GIDC rank #1 among investment promotion institutions in Africa, the Caribbean and the Pacific Countries

The Grenada Industrial Development Corporation (GIDC) has been ranked #1 among 77 Investment Promotion Institutions (IPI’s) in Africa, the Caribbean and the Pacific.

According to the Global Investment Promotion Benchmarking 2012 report, a new report by the World Bank Group, the GIDC has been able to attain this top spot by focusing on “speed and teamwork”. The investment facilitation services of African, Caribbean and Pacific                        (ACP) countries were assessed by evaluating their Investment Promotion intermediaries and responses to information requests by potential investors in the tourism and agribusiness sectors.  Specifically, an assessment was undertaken on the speed at responding to investment inquiries and the effectiveness of investment promotion institutions websites.

 Grenada’s IPI has been ranked ahead of Trinidad and Tobago who placed 2nd and Jamaica who placed 3rd, and has received an overall ranking of 26th among all Investment Promotion Institutions in the world. With a staff of 24 people, the GIDC intends to maintain its #1 ranking in the ACP and is prepared to embark on new strategies so as to be  ranked #1  Investment Promotion Institution in the world.

For more information visit   https://www.Global Investment Promotion Benchmarking.pdf

Grenada Industrial Development Corporation

Frequente Industrial Park

Frequente, St. George’s

Phone: +1 (473) 444 1035-40 Fax: +1 (473) 444-4828

E-mail: invest@grenadaidc.com

Website: www.grenadaidc.com