The Prime Minister of St Kitts and Nevis, Dr Terrance Drew is on his first working trip to Dubai, the United Arab Emirates from November 29, 2022 to December 3, 2022. During the visit, Prime Minister Dr Terrance Drew participated in the cocktail event organized by the Embassy of St Kitts and Nevis in a collaboration with CS Global Partners- Leading Residency and Citizenship by Investment Government Advisory Firm.
St Kitts and Nevis’ Minister of Tourism Marsha Henderson, country’s ambassador to the United Arab Emirates Justin Kareem Hawley, and Micha Rose Emmett- CEO of CS Global Partners also attended the event in Dubai.
Following the participation, PM Drew also addressed the business people, guests, fellow citizens of St Kitts and Nevis living in Dubai as well as Stakeholders of the St Kitts and Nevis’ Citizenship by Investment Programme.
Prime Minister Drew, during the address highlighted on how Dubai is continuing to spike in the industry of business by becoming an important financial hub as well as rising to become an epicentre for the global citizens. Dr Drew said that, “it is fitting that I am here this evening to discuss the attributes of my special nation, and more particularly our renowned Citizenship by Investment Programme that stands apart from others.
He further added that, “For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry. The programme has allowed our nation to thrive. It has given us the opportunity to advance our people without overreliance on international financial aid.”
Meanwhile, Dr Drew stated that, “We have made the bold and innovative decisions needed to strengthen the legislative and administrative structures of the programme and to ensure that real estate projects funded by the programme are completed. To this end, let it be known worldwide, that St Kitts & Nevis is seeking well respected and serious investors who see the potential of our nation and who are prepared to put capital behind innovative projects, investments and industries that will enhance our palatability to global immigration investors.”
“I am aware that whenever evolutionary changes are imminent, it can cause some apprehension amongst stakeholders, but I am here this evening to assure you that there are three fundamental principles that have guided our decision making with respect to the evolved version of our Citizenship by Investment Programme,” said PM Drew.
Here are the three fundamental principles mentioned by Dr Drew:
- Sustainability. The Government of St Kitts and Nevis have crafted a sustainable model programme that will continue to be the envy of the international community by injecting high levels of integrity for decades to come through administrative improvements.
- Good Governance. The Government of St Kitts and Nevis have structured of CBI programme to allow for greater transparency and accountability, hallmarks of the good governance framework that solidifies the foundation of any successful endeavour.
- Pragmatism. The Government of St Kitts and Nevis have tailored the investment options to align with market realities while preserving the platinum brand our proud nation has developed and nurtured for four decades, operating the oldest Citizenship by Investment Programme in the world.
PM Drew during the address has also mentioned that the CBI Programme of St Kitts and Nevis will not just help international investors, but it will also help in boosting the local sector due to hard capital flowing in and will also help the citizens to thrive amid the global uncertainty.
He clearly mentioned during the address the Government of St Kitts and Nevis is committed towards investing in tangible projects which will assist in uplifting the small island nation to achieve the goal of establishing a sustainable island state.
While highlighting the continuous progress made by the Government in focusing on the point of infrastructure development, Dr Drew said that, “Other major projects in the pipeline include a housing programme, the construction of a new hospital, as well as a new High School in our capital city. These infrastructure projects will stimulate the construction industry, provide employment opportunities, while uplifting the surrounding communities. Job creation remains at the heart of the Government’s development plan. With more well-paying jobs being created, the more the economy with be stimulated.”