{"id":48630,"date":"2022-12-07T07:53:46","date_gmt":"2022-12-07T07:53:46","guid":{"rendered":"http:\/\/southafricavoice.com\/?guid=49c401f1998e7427ee7f6fea7249df49"},"modified":"2022-12-07T07:53:46","modified_gmt":"2022-12-07T07:53:46","slug":"t-kitts-and-nevis-upgrades-its-citizenship-by-investment-programme-to-boost-its-hospitality-industry-2","status":"publish","type":"post","link":"https:\/\/southafricavoice.com\/t-kitts-and-nevis-upgrades-its-citizenship-by-investment-programme-to-boost-its-hospitality-industry-2\/","title":{"rendered":"t Kitts and Nevis upgrades its citizenship by investment programme to boost its hospitality industry"},"content":{"rendered":"
Basseterre, Dec. 07, 2022 (GLOBE NEWSWIRE) — Saint Kitts and Nevis is boosting its local hospitality and tourism sector with investments received through its citizenship by investment programme.<\/p>\n
This is according to the recently elected Prime Minister of the twin-island federation who concluded a four-day visit to Dubai, from 29 November to 3 December 2022.<\/p>\n
Prime Minister Terrance Drew was in the state to engage with important stakeholders including high-level government officials, international investors, government-approved agents and promoters, who play a vital role in promoting and supporting the country\u2019s recently upgraded citizenship by investment programme.<\/p>\n
With the country\u2019s citizenship by investment programme undergoing a facelift, Prime Minister Drew said the changes to the programme were not just superficial but would ensure that the programme achieved what it was designed for \u2013 strengthening St Kitts and Nevis\u2019 economy.<\/p>\n
Traditionally, the economy of the two-island state has depended on the growing and processing of sugar cane, but the impact of decreasing world prices on this commodity over the last few decades has moved the government\u2019s attention to tourism, export-oriented manufacturing, and offshore banking.<\/p>\n
Tourism is the mainstay of St Kitts and Nevis’ economy, with the United States, Canada and Trinidad and Tobago being some of its trop trade partners. The travel and tourism sector accounted for one-tenth of the gross domestic product (GPD) in St Kitts and Nevis in 2021 and it is estimated that roughly 200,000 tourists visited the islands in 2009.<\/p>\n
With a revamped citizenship by investment programme that will be underpinned by better legislative and administrative oversight, Prime Minister Drew said he was confident that the programme would have even more impact on the country\u2019s tourism sector.<\/p>\n
The new cabinet aims to ensure that the destination continues to make strides towards the\u00a0full resumption of tourism activity, including the return of airlift and cruise ship arrivals, with the ultimate goal of improving the quality of life of the people of the Federation.<\/p>\n
St Kitts and Nevis is committed to enhancing its tourism presence and strengthening the economic impact of the tourism sector.<\/p>\n
Recently during November this year, Wonder of the Seas<\/a>, the world\u2019s largest cruise ship, made its inaugural call to Port Zante in St Kitts and Nevis.\u00a0 The ship from the Royal Caribbean Group brought along nearly 6,500 guests and over 2,000 crew members.\u00a0 This cruise call has also been the fifth inaugural cruise call to St Kitts and Nevis since October 2022.<\/p>\n