IslandsDaily
Minister Wever: Investing in entrepreneur knowledge strengthens Aruba's private sectorPhoto: 24ora
BusinessAruba

Minister Wever: Investing in entrepreneur knowledge strengthens Aruba's private sector

Source: 24ora·1 hour ago·Aruba·1 min read

Aruban Minister Wever has emphasized the importance of investing in knowledge and practical tools for local entrepreneurs as a strategy to build a stronger and more sustainable private sector. According to the minister, having a good business idea is not enough — entrepreneurs must also possess the management skills and resources necessary to develop and grow their ventures. The initiative reflects a broader government effort to support small and medium-sized businesses on the island. By equipping entrepreneurs with better training and knowledge, officials believe Aruba can reduce business failure rates and foster long-term economic resilience. The statement signals that the government may be advancing or promoting educational and development programs targeted at the business community. A robust private sector is considered essential to Aruba's economic diversification beyond its dominant tourism industry.

Key Facts
  • Minister Wever stated that investing in entrepreneur knowledge is key to strengthening Aruba's private sector.
  • The minister noted that a good business idea alone is insufficient — entrepreneurs also need management skills and tools.
  • The government's focus is on building a strong and sustainable private sector through education and capacity building.
Enjoyed this story? Get the daily digest free.
Digest launches early October — subscribe now to reserve your spot.
Read original articleSummary translated automatically · Source: 24ora

You are leaving IslandsDaily. The article will open on the publisher's site in its original language — your browser may offer to translate it.

More from Business · Aruba

Buy Fanta at Ling & Sons for a chance to win a PS5
Business

Buy Fanta at Ling & Sons for a chance to win a PS5

Fanta is running a promotional giveaway at Ling & Sons supermarket in Aruba, offering customers the chance to win prizes including a PlayStation 5 gaming console. To participate, shoppers must purchase two Fanta products at Ling & Sons and submit their receipt to enter the draw. The promotion is designed to drive product sales while rewarding loyal customers with high-value prizes. Ling & Sons is one of Aruba's most prominent supermarket chains, making the promotion widely accessible across the island. No end date for the promotion was mentioned in the available details.

Key Facts
  • Fanta is partnering with Ling & Sons supermarket in Aruba for a prize giveaway promotion.
  • Customers must purchase two Fanta products and submit their receipt to enter.
  • The top prize available is a PlayStation 5 gaming console.
Source: 24ora·2 hours ago
Read story Read original article Summary translated automatically · Source: 24ora
ROPV Zoning Rules Stalling Downtown Oranjestad Development Projects
Business

ROPV Zoning Rules Stalling Downtown Oranjestad Development Projects

Aruba's government plan to revitalize downtown Oranjestad is hitting a significant roadblock, as investors and banks are demanding clarity on what the island's spatial development plan — the Ruimtelijk Ontwikkelingsplan Aruba met Voorschriften (ROPV) — actually permits in the city center. The ROPV is a legally binding zoning framework that dictates land use, building heights, and development types, and its current ambiguities are creating uncertainty for private sector stakeholders looking to invest in the area. Without clear answers on allowable development parameters, financial institutions are reluctant to approve project financing, effectively freezing multiple initiatives in the heart of Oranjestad. The situation raises questions about which government authority or agency is responsible for providing binding interpretations of the ROPV. Investors are growing frustrated as projects remain stalled while bureaucratic responsibility for resolving the issue remains unclear. The deadlock threatens to undermine Aruba's broader urban renewal ambitions for its capital city center, which officials have positioned as a key economic and cultural revitalization priority.

Key Facts
  • Aruba's ROPV zoning plan is creating confusion that is stalling investment projects in downtown Oranjestad.
  • Banks and investors are withholding financing until clear answers are provided about what types of development the ROPV permits in the city center.
  • It remains unclear which government body holds the authority to provide official clarifications on the ROPV's provisions.
Source: 24ora·5 hours ago
Read story Read original article Summary translated automatically · Source: 24ora
Oranjestad Investors Lose Faith in AVP-FUTURO Cabinet Promises
Business

Oranjestad Investors Lose Faith in AVP-FUTURO Cabinet Promises

Investors committed to the revitalization of downtown Oranjestad, Aruba, say they have lost confidence in the AVP-FUTURO coalition government after more than a year of unfulfilled promises and inaction. The investors, who have pledged resources toward the renewal of the capital's city center, expressed deep disappointment over the gap between what was promised and what has been delivered. The revitalization of Oranjestad's downtown is considered a key economic priority for the island, with the area struggling to attract sustained commercial activity. The breakdown in trust raises concerns about the future of private investment in the project and the government's ability to execute its economic agenda. If investor confidence continues to erode, it could delay or derail redevelopment efforts that Oranjestad has long needed.

Key Facts
  • Investors committed to Oranjestad's revitalization say they are deeply disappointed with the AVP-FUTURO cabinet's lack of action.
  • The investors have been waiting for over a year for the government to follow through on its promises.
  • The loss of investor confidence threatens the progress of downtown Oranjestad's redevelopment plans.
Source: 24ora·7 hours ago
Read story Read original article Summary translated automatically · Source: 24ora