In a place where business and nature blends in harmony, investors will find that Belize holds a well-crafted investment profile focusing on: Sustainable Tourism, Medical Tourism, Agribusiness (including Agro-Processing), Information Technology-enabled Services (including Business Process Outsourcing), and Renewable Energy. To date, the Government of Belize has undertaken several initiatives aiming at establishing a holistic supporting framework for the development of these sectors. Some of these initiatives include:
National Sustainable Tourism Master Plan
Belize continues to witness robust growth in its tourist arrivals. The aim of the Master Plan is to strengthen the sector’s contribution to the national economy by enhancing the tourism experience and resource sustainability, diversifying tourism products in emerging destinations for the overnight tourism market, and strengthening tourism institutions for policy, destination planning and management (STP Project Summary).
Medical Tourism Sector Strategy
It is well noted that in order to tap into the opportunities stemming from this sector, Belize will need to be able to deliver quality healthcare procedures, including specialized transportation, recovery and accommodation. The sector strategy thus serves as a guide in establishing the overarching regulatory framework, as well as providing support to stakeholders in the sector. In particular, the strategy outlines, in stages, the types of investment projects to be expected, degree of participation of existing clinics and hospitals, and level of involvement of foreign practitioners.
Business Process Outsourcing (BPO) Sector Strategy
The BPO sector serves as one of the key economic pillars for Belize. In light of its importance, the sector strategy seeks to provide a holistic framework on developing the requisite infrastructural and talent pool, as well as charting a roadmap for the nurturing of a conducive operating environment.
While the above initiatives serve as a sound framework in guiding investors with interests to explore business opportunities in the selected areas, Belize’s Investment Promotion Agency, Belize Trade and Investment Development Service (BELTRAIDE), also consistently provides trainings to its staff to strengthen its capacity to facilitate investment. In addition, BELTRAIDE also actively participates in various relevant international forums where potential investors congregate, such as attendance at the recent Caribbean Hotel and Resort Investment Summit.