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PM Browne Calls for Local Investment in Mega Yacht Marinas
Prime Minister Gaston Browne is urging local entrepreneurs to seize the growing opportunities in the high-end tourism sector by investing in mega yacht marinas. With Antigua and Barbuda already a premier destination for luxury yachts, Browne emphasized that expanding marina facilities will enhance the country’s appeal to ultra-high-net-worth visitors and generate significant economic benefits.
“We have one of the most attractive yachting destinations in the Caribbean, and we need to ensure that we continue to capitalize on this advantage,” Browne stated. “This is an opportunity for Antiguans and Barbudans to invest in and benefit from this growing sector.”
Browne noted that Antigua’s yachting industry has seen steady growth, with international interest in the island’s harbors increasing. The government has been facilitating developments in the sector, but Browne stressed that private investment is critical to expanding marina infrastructure.
“Our goal is to ensure that our people are not just spectators but active participants in the industry. The government cannot do it alone—we need private capital, especially from our local investors, to develop additional berthing facilities, high-end services, and waterfront attractions.”
He pointed to English Harbour and Falmouth Harbour, which host some of the world’s most prestigious regattas, as prime examples of what can be achieved with sustained investment. However, he acknowledged that further expansion is needed to accommodate the rising number of mega yachts visiting the region.
According to Browne, increased marina development will create employment opportunities in areas such as marina management, yacht servicing, hospitality, and tourism support services.
“This is not just about docking space,” he said. “The yachting sector brings opportunities in maintenance, provisioning, high-end dining, and entertainment. If we expand our marinas, we can increase spending from yacht owners, their guests, and their crew members—injecting millions into the local economy.”
Browne also noted that attracting more high-net-worth visitors will have a multiplier effect, benefiting small businesses, tour operators, and local artisans who cater to the luxury market.
While encouraging private investment, the Prime Minister assured that the government will play its part in creating an enabling environment for marina expansion.
“We are willing to provide the necessary incentives, whether through tax concessions, streamlined approvals, or infrastructure support, to facilitate new marina developments,” he said.
Browne reiterated that Antigua and Barbuda is well-positioned to become the leading mega yacht hub in the Caribbean, but local investors must act swiftly to secure their stake in the industry.
“We have everything we need—the natural beauty, the location, and the reputation. Now, we need our people to step up and take advantage of the opportunities before they are snapped up by foreign investors.”
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Local investors/ business won’t even support/ sustain the existing events in yacthing. Will be watching to see see how this works out.
Yeah man… What we need to pimp out Antigua to millionaires to make the numbers look good but not improve the quality of life to any citizen surely this will work this time right Gaston? How much money does he make of this?
The message may be good, but the wrong messenger. In Antigua everything is political. So especially when it comes from the leader of the party, the opposition and their member that are preaching hatred will never encourage others to heed to the call. We need independent people who also have our trust to make that call. Or perhaps we need to bring in a foreign company to sell this to us. Because we know Antiguans do not trust one another. They will more likely trust the one coming from abroad and especially if he or she is caucasion. I still wonder how come CLICO/BICO was able to get over 300 million of Antiguans monies to invest in Trinidad and Tobago. When they have project to invest right here in their country.
Maybe Gaston should stop looking down, or ignoring people that would like to invest, but don’t because of his attitude.
I have a few millions US$ to invest, but stop ignoring me!
Scratch my back, and I will scratch yours!
That’ll be good until they step off there mega yacht’s/ boats and try using the roads, probably find the sea smoother.