Four Seasons Residences, Clearwater Bay, Barbados
A slew of new projects in Barbados, including at Four Seasons, Beachlands, Cost-U-Less and Fort Ferdinand, could mean a big boost in foreign investment in Barbados, according to Minister of Finance Chris Sinckler. “People have held back on their investments but we are now beginning to see a slow pick-up of it,” he said. “Last year was not a good year, but it was an improvement on the previous year, which was about $30 million.” According to Sinckler, there was $150 million of foreign direct investment in the country in 2010, and that this year’s projects, led by the Four Seasons project in Black Rock, was on track. “At least three of the villa owners have signed off on the project to re-start.” The Black Rock project, which consists of Four Seasons Private Residences, is one of several Caribbean projects Four Seasons Caribbean Regional Manager Andrew Humphries discussed with Caribbean Journal earlier this month.