Foreign investors to set up medical tourism project in St Vincents?


St. Vincent and the Grenadines offers an unhindered and stable foreign exchange regime, stable labour relations, an independent and efficient judiciary system, significant tax holidays, tax-free status for international entities, a tradition of support for foreign private investment, excellent telecommunications and low operating costs among other investor benefits.
One of this country’s major money earners, the tourism sector, may soon get a boost as a foreign company shows interest in investing in a medical tourism project. Government minister Saboto Caesar explains, "I was in conversation with Steve Ivankovish, an investor from Groupo Cé.  And the issue of medical tourism was being explored. Here is an investor from the United States searching for a place to invest here. The global financial downturn will not last forever. The world will recover. And in the process of the recovery, we have to ensure that we have our international airport so that they can fly directly into St. Vincent and the Grenadines." Ivankovish has made it clear that the development of the Argyle International Airport is vital to the feasibility of the project.

32 islands and cays make up St Vincent & the Grenadines. The official language is English. The population is approximately 110,000 with around a quarter living in and around the capital, Kingstown. The ethnic heritage is predominantly African. St. Vincent and The Grenadines is an independent parliamentary democracy and member of the Commonwealth of Nations. It had 271 000 tourism visitors in 2009.



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