The project which is valued at approximately TT$26,000,000 is a significant investment milestone for InvesTT as it pushes the agency closer to its 2022 local direct investment target of $180 million. To date, inclusive of this project, InvesTT has secured approximately $57 million in local direct investments.
With the construction of e TecK’s Phoenix Park Industrial Estate estimated to be completed in May 2022, InvesTT is seeing an uptick in interest from local and international operators in the logistics, manufacturing and ICT sectors. The investment promotion agency continues to provide reliable and timely facilitation to companies seeking to apply for tenancy at the Industrial Estate. Investments into this new modern estate by high-value industry principals will significantly contribute to the economic development of Trinidad and Tobago and supports Government’s diversification thrust in the non-energy sectors.