Posted: Monday, November 4, 2024. 11:13 am CST.
BELTRAIDE, in partnership with the Ministry of the Blue Economy, launched a Blue Economy Investment Promotion Strategy and Action Plan on November 1, 2024, at the Best Western Belize Biltmore Plaza. This initiative reaffirms Belize as a global leader in the Blue Economy sector by having in place a guiding document, which complements both the National Blue Economy Development Policy and Strategy and the National Investment Policy and Strategy by providing an investment-attraction focus on opportunities that align with Belize’s vision and context. The Strategy also provides skills development for local stakeholders such as fisherfolk, boat builders, tourism operators, and technical experts to be better equipped when pursuing Blue Economy opportunities, as well as for the personnel capacity-building at Belize’s Investment Promotion Agency, BELTRAIDE.
The comprehensive action plan, developed by OCO Global with funding through the Compete Caribbean window of the Inter-American Development Bank (IDB) Group, offers in-depth analysis and strategic recommendations to unlock the immense potential of Belize’s marine resources. The plan outlines key focus areas, including coastal and ocean tourism, aquaculture and fisheries, and maritime transport and shipping, with the ultimate goal of leveraging these sectors to drive sustainable development and economic growth.
Belize is uniquely positioned to capitalize on the Blue Economy due to its captivating natural beauty, rich marine biodiversity, strategic geographic location, and strong maritime culture. The government’s support for sustainable initiatives further strengthens Belize’s ability to attract Foreign Direct Investment (FDI) in this space. The strategy identified over $66 billion in capital expenditure and 189,000 new jobs created through Blue Economy FDI across the Caribbean over the past decade. Belize aims to capture a significant share of this investment.
In the short term, the plan focuses on enhancing stakeholder collaboration, establishing partnerships with international Blue Economy organizations, launching proactive marketing campaigns, and offering tailored account management services for investors. In the medium term, BELTRAIDE aims to build a skilled workforce for the Blue Economy through training and development programs.
The launch of the Blue Economy Investment Promotion Strategy and Action Plan sets the stage for Belize to harness its vast marine resources responsibly, ensuring economic growth, job creation, and environmental stewardship for years to come.
The Blue Economy Investment Promotion Strategy and Action Plan can be found by visiting:
https://www.beltraide.bz/belize-blue-economy-investment…
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The post Belize Launches Investment Promotion Strategy and Action Plan for Developing the Blue Economy appeared first on Belize News and Opinion on www.breakingbelizenews.com.
Posted: Monday, November 4, 2024. 11:13 am CST. BELTRAIDE, in partnership with the Ministry of the Blue Economy, launched a Blue Economy Investment Promotion Strategy and
The post Belize Launches Investment Promotion Strategy and Action Plan for Developing the Blue Economy appeared first on Belize News and Opinion on www.breakingbelizenews.com.
