As the country is made up of two separate islands, Trinidad and Tobago’s infrastructure is essential for its economic prosperity. However, the available forms of transport between the islands, consisting of one cargo vessel, two ferries and water taxis, is limited and in need of upgrades. The sole cargo vessel, the Superfast Galicia, was built...
Aided by the country’s natural resources, a strategic geographic location outside the hurricane belt and growing global cruise demand, Trinidad and Tobago’s cruise segment is set gain new importance in coming years. Popular cruise destinations in the Caribbean, including the Bahamas, Dominica, the British Virgin Islands and Sint Maarten...
What strategy is being employed to boost air traffic in Trinidad and Tobago, and the region?
In March 2017 Trinidad and Tobago launched its Draft National ICT Plan 2017-21, known as fastforward II, which outlines the sector development strategy in line with the national development plan, Vision 2030. One of the principal objectives of the fastforward II programme is to increase ICT’s contribution to GDP to 5% by 2021. The entity...
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
The residential real estate market has experienced fluctuations through the boom and bust cycles. During the 1990s and into the 2000s, buoyed by high energy prices and large amounts of foreign direct investment (FDI), there was a corresponding increase in property development. As a result, the prices of homes rose by more than 400% from 1991...
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