Construct Antigua and Barbuda Initiative Concessions Exceed $535 Million

The Construct Antigua Barbuda Initiative (CABI) has reached a significant milestone this year: It has processed more than 1,500 concessions applications.

Since its inception, this program, which aims to stimulate economic growth and development in Antigua and Barbuda, has received a remarkable response.

According to recent reports, the initiative has not only increased the number of applicants but has also generated substantial financial outcomes.

The total value of concessions granted through CABI has exceeded $535 million Eastern Caribbean dollars (EC).

This substantial figure reflects the program’s impact on investment and the construction sector within the country, fostering an environment conducive to business opportunities and infrastructural development.

The success of CABI indicates a strong demand for concessions, which include benefits like reduced import duties and tax incentives that encourage local and foreign investment in various construction projects.

As more individuals and companies take advantage of these concessions, the program continues to play a pivotal role in driving the economic recovery and enhancing the overall infrastructure of Antigua and Barbuda.