DU BOULAY’S AMONG TOP RE­GIONAL IN­VESTORS

The Star (St. Lucia) - - LOCAL -

Du Boulay’s Bot­tling Com­pany has been rec­og­nized as one of the top in­vestors in the re­gion, hav­ing emerged the win­ner in the Lo­cal In­vestor of the Year cat­e­gory at this year’s Re­gional In­vestor of the Year Awards (RIYA). The RIYA is a col­lab­o­ra­tive ini­tia­tive that seeks to rec­og­nize and pro­mote the con­tri­bu­tion of for­eign and lo­cal in­vestors to the Caribbean econ­omy. Du Boulay’s beat two other nom­i­nees - Choco­late Dreams Ltd. from Ja­maica and Bow­jay from Guyana - to win the cat­e­gory ti­tle.

The over­all award of Re­gional In­vestor of the Year was cap­tured by Kik­aboni (Healthy Flow Agro-in­dus­trial SRL), a healthy snack man­u­fac­tur­ing com­pany from the Do­mini­can Repub­lic which be­came the first com­pany in the world to pro­duce healthy snacks us­ing moringa oleifera as one of the main in­gre­di­ents.

Speak­ing at the con­clu­sion of the cer­e­mony held ear­lier this month dur­ing the Caribbean In­vest­ment Sum­mit in Mi­ami, Dun­stan Du Boulay, Man­ag­ing Di­rec­tor of the lo­cal bot­tling com­pany, con­veyed his ap­pre­ci­a­tion to the Caribbean Ex­port De­vel­op­ment Agency (CEDA) and the Caribbean As­so­ci­a­tion of In­vest­ment Pro­mo­tion Agen­cies (CAIPA) for nam­ing the com­pany as the Lo­cal In­vestor of the Year. “I wish to ex­press my sin­cere grat­i­tude and ap­pre­ci­a­tion to you and your team for the many cour­te­sies ex­tended dur­ing my at­ten­dance at the 2016 Caribbean In­vest­ment Sum­mit in Mi­ami which for me was a great ex­pe­ri­ence, the mem­o­ries of which will be with me for years to come and for which I wish to thank you all.”

CAIPA Pres­i­dent and CEO of In­vest Saint Lu­cia McHale Andrew, who also at­tended the sum­mit, re­marked that this lat­est award is tes­ti­mony to the fact that Saint Lu­cia’s man­u­fac­tur­ing sec­tor is on a growth tra­jec­tory. “The man­u­fac­tur­ing in­dus­try in Saint Lu­cia ac­counts for ap­prox­i­mately five per­cent of the is­land’s gross do­mes­tic prod­uct and em­ploys about six per­cent of our work­force. The com­pa­nies within this sec­tor, in­clud­ing Du Boulay’s, Baron Foods, Vik­ing Traders, St. Lu­cia Dis­tillers and Wind­ward and Lee­ward Brew­ery Lim­ited, con­tinue to re­ceive in­ter­na­tional recog­ni­tion and nu­mer­ous ac­co­lades for their brands. We an­tic­i­pate that over the next two to three years, the man­u­fac­tur­ing sec­tor will be fur­ther ex­panded with the in­tro­duc­tion of a new flour mill in Vieux Fort, a chicken pro­cess­ing plant in Den­nery and the ex­pan­sion of An­til­lia Brew­ing Com­pany to a fullfledged brew­ery, with the in­ten­tion to ex­port within and out­side of the re­gion. These prospects can only au­gur well for the sec­tor and the coun­try over­all.”

The Caribbean In­vest­ment Sum­mit was funded and co-or­gan­ised by the In­terAmer­i­can De­vel­op­ment Bank (IDB), CEDA and CAIPA as part of a Re­gional Pub­lic Goods Ini­tia­tive en­ti­tled ‘Sup­port to For­eign Di­rect In­vest­ment in the Caribbean’. Par­tic­i­pat­ing coun­tries in­cluded An­tigua and Bar­buda, Ba­hamas, Bar­ba­dos, Belize, Cay­man Is­lands, Cu­raçao, Do­minica, Do­mini­can Repub­lic, Grenada, Guyana, Haiti, Ja­maica, Montser­rat, St. Kitts and Ne­vis, Saint Lu­cia, St. Vin­cent and the Gre­nadines, Suri­name, Trinidad and Tobago and the Turks & Caicos Is­lands.

Ear­lier this year Saint Lu­cia be­came the fifth Caribbean is­land to launch a Cit­i­zen­ship by In­vest­ment Pro­gramme (C.I.P.) along­side Do­minica, An­tigua and Bar­buda, Grenada and St. Kitts and Ne­vis.

Jan­uary 1st, 2016 marked the com­mence­ment date for ap­pli­ca­tion sub­mis­sions. Five months later devel­op­ers of a lux­u­ri­ous ho­tel beach re­sort and spa at Sab­wisha, Choiseul, the GP Group (Saint Lu­cia) Ltd., have been granted Ap­proved Es­tate Project sta­tus un­der C.I.P. The an­nounce­ment was made on May 12th, 2016 by the C.I.P. of­fice .

The re­sort de­vel­op­ment project is val­ued at US $220 mil­lion and is backed by in­ter­na­tional in­vestors. As part of the con­struc­tion plans for what is de­scribed as an ecofriendly and en­vi­ron­men­tally con­scious 120-room lux­ury ho­tel with 40 ocean view vil­las, a bio gar­den, a spa centre, restau­rants and a sports and re­cre­ation centre will be built. Ac­cord­ing to GP Group ex­ec­u­tives, the devel­op­ers ex­pect to em­ploy ap­prox­i­mately 300 per­sons, not only from within the Choiseul community but also from neigh­bour­ing towns post-con­struc­tion, as well as some 200 work­ers dur­ing the con­struc­tion phase.

The GP Group, founded in 2004, has gained recog­ni­tion for lux­u­ri­ous re­sorts, sports fa­cil­i­ties, res­i­den­tial com­plexes, gas sta­tions and other spe­cial­ized projects. Fol­low­ing fi­nal ne­go­ti­a­tions, an an­nounce­ment is set to be made of the in­ter­na­tional brand af­fil­i­ated with the re­sort.

Saint Lu­cia’s Cit­i­zen­ship by In­vest­ment Pro­gramme al­lows ap­pli­cants to in­clude de­pen­dents such as chil­dren be­low the age of twen­ty­five years and de­pen­dent par­ents above 65 re­sid­ing with the ap­pli­cant, and is nondis­crim­i­na­tory with re­gard to phys­i­cally or men­tally chal­lenged de­pen­dents. The CI.P. ap­pli­ca­tion process re­quires no phys­i­cal res­i­dence of ap­pli­cants and no obli­ga­tion to travel to the is­land dur­ing the ap­pli­ca­tion process.

L-R: CAIPA Pres­i­dent and ISL CEO McHale Andrew with Dun­stan Du Boulay, Man­ag­ing Di­rec­tor of Du Boulay’s Bot­tling Com­pany Ltd. re­ceiv­ing the award for Lo­cal In­vestor of the Year 2015.

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