Finance Minister Davendranath Tancoo said the tourism sector is ripe for investment opportunities — from marine expansion to refurbished, abandoned sport infrastructure and increased hotel investment.
He noted that the marine sector will actively bring investment from tourists, drawing on our expertise in this area.
“Trinidad and Tobago’s maritime sector has not been left out. It will be repositioned as the Southern Caribbean’s yachting and marine services hub. Simplified Immigration Customs procedures, digital clearances and PPP drive marinas and super yacht facilities will expand tourism and investment.”
He noted that tourism is a multi-pronged sector, revealing a plan in which once-unused resources will now be utilised for T&T’s gain.
“Idle or distressed State assets will be repurposed for revenue, including the redevelopment of the long-abandoned Caroni Racing Complex into a world-class convention centre.”
All this will happen, he said, in conjunction with the manufacturing sector.
New products in medical, sport, and cultural tourism will be positioned to facilitate greater competitiveness for the sector. Hotels will be completed, including Maracas Bay and Hampton Inn, to name just two.
“The visitor experience will be modernised to secure cashless payments and improve productivity.
A year-round Carnival City and the Turtle Tourism Capital Initiative will integrate culture, conservation and community benefit.”
The Minister of Finance said the nation’s wealth lies in its citizens, and the UNC’s people-centred framework will enhance dignity, equity, and hope for all.