This announcement comes alongside the confirmations of three local companies, including Ramps Logistics and Global Tobacco, who will also be expanding their operations to PPIE.
In December 2021, anchor tenant PriceSmart International unveiled its intention to invest TT$52 million at the Estate.
Situated on 538,000 sq.m. in Point Lisas and financed by Export-Import Bank of China, PPIE contains five factory shells each at 5,000 sq.m. It plays an important role in the country’s economic development and diversification efforts as it targets firms in the areas of high-value and light manufacturing. PPIE is ideally suited for businesses seeking to grow markets in the Americas and has the potential to become a new industrial cluster and an economic powerhouse in the region.
According to BCEG, the construction of the PPIE is slated to be completed towards early August 2022.
Read more about PPIE here