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In a booming economy, how can TCI get the most out of direct foreign investments?

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Ed Forbes
Concerned citizen of Grand Turk

 

#TurksandCaicos, August 30, 2022 – Turks and Caicos Islands is at an inflection point, which means, there needs to be “profound changes” to the way we attract foreign investors.

While many countries are still reeling from the devastating impact Covid-19 pandemic had on their economy, most of the tourism sector in TCI is on a rebound.

From the looks of it, our economic recovery plan appears to be in full gear and beginning to move again at a very fast pace. In my opinion, this in itself, is a signal of attraction to potential investors.

During a time of genuine crisis such as this prolonged covid19 pandemic, I must say, I was pleased to see how both administrations worked arduously together to find effective solutions to help save lives and keep our economy afloat.

This was done, regardless of the circumstances in order to achieve the desired outcome for the country.

Sadly, we loss a number of our citizens to this horrible virus including my own mother. Nevertheless, throughout the Covid-19 pandemic, both infection rates and hospitalization were relatively minimal compared to many other Caribbean countries.

A big thank you to our dedicated medical team, to include the Cuban medical brigade who assisted.

Our country needs more politicians who are willing to work across party lines, avoiding divisive social issues and focusing on promoting businesses and tourism for the benefit of our people. At the same time, it’s also important to maintain that balance of power in these islands.

With such rapid development and big corporations poised to reap huge profits, in my opinion, the country is in a good position to demand more from potential foreign investors wanting to do business in our islands.

With that being said, this brings me to my main points. With this economic boom, are we seeing enough of the trickle-down effect? Secondly, at this stage in our development, is TCI intentionally and purposely luring and incentivizing the right investors?

With TCI’s financial stability, how do we capitalize on this momentum to win on an even bigger front? What we cannot afford to do is to have our citizens losing faith in the shared enterprise of our country.

Whilst hotels and villas bring many job opportunities, it should not be the only economic engine of growth at this stage in our development. There are only so many buildings you can erect on a small developing island like Providenciales before we turn our towns into a concrete jungle.

Maybe it’s time to slow down a bit and start planning the future of the country more strategically. Not just in terms of physical structures, but workforce assessment, human investment, and development.

Furthermore, to optimize development and for a more sustainable economy, we must move beyond the creation of just service jobs. Not to take anything away from these kinds of jobs, but traditionally they are held by migrant workers and come with low paying wages unless you’re in top management positions.

Erecting more and more hotels mean there will be a need for more transportation, which drives the demands for more vehicles and additional access roads. There will also be a need for more grocery stores and products on demand etc.

What our citizens would like to see more off from our politicians, is a stronger push for foreign investments in our basic infrastructure needs. This may require more community driven discussions to help determine the pathway.

Arguably, there isn’t enough emphasis being placed on these critical areas to support such growth. For example, there is a growing need for a public transportation system, farming on a larger scale, waste management and recycling opportunities etc. These types of investments will help to alleviate a number of our socio-economic issues.

Perhaps, the creation of more higher paying jobs for our people, and jobs that will attract citizens in diaspora who may have the necessary skill sets beneficial to our country’s development.

With wages not keeping up with the growing rate of inflation, our people also need real paying jobs that match their qualifications, not just any jobs.

If we fail to change course, I’m afraid we run the risk of losing more of our young people to crime or some becoming diaspora as we have seen over the years.

We cannot and should not let big foreign investors dictate the outcomes for TCI without giving back to our communities in a meaningful way. This could be in the form of direct investment in trade schools, banking, reefs, and sea life sustainability projects etc.

This is our moment Turks Islanders!

In a free enterprise economy like ours, the truth to the matter is, the strength of our democracy will only work when everyone has an opportunity.

Not only should our country be in a position to attract private investment but to retain and leverage it for inclusive and sustainable economic growth.

 

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Six Unauthorised Structures Demolished During Multi-Agency Planning Enforcement Operation

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Before demolition

After demolition

Providenciales, Turks and Caicos Islands – Friday, 17 July 2026: The Planning Department, with support from the Informal Settlements Unit (ISU), and the Crown Land Unit conducted a coordinated enforcement operation on Thursday, 2 July 2026, resulting in the demolition of six unauthorised structures on private property at Block and Parcel 60502/48. Security for the operation was provided by the Royal Turks and Caicos Islands Police Force.

The enforcement action followed the issuance of an Enforcement Notice by the Planning Department on 29 January 2026, advising the persons responsible for the structures that they had been erected without the necessary planning approval and were required to be removed. Following the expiration of the compliance period, a multi-agency operation was organised to carry out the demolition.

Before demolition activities commenced, personnel conducted a comprehensive inspection of the site to confirm that all structures were unoccupied and free of gas cylinders or other hazardous materials. These precautionary measures were undertaken to safeguard the welfare of both the enforcement teams and the public while ensuring the operation was carried out safely and efficiently.

Upon completion of the exercise, participating agencies returned to Police Tactical Headquarters for a debrief, marking the successful conclusion of another coordinated enforcement effort.

The Government of the Turks and Caicos Islands reminds members of the public that all construction activities must receive the appropriate planning approvals before work begins. The Planning Department will continue to work alongside its partner agencies to enforce the Planning Ordinance, promote orderly development and ensure that construction throughout the Islands complies with the applicable laws and regulations.

Members of the public are encouraged to familiarise themselves with the planning approval process and to seek guidance from the Planning Department before undertaking any development to avoid enforcement action and loss of money invested.

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DDME’s Hurricane Hunt Scavenger Hunt Sparks Community Spirit and Storm Preparedness in Providenciales

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Department of Disaster Management and Emergencies: Providenciales, Turks and Caicos Islands — Fifteen teams raced across Providenciales on Saturday July 4th for the inaugural DDME Hurricane Hunt, a community scavenger hunt designed to combine friendly competition with hurricane preparedness education.

Teams were given a bag of supplies and 15 cryptic clues, participants had less than two hours to pinpoint locations and collect hurricane must-haves; including water jugs, shovels, flashlights and other supplies that every household should have on hand ahead of a storm.

The challenge tested not only participants’ local knowledge and navigation skills, but also their teamwork under time pressure; all while reinforcing practical lessons about what it takes to stay ready when a storm approaches.

Beyond the hunt itself, the event drew a lively crowd of families and supporters who turned out to enjoy a full day of festivities. Attendees took part in games, received free gifts, face painting, canvas painting, bounce houses and visited vendor booths; while enjoying fresh food off the grill throughout the afternoon.

“This event brought together the best of both worlds; a fun, high-energy competition and a meaningful reminder of how important it is for our community to be prepared,” Mr. Aaron Ballantyne, Community Preparedness Officer for Providenciales. “Seeing 15 teams fully engaged, racing to landmarks across the island while learning what belongs in a hurricane kit, was exactly the outcome we hoped for.”

DDME extends their sincere gratitude to the stakeholders that partnered with the event and generously donated their time, resources and efforts to make it a success: The Turks and Caicos Islands Red Cross, The Oseta Jolly Primary School, The Royal Turks and Caicos Islands Police Force, Do It Center (Building Materials), KB Homes, Digicel TCI, Frost Cay and Clint Grilling and Catering Services, along with all other vendors who were solicited.

The event’s success was also made possible by the private organizations and government departments that opened their locations to serve as scavenger hunt sites, allowing the hunt to unfold across the island; from Chalk Sound to Long Bay.

The quick thinking first place team consisted of; Neekimo King, Keturah Miller-Brown, Lashaunda Dickenson and Kebba Thomas who all walked away with exciting prizes.

Ms. Bernadya Smith, Public Information and Media Manager stated; “With hurricane season underway, this event, along with our recent Hurricane Expo held in Grand Turk and community pop-ups throughout the country, is a testament to DDME’s commitment to blending community engagement with year-round storm readiness. We look forward to making this event an annual staple that brings families together while keeping preparedness at the forefront of every community we serve.

Follow DDME social media pages to stay up to date with upcoming events and to join their weekly quizzes for a chance to win exciting prizes all hurricane season long.

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Invest TCI Supports Certification of Local Flats Fishing Guides Through MSME Technical Assistance Under Historic TCFFA–TCICC Partnership

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Providenciales, Turks and Caicos Islands — June 11th   2026 — Invest Turks and Caicos Islands has confirmed a financial commitment of $26,750 through the MSME Programme’s Technical Assistance support to assist 35 participants undertaking STCW and Fly-Fishing Guide Certifications under the Turks and Caicos Fly Fishing Association (TCFFA) and the Turks and Caicos Islands Community College (TCICC) partnership. The support is intended to strengthen the capacity of existing and emerging local operators within the flats-fishing and marine–based tourism sector, helping participants formalize their skills, improve service standards, and access higher-value economic opportunities.

The announcement follows the signing of a Memorandum of Understanding between TCFFA and TCICC on 12th May 2026, establishing the country’s first endorsed and regionally recognized Sustainable Fly-Fishing curriculum. That partnership, funded in part by the UK Government through the Darwin Plus Local initiative, aims to certify twenty or more Turks and Caicos Islanders as Flats-Fishing Guides and Train-The-Trainers — drawn from Providenciales, North Caicos, South Caicos, Middle Caicos, and Grand Turk.

Invest TCI’s contribution ensures that the financial barrier to certification does not prevent qualified candidates from accessing this sector-building opportunity. The support is being provided as technical assistance to strengthen the capacity of existing and emerging MSMEs within the flats-fishing and marine-based tourism sector, enabling participants to formalize, improve service standards, and access higher-value market opportunities.

“We are indeed happy to be a part of this initiative and to provide financial support towards the certification of the 35 participants. Invest TCI is committed to empowering small and medium enterprises and the individuals who drive them – and this programme is a direct example of that commitment in action.” — Alexa Cooper, Vice President – SME Development, Invest Turks and Caicos

Regional studies, including research on The Bahamas’ flats-fishing sector, show that the industry can generate significant economic value through lodging, meals, transport, retail, and guided services. This demonstrates the potential for Turks and Caicos to strengthen its own flats-fishing value chain through professional training, certification, and local enterprise development.

Angela Musgrove, CEO of Invest Turks and Caicos, highlighted the strategic alignment between the investment and Invest TCI’s broader mission:

“Invest TCI’s mandate is to support a stronger, more diversified economy with Turks and Caicos Islanders positioned to benefit from the industries that shape our future. This initiative directly aligns with that mandate. By supporting certification for local flats-fishing guides, we are helping to convert local knowledge into recognized credentials, strengthen small business capacity, and retain more value within our communities. It is a practical investment in people, enterprise, and sector development.” — Angela Musgrove, CEO, Invest Turks and Caicos

TCFFA President Levardo Talbot, whose association initiated the candidacy process and identified the funded participants, welcomed Invest TCI’s commitment as pivotal to the programme’s reach:

“For the first time, Turks and Caicos Islander fly fishing guides have an endorsed and regionally-recognized, locally delivered pathway into a profession that has long been built on their knowledge but not always on their terms. Invest TCI’s support ensures the people who should be in this room are in this room.” — Levardo Talbot, President, Turks and Caicos Fly Fishing Association

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