St. Maarten Ministry Hires Firm to Build Investment Promotion AgencyPhoto: The Daily Herald
BusinessSt. Maarten

St. Maarten Ministry Hires Firm to Build Investment Promotion Agency

Source: The Daily Herald·1 hour ago·St. Maarten·1 min read

The Ministry of Tourism, Economic Affairs, Transport and Telecommunication (TEATT) on St. Maarten has awarded a contract to Pinnacle Consultants, a locally based consulting firm, to develop the institutional and operational framework for a new Investment Promotion Agency (IPA). The IPA is intended to serve as a dedicated body to attract and facilitate foreign and domestic investment on the island. By contracting a St. Maarten-based firm, the ministry signals a commitment to leveraging local expertise in shaping the agency's structure. An IPA would give St. Maarten a formal mechanism to market investment opportunities, streamline processes for incoming investors, and compete more effectively with other Caribbean jurisdictions that already have such agencies in place. The move is seen as a significant step in the island's broader economic development strategy. Once the framework is complete, it is expected to guide the formal establishment and eventual launch of the agency.

Key Facts
  • TEATT awarded a contract to Pinnacle Consultants, a St. Maarten-based firm, to design the framework for a new Investment Promotion Agency.
  • The Investment Promotion Agency is intended to attract and facilitate both foreign and domestic investment on the island.
  • The initiative is part of St. Maarten's broader economic development strategy to remain competitive in the Caribbean region.
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