saudi Arabian Ambassdaor for the region, based in Venezuela, also expressed interest in visiting Trinidad and Tobago to follow up on more specific opportunities for Saudi firms.

According to Mr. Alleyne, who is also a director of CAIPA, “The high participation from companies at this Forum indicates that investors are still eyeing the Caribbean for opportunities. My presence there fit squarely into InvesTT’s FDI mandate to reach out and connect with international investors, with the ultimate aim of persuading them to establish a business in Trinidad and Tobago. It is important for the country to have increased visibility as a short-list investment location as this will directly impact our potential for a speedy post-pandemic economic recovery and growth."

For Fiscal 2022, InvesTT has already surpassed its FDI target for Fiscal 2022 by 146% and achieved its target for local direct investment (LDI) by 100%. 


As the national IPA, InvesTT promotes investment opportunities in the areas of Manufacturing, Business Process Outsourcing, Maritime Services and Logistics. The Agency also actively seeks tenants for the GORTT’s industrial estates that are managed by e TecK, such as the Phoenix Park Industrial Estate, the Moruga Agro-Processing and Light Industrial Park and the Tamana InTech Park. In June, the Agency announced the confirmation of 2 Chinese companies to tenant e TecK’s Phoenix Park Industrial Estate.