AGP Executive Report
Last update: 2 hours agoGrace Bay Development: The Point is taking shape beside Point Grace, with 58 residences and resort accommodations planned across 9.5 beachfront acres. Developer Grace Bay Resorts chose a low-density design, despite zoning that could have allowed nearly 400 rooms and residences. Food Security & Trade: With about 90% of its food imported, TCI could benefit from CARICOM’s push to grow regional agriculture and trade. Caribbean food production rose around 24% from 2022 to 2024, alongside investment in storage, processing and farm-to-market links. Tourism Investment: The locally owned Retreat has opened in Grace Bay with 24 studio residences; its owners say November and December bookings are looking positive. Hyatt’s Andaz resort is now scheduled to open in April 2027, adding 59 hotel rooms and 73 residences. Regional Business: Massy’s sale of its Caterpillar business in Trinidad and Tobago to MACORP could leave about 140 workers facing retrenchment, based on the union’s estimate; Massy says at least a quarter of affected staff will be retained within the group. MACORP already operates in Turks and Caicos.
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