Business View Caribbean - June 2024

explains. “Intercontinental is under construction, and there’s another major resort developing in the north of the island.” He highlights that increasing room stock is essential for accommodating growing tourist numbers. Another robust sector is the yachting and marina industry, which has shown resilience even during global financial shocks. “The marina sector has consistently attracted investment. Boatyards and marinas are key areas for Grenada due to our location, natural beauty, and safety,”Theodore notes. This sector supports both recreational boating and necessary maintenance during hurricane seasons. Renewable energy is also gaining traction, with significant interest in solar energy and waste- to-energy projects. Theodore emphasizes the importance of this sector, noting, “There’s a lot of interest in solar panel production and utilizing solar as an alternative energy source.” This aligns with global trends toward sustainable energy solutions WE'LL HELP YOU NAVIGATE GRENADA REAL ESTATE! Whether you're buying, selling, renting, relocating, or planning for retirement, our experienced and knowledgeable team is here to assist you. We've got you covered! c21grenada.com GRENADA REAL ESTATE REPORT SCAN FOR THE 48 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 06