January 2017 | Business View Caribbean

36 37 N ational Properties Limited was incorporated by the government of the multi-island state of St. Vincent and the Grenadines in 2001 under the Companies Act of 1994, and commenced operations in 2003. “It was set up to harness and optimize the performance of various failed, under- performing, or idle assets owned by the government, and also to facilitate the so- cially desirable privatization of those assets that were considered potentially viable financially and commercially,”explains its General Manager,Harold Dougan. To this end, many public assets were vested in National Properties, and contin- ue to be vested from time to time. These assets have been found to be suit- able for a variety of purposes, including tourism, urban, residential, agricultural, and industrial development. “Currently, assets owned by National Properties have been valued to be in excess of 400 million Eastern Caribbean dollars,” says Dougan. To these should be added properties of substantial value, legally National Properties Limited St. Vincent and the Grenadines on the cusp of a major takeoff National Properties Limited