Ryan Shepard, Saroco Director of Investments, took a day off from his vacation to attend a meeting with major Caribbean representatives, in business and project management companies, to launch Saroco’s development and investment program for Caribbean states.
Mr Sheppard disclosed that Saroco’s investment plan is intended to target smaller states who are going through major economic decline, due to lack of investments, tunnel vision investments and debt. Saroco will invests in projects that target long term employment and economic development. Projects that will impact immediately and directly on the state’s employment figures from the get go.
Mr Sheppard stated that for too many years, private company and private investors have concentrated only on profit margin and not the development of the Caribbean and its people. Saroco is determine to change the game”, “we are not here to continue the misuse of our natural resources, especially our most abundant ones, “our people and our natural beauty”.
Saroco will invest in the development of Energy production, Free Trade Zones and Ports, as well as the creation of low cost high value Hotels and Resorts which specialize in 7 star rooms at economy prices. This will be done together with Fisheries and animal rearing facilities, enabling programs where employment is fostered with the resulting ability for states to feed themselves, which lies as an underlying issue to foreign exchange leaving the territory.
Saroco will also focus on Inter Caribbean transportation by investing in low cost transport between the islands from fast ferries to anywhere in the Caribbean starting from Trinidad up to Barbados for 50 dollars U.S to as far as St. Kitts and the Virgin Islands for 100 dollars U.S. Saroco also intends to invest in a new Airline that will operate solely to foster Caribbean Movement at a very low cost to fuel Caribbean economic activity through regional tourism, which is impaired right now because of extremely high cost of tickets on presently available airlines.
The Investment Plan outlined by Mr Sheppard is set for a 10 year period starting in 2015, this period will lend itself to steady growth in the Caribbean and also allow for a solid collective stabilization of the regions weaker economies. In closing it was stated in no uncertain terms that Saroco is committed to Caribbean development through Investments and that Saroco is not dependent on Government funding in any way but are fully invested in the success of the Caribbean people.