The Invest Dominica Authority on Tuesday held a webinar on the subject of “The Dominica Advantage: Maximizing Your Business Potential in the Caribbean.” The US Director for OCO Global, Ian Hunter, led the webinar as well as working with Invest Dominica to capitalize on its natural resources, along with potential talents and geographic location.
The sole aim behind webinar is to highlight the benefits of establishing operations in Dominica as well as how the island’s highly educated talent pool gives it an advantage regarding the new chances in the Caribbean. The speakers included Rhoda Joseph, Alice Simon, a highly experienced BPO consultant based in Dominica; executive director of the Invest Dominica Authority along with the Executive Director of the National Telecoms Regulatory Commission, Craig Nesty.
During the webinar, the speakers have held discussion on the ongoing trends in foreign direct investment into the Caribbean as well as why such investments can become attractive. They have further emphasized upon the benefits of setting up operations in Dominica like the island’s highly educated talent pool, its digital advantage, as well as the exciting developments already taking place in Dominica, like renewable energy, new infrastructure projects, along with digital connectivity. In addition, Craig Nesty held discussion on the Uni Universal Service Fund, mobile hub, NTRC Dominica, DCY & increased internet traffic.
Meanwhile, the speakers have also outlined the impact of the COVID-19 pandemic on foreign direct investment in the Caribbean. They have further stressed on the significance of teamwork, digital collaboration, and Dominica’s competitive costs.
During the webinar, Craig Nesty elaborated that Dominica is positioned in the Caribbean to connect to two(2) fibre optic cables, one middle Caribbean network as well as one Eastern Caribbean fibre system. He further outlined that greater internet penetration, the global pandemic as well as other social events had driven the outlay of the internet throughout the nation.
He also held discussion on the Caribbean Digital Transformation Project, a World Bank’s project for creating a framework for digital transactions as well as digital opportunities in telecommunications, financial services, along with the cybersecurity.
At the same time, the webinar was very successful in emohasising upon the advantages of investing in Dominica. The Invest Dominica Authority hopes that the webinar will help in encouraging more people to support Dominica as well as helping the nation in becoming an attractive destination for tourism & investment. As the Caribbean growing out to be an attractive spot for foreign direct investment, the Dominica Advantage is a great chance for investors to take advantage of the nation’s natural resources, geographic location, and potential talents.
