IDA Executive Director, Rhoda Joseph
The Invest Dominica Authority is currently hosting an inward investment mission which started on June 12 and will continue until June 17th. Executive Director of the IDA Rhoda Joseph stated that these missions from the French West Indies, are a part of the authority’s strategy to increase foreign direct investments and to seek partnerships with foreign investors in key areas of sectoral interests.
She continued by stating that they have been working with the Chambers of Commerce in Guadeloupe and Martinique in identifying and targeting investors in the French Territories interested in investing in Dominica either through greenfield projects, joint ventures, or partnerships. The missions comprise 40 businesspersons representing 12 companies in Guadeloupe and 10 companies in Martinique.
Joseph mentioned that these businesspersons have expressed interest in considering Dominica as an investment destination and will be engaged in a series of activities during their visit including business matching meetings, site visits to businesses of interest and investment areas, and site visits to Dominica’s natural sites.
During the Welcome Reception, the IDA Executive Director thanked various Dominica associations for helping with this mission.
“Investment is a process and we need all stakeholders, to this end, we want to thank the Dominica Manufacturer’s Association, the Dominica Hotel and Tourism Association, the Dominica Association of Industry and Commerce; and we can see, based on the display of a number of our products from the various private sectors on the island. The private sector is very key and is the nexus that links IDA towards even meeting with the French investors because we are seeking to see how we can find partnerships, how we can match persons in Dominica to persons who are interested in terms of our products and services in the French islands.”
The IDA placed a strong focus on attracting investments in manufacturing and agro-processing, organic agriculture, creativity, knowledge, and the digital sector as potential investment opportunities. Investments in eco-tourism accommodations and ancillary services will also be featured in the mission. Investment Dominica Authority is also keen to listen to opportunities for possible new investment ventures that will be of mutual benefit to Dominica and the French West Indies.
As the economy continues its steady path of recovery, the IDA is supporting the government’s vision of making Dominica the first climate-resilient country in the world and will continue to seek new opportunities and target sustainable investments that would redound to improving the lives and livelihood of Dominica’s citizens. Joseph hopes that the delegates enjoy this week and the various meetings and activities.
