Haiti – Economy : In Davos, the President Martelly explains the potential of Haiti to investors

The President of Haiti, Michel Martelly, in his address to the 42nd World Economic Forum in Davos, Switzerland, has once again encourage foreign investors to come to Haiti. In discussions focusing on business opportunities in the country, the Head of State clearly explained to the potential investors that it is time to engage in the new Haiti, noting that the challenges can also be favorable opportunities to collaborate, innovate and invest like never before.

The President Martelly has renewed his determination to adopt significant measures to maintain a stable security environment and facilitate investment in the country. He is convinced that the potential investors will not be disappointed :

“In the past, corruption drove away foreign and domestic investors. “This is changing under my administration, corruption will not be tolerated, and furthermore we have a zero tolerance policy on corruption. I want to assure you that I will personally ensure that your investments in Haiti are and will be protected. Many large international companies that already invest in Haiti can attest […]

In November 2011, over 1,000 entrepreneurs, including 479 international investors from 30 countries were in Haiti in search of opportunities. New investments in different areas are estimated at more than 200 million U.S. dollars. Activities related to tourism, textiles, agriculture, fisheries, livestock, construction and telecommunications have been identified as the economic sectors in which there are many opportunities for investors.” http://www.haitilibre.com/en/news-4376-haiti-economy-positive-results-for-the-forum-invest-in-haiti.html

Martelly-Conille administration has identified the top five sectors of the Haitian economy with the most opportunity for foreign investment.

« 1. Tourism
For twenty years from 1950 to 1970, Haiti was the first tourist destination in the Caribbean. Tourism was then the source of nearly 20% of total exports and generated around 60,000 direct and indirect jobs. After 25 years of absence, in 2012, Haiti returns to the Tourism Circuits. We had signed several agreements with the World Organisation of Tourism to promote the tourism. Private sector investments in the tourism and hospitality sector are of the order of over USD 450 million for 30 projects in different stages of planning.

 

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