Trinidad and Tobago 2012 - invesTT
Trinidad and Tobago 2012 - invesTT
Trinidad and Tobago 2012 - invesTT
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A GUIDE TO INVESTING IN TRINIDAD AND TOBAGO (<strong>2012</strong>)<br />
Section 8<br />
• Petrotrin<br />
• Phoenix Park Gas Processors Ltd<br />
• <strong>Trinidad</strong> Nitrogen co. Ltd<br />
Opportunity for investment<br />
• Petrochemicals<br />
• Plastics<br />
• Metals<br />
• Biochemicals<br />
• Alternative Energy Projects<br />
• Inorganic Chemicals<br />
• Energy-based Manufacturing<br />
Benefits of Investing in the Energy Industry<br />
• Highly developed oil, petrochemical <strong>and</strong> steel industries<br />
• Access to developed <strong>and</strong> emerging markets<br />
• Highly skilled <strong>and</strong> trained labour force<br />
• Competitive energy costs<br />
• Competitive raw material cost <strong>and</strong> availability<br />
• Competitive fiscal incentives<br />
• Excellent infrastructure <strong>and</strong> support services for heavy<br />
industries<br />
• Developed support <strong>and</strong> secondary industries<br />
• Advanced education <strong>and</strong> training facilities<br />
• Excellent living st<strong>and</strong>ards <strong>and</strong> communities for foreign<br />
nationals <strong>and</strong> their families<br />
Information & Communications Technology<br />
<strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> is transforming into a diverse, knowledgebased<br />
industrial powerhouse focused on becoming a leader in ICT<br />
services in the region <strong>and</strong> on providing e-Government services to<br />
local <strong>and</strong> international businesses <strong>and</strong> investors. The ICT industry<br />
in <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> already features high penetration <strong>and</strong> cost<br />
effective fixed line, mobile <strong>and</strong> internet services.<br />
ICT companies contribute an estimated 3.5% to the economy in the<br />
areas of Telecommunications, Professional <strong>and</strong> Technical Services.<br />
These include software development, web design, data processing,<br />
ICT training <strong>and</strong> software solutions. The sector has grown steadily<br />
in terms of GDP contribution over the last few years <strong>and</strong> currently<br />
has a number of MNC’s operating including Microsoft <strong>and</strong> Fujitsu.<br />
Opportunity for Investment<br />
The ICT industry in <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> features a diversity<br />
of pioneering advantages to high-tech foreign investors <strong>and</strong><br />
opportunities for investment in Research <strong>and</strong> Development,<br />
Business Process Outsourcing <strong>and</strong> Regional Headquartering.<br />
Benefits of investing in the ICT industry:<br />
• Superior recruitment <strong>and</strong> staffing opportunities as professional<br />
<strong>and</strong> skilled labour can be sourced easily from over 400 ICT<br />
graduates annually from the University of the West Indies<br />
(UWI) <strong>and</strong> the University of <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong>.<br />
• One of the most prosperous <strong>and</strong> sustainable business<br />
environments in the LAC region, <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong><br />
possesses low costs per unit of power, 2nd highest b<strong>and</strong>width<br />
availability in the region.<br />
• High penetration of telecom <strong>and</strong> internet services <strong>and</strong><br />
favourable tax incentives for foreign companies starting new<br />
operations<br />
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