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 Invest TCI Strengthens Global Investment Ties at ALIS CALA 2025 Hotel Investment Conference

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PRESS RELEASE

 

Providenciales, Turks and Caicos Islands, May 15, 2025 — Invest Turks and Caicos Islands (Invest TCI) proudly participated as a Patron Sponsor at the newly rebranded ALIS CALA, a merger of the Americas Lodging Investment Summit (ALIS), Caribbean Hotel & Resort Investment Summit (CHRIS), and Hotel Opportunities Latin America (HOLA). The event was held from April 29 to May 1, 2025, at the Loews Coral Gables Hotel in Coral Gables, Florida.

ALIS CALA has rebranded as the premier hotel investment conference for the Caribbean and Latin America, emphasizing equity, development, collaboration, and regional growth. This year’s event attracted over 500 delegates, including senior executives, investors, developers, and key financial stakeholders representing countries and destinations with active investment opportunities. The agenda featured targeted breakout sessions on trending topics such as capital stack strategies, experiential tourism, investor sentiment, multi-destination travel, and emerging opportunities across the Caribbean and Latin American markets.

A key session at the event explored hotel occupancy rates across Latin America and the Caribbean, a topic of direct relevance to the Turks and Caicos Islands. The data shared provided valuable context for understanding performance trends in comparable markets and can support Invest TCI’s ongoing efforts to attract strategic tourism investments. Notable brands in attendance included IHG, Play Hotel, Carnival Corporation, Hyatt, and BCQS International, offering perspectives and presence that underscored the strength and potential of the hospitality sector in the region.

At the conference, Investment Services Executive Mr. Salik Garland delivered a compelling presentation on investment opportunities in the Turks and Caicos Islands, with a particular focus on the Family Islands and their unique potential. He outlined the diverse prospects available in sectors such as marine tourism, adventure tourism, and eco-tourism, highlighting the untapped value these niche markets offer for sustainable development.

The presentation generated several inquiries about the Family Islands, a clear sign of rising investor interest beyond Providenciales. This growing attention supports Invest TCI’s strategic objective to elevate the visibility of islands such as Grand Turk, South Caicos, Salt Cay, North Caicos, and Middle Caicos as attractive destinations for responsible investment and long-term economic diversification.

Mr. Garland also participated in the panel discussion, “A Spotlight on the Caribbean: Investment Opportunities and Challenges.” The panel included representatives from the Caribbean Hotel & Tourism Association, World Hotels, Top Shelf Project Management, Invest Saint Lucia, and Hyatt Hotels Corporation. The session explored regional trends, emerging opportunities, and the shared challenges facing island economies. Mr. Garland emphasized the Turks and Caicos Islands’ readiness for strategic investment and Invest TCI’s commitment to regional collaboration and sustainable economic growth.

Speaking on the event, Mr. Garland stated “It was a pleasure to represent the Turks and Caicos Islands at ALIS CALA this year. The event provided a valuable platform to showcase the investment potential of our family islands and to reaffirm our commitment to attracting investment that is equitable, inclusive, and sustainable. Conferences like these are important not only to showcase our own opportunities, but also to connect with key stakeholders and stay informed on what our regional counterparts are doing. During the Caribbean investment panel, we explored the trends, risks, and opportunities shaping the region. TCI remains a leader in high-end tourism, offering strong potential for both foreign and local investors.”

Another memorable moment at the event was the announcement of the prestigious “Development of the Year” award, which was won by The Strand, Turks and Caicos. Part of the Leading Hotels of the World collection, The Strand is a luxury boutique resort located on the pristine shores of Cooper Jack Bay in Providenciales. The award was proudly accepted by Mr. John Fair, Developer and Managing Director of The Strand. This marks the third time in recent years that a development in the Turks and Caicos Islands has earned this regional recognition, with Rock House taking the title in 2023 and The Ritz-Carlton, Turks and Caicos receiving the award in 2022. This consistent recognition signals growing investor confidence in the Turks and Caicos Islands’ luxury tourism market and reinforces the territory’s reputation as a premier destination for high-end development.

Accompanying Mr. Garland was Marketing Support Officer, Mr. Hezron Henry, who assisted with event arrangements and engaged with investors to showcase the Turks and Caicos Islands’ investment potential.

Invest TCI’s presence at the event reaffirmed the agency’s mission to position the Turks and Caicos Islands as a world-class investment destination. Through strategic engagement and continued visibility at high-level forums, Invest TCI remains focused on attracting quality investments aligned with the nation’s development goals.

For more information on Invest TCI events, please visit www.investturksandcaicos.tc or follow us on social media at @investtci.

Bahamas News

Bahamas Issues Cybersecurity Alert Over Akira Ransomware Threat

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Nassau, The Bahamas, October 22, 2026 — The National Computer Incident Response Team of The Bahamas (CIRT-BS) has issued a cybersecurity advisory warning businesses, government institutions and other organisations about the growing threat posed by Akira ransomware, a cybercriminal operation capable of stealing sensitive information, disrupting networks and demanding ransom payments.

Active since March 2023, Akira operates through a Ransomware-as-a-Service model, with affiliates exploiting weaknesses in computer networks to gain unauthorised access.

Once inside, attackers can steal confidential data, disable recovery systems and encrypt files, preventing organisations from accessing critical information.

Particularly concerning is Akira’s use of double extortion, threatening to publish stolen information unless victims pay. Some attacks involve data theft without encryption.

The October 22 advisory identifies vulnerabilities involving Cisco and SonicWall firewalls, VPN services, Microsoft Remote Desktop Protocol, Veeam backup systems and outdated Windows and Linux operating systems. VMware ESXi and Nutanix AHV environments are also potential targets.

Attackers may exploit unpatched software, stolen login credentials and inadequately secured remote-access applications, including AnyDesk and RustDesk.

Warning signs include unexpected administrator accounts, unusual remote logins, unauthorised software installations, suspicious backup activity, mass file changes and ransom notes.

CIRT-BS recommends immediate security updates, multifactor authentication, restricted remote access, stronger network monitoring and secure backups maintained separately from operational systems.

Organisations should also remove unnecessary internet exposure of remote desktop services, limit administrative privileges and regularly test backup restoration.

The advisory does not identify any confirmed Akira attack against a Bahamian organisation but highlights vulnerabilities that could expose institutions to serious financial and operational disruption.

Cybersecurity incidents can be reported to CIRT-BS at soc@cirt.bs or through its official website.

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Crown Land Unit Leads Multi-Agency Enforcement Exercise in Five Cays

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Providenciales, Turks and Caicos Islands – Wednesday, 21st October 2026: The Crown Land Unit, with coordination and support from the Informal Settlements Unit (ISU), conducted a multi-agency enforcement exercise in the Five Cays area of Providenciales on October 8, 2026, as part of the Government’s ongoing efforts to address the illegal occupation and unauthorized use of Crown land.

The exercise brought together representatives from the Crown Land Unit, ISU, TCI Border Force and Royal Turks and Caicos Islands Police Force. Inspections were conducted across several parcels of Crown land in Five Cays, where instances of illegal occupation and unauthorized use had been identified.

During the exercise, a total of seven (7) Section 22 Notices of Unauthorized Occupation were issued in accordance with the provisions of the Crown Land Ordinance. The notices related to the unauthorized placement of shipping containers and derelict vehicles, as well as the construction of an incomplete concrete structure on Crown land. Where occupants or other responsible persons were not present, notices were affixed to the relevant structures or items.

The exercise forms part of the Crown Land Unit’s continuing efforts to prevent squatting and encroachment on Crown land and to ensure that instances of unauthorized occupation are identified and appropriately addressed.

The Government of the Turks and Caicos Islands reminds the public that occupying, developing or otherwise using Crown land without lawful authority is an offence under the Crown Land Ordinance. These inspections and enforcement activities form part of a sustained program aimed at safeguarding public lands, discouraging unlawful development and ensuring that Crown land is managed in the best interests of the people of the Turks and Caicos Islands.

The Crown Land Unit will continue to work closely with the ISU and other partner agencies to identify and address instances of illegal occupation across the Islands. Persons occupying Crown land without authorization are encouraged to comply with all notices issued and to seek guidance from the relevant authorities where necessary.

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Invest TCI Strengthens Regional Investment Connections at Caribbean Investment Forum 2026 in Barbados

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Providenciales, Turks and Caicos Islands – Monday, 19th October 2026: Invest Turks and Caicos Agency (Invest TCI) strengthened its regional presence at the Caribbean Investment Forum (CIF) 2026, held October 5 – 7, 2026, in Bridgetown, Barbados, participating as both a sponsor of the Forum and representative of the Turks and Caicos Islands’ investment landscape.

The Caribbean Investment Forum brought together regional and international investors, government representatives, business leaders, entrepreneurs, investment promotion agencies, and development partners to explore investment opportunities, strengthen partnerships, and advance sustainable economic development throughout the Caribbean.

The Agency’s sponsorship of CIF 2026 formed part of its continued commitment to strengthening the visibility of the Turks and Caicos Islands within the regional investment community and building relationships with investors, development partners, investment promotion agencies, and businesses across the Caribbean.

The opening of the Forum was attended by the Honourable Mia Amor Mottley, Prime Minister of Barbados, who emphasised the importance of scaling regional investment, strengthening economic cooperation, and transforming innovative ideas into commercially viable opportunities. Invest TCI was represented by Ms. Alexa Cooper, Domestic Investment Officer, and Mr. Hezron Henry, Marketing Support Officer. Throughout the Forum, the delegation engaged with stakeholders and promoted the Turks and Caicos Islands as a competitive investment destination while exploring opportunities for greater regional collaboration and knowledge exchange.

Speaking on her experience at the Forum, Ms. Alexa Cooper, Chief Domestic Investment Officer, said:

“CIF 2026 provided another valuable opportunity to engage with donor organisations, investors and Investment Promotion Agencies (IPAs) from across the Caribbean. A highlight for me was the introduction of an exclusive masterclass for fund managers, investors and support organisations, which offered practical insights into unlocking capital, strengthening investment ecosystems and supporting investment-ready businesses. I was equally impressed with the quality of projects pitched, which showcased the region’s innovation and investment potential. It was encouraging to see projects presented with a clearer understanding of investor expectations, reinforcing the importance of not simply developing projects, but ensuring they are well-structured, investment-ready and positioned to attract the right investment partners.”

Accompanying the Invest TCI delegation was Mr. Sean Penn, Chief Executive Officer of Sky Poultry Farm Ltd., the first commercial egg and poultry production facility in the Turks and Caicos Islands. Mr. Penn’s participation provided an opportunity to showcase the development of domestic enterprise within the Turks and Caicos Islands while highlighting the potential of agriculture and food production as part of the country’s broader economic diversification efforts.

Through his participation at CIF 2026, Mr. Penn had the opportunity to engage with regional stakeholders, gain exposure to developments within the Caribbean agricultural sector, and explore potential partnerships and opportunities related to agricultural investment, innovation, and enterprise development.

For Invest TCI, the combination of sponsorship, investment promotion and local business representation provided a multifaceted platform to advance the Agency’s mandate. It allowed Invest TCI not only to promote the Turks and Caicos Islands to prospective investors but also to facilitate greater exposure for a local enterprise operating within an emerging sector of the economy. The Forum also provided opportunities for the Invest TCI delegation to exchange knowledge with regional counterparts, strengthen institutional relationships, and gain insight into investment trends and opportunities affecting Caribbean economies.

As the Caribbean Investment Forum continues to expand its regional reach, Santo Domingo, Dominican Republic, was announced as the destination for the next edition of the Forum, providing another opportunity to bring together investors, policymakers, investment promotion agencies and businesses from across the Caribbean and beyond.

Invest TCI looks forward to the continued growth of the Caribbean Investment Forum and the opportunities it creates to deepen regional partnerships, promote investment, and connect Caribbean businesses with new markets and sources of capital. The Agency remains committed to attracting sustainable investment, supporting domestic enterprise, encouraging economic diversification, and developing partnerships that contribute to the long-term economic development of the Turks and Caicos Islands.

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