Why Barbados

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Barbados – Cahill Energy’s First Choice

Having conducted in depth analysis of the Caribbean region, Cahill Energy has determined that Barbados represents the ideal location to invest in a Plasma Gasification Plant.  While we recognize that the country faces some challenges in the short term due to the impact of the 2008-2009 global economic downturns, we believe that the fundamentals are strong.

As a world class business centre and one of the Caribbean’s most prosperous economies, we believe that Barbados is economically stable over the long term and the economic outlook is sound.  The country offers a business-friendly environment with a well-educated and highly skilled workforce, backed up by a strong legal system.  Barbados is ranked more highly in the World Economic Forum’s Global Competitiveness Index than any other English-speaking Caribbean country and ranks very highly among Caribbean countries in terms of its infrastructure, well-functioning institutions and strong financial market development.

With a long history of parliamentary democracy stretching back to 1639, Barbados also offers an attractive political environment with a stable governmental system.  The country ranks higher than any other country in the Americas besides Canada for freedom from corruption, according to Transparency International’s Corruption Perception Index.  Barbados also offers a high level of social stability and low crime rate.

As a consequence of all these factors, Barbados has a strong track record of attracting sophisticated investors and Foreign Direct Investment.  For example, according to Statistics Canada, Barbados is ranked third for attracting direct investment from Canada after the UK (1st) and the USA (2nd).  We are therefore confident that Barbados represents a highly attractive investment location for Cahill Energy and our investors.