St. Maarten moves forward with Investment Promotion Agency

The Ministry of Tourism, Economic Affairs, Transport and Telecommunication (TEATT) has awarded a contract to Pond Island-based Pinnacle Consultants to develop the institutional and operational framework for a new Investment Promotion Agency (IPA) for Sint Maarten. The IPA is intended to serve as a dedicated body to attract and facilitate foreign and domestic investment on the island. By formalizing an investment promotion structure, Sint Maarten aims to strengthen its economic development strategy and create a more organized pathway for businesses looking to invest in the country. The selection of a local consulting firm signals an effort to ground the initiative in homegrown expertise and knowledge of the island's business environment. The establishment of an IPA is widely regarded as a key step for small island economies seeking to diversify revenue streams and reduce dependence on a single sector such as tourism.