InvesTT returns to pre-pandemic investment values

InvesTT returns to pre-pandemic investment values

Fiscal 2022 Achievements (Oct '21 - Sept '22)

For the fiscal year ended September 2022, InvesTT facilitated TT$486.3Mn in investments, representing a 70% increase from the prior year and a doubling of its targets. These results equate closely with InvesTT’s 3-year average of TT$400Mn/yr in investments facilitated pre-pandemic (2016 to 2018).

Here are the highlights:

  • T&T’s local business climate doubled down and invested TT$345.5Mn while foreign direct investment totalled TT$140.8Mn.
  • Foreign Investment in non-energy sectors on the rise - The BPO industry dominated our foreign interest with four new investments, citing the skill, articulation and warmth of our people as our biggest asset.
  • InvesTT confirmed investments from two Chinese manufacturing firms that will be establishing operations at e TecK’s Phoenix Park Industrial Estate.
  • Keynote activities during Fiscal 2022.
  • InvesTT remains optimistic that with the right FDI attraction strategy coupled with attractive benefits – which will soon include Special Economic Zone incentives – Trinidad and Tobago is well positioned to capture rejuvenated investment interest in the Caribbean.

InvesTT employs a proactive strategy to attract investment despite global economic uncertainties.

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