Economic sectors

Logistic

This oldest productive sector of the island is increasingly adapted to the requirements of the times.

Current situation

  • Natural seaport with modern infrastructure.
  • Largest commercial dock in the region (120,000 tons).
  • Modern container port with room for expansion.
  • Container terminal expansion.
  • Expansion port area.
  • Airport runway for the biggest aircrafts.
  • Economic development around the airport in full swing.
  • Economic Zones in the port and airport.
  • Modern e-commerce and e-zone legislation and regulation.
  • Installation of a modern radar system for an even safer airspace
  • The long-standing relationship with the port of Rotterdam and Schiphol creates confidence for entering into new forms of cooperation.

Near future

  • Second mega-pier
  • Expansion opportunities terminal building with more capacity and facilities.

Market opportunities

  • Port-related manufacturing and distribution.
  • Distribution from Economic Zone is now more attractive with E-zone legislation.
  • More capacity for container handling.
  • Export-oriented industries with the Free Zone facilities.
  • Financing and construction of the second mega-pier.
  • Port development in the region from Curacao.
  • Acquisition of / participation in Dutch Caribbean Airlines or parts thereof (ground handling, catering).
  • Participation in the construction of new terminal building and related activities.
  • Financing, construction and management of an airport hotel.
  • Participation in development around the airport.
  • Attracting General Aviation traffic (private and business aircraft).
  • Participation in Cargo Shuttle for optimum distribution of air in the region.
  • Development of Space Experience Curacao www.spacexc.com
  • Participation in operation for the distribution of mail in the region.
  • Aviation-related maintenance –and reparation companies with with free zone facilities.
  • Distribution of property resulting from e-commerce activities.

Tourism

Introduction: Tourism is a priority on the agenda of the government and enjoys a lot of interest from private investors. In 2010 the Curacao tourism grew almost across the board compared to the previous year; only the South American market had a decrease of42.8%, mainly due to the challenges within the Venezuelan market, bringing the total decline over the overall 2010 tourism growth in -6.8% . In the first half of 2011 continued with a positive trend in all markets growing overall with 25%.The growth per market were respectively North America 32%, South America 50%, Caribbean 27% and Europe with a 7%.

Current Situation

  • Willemstad on the World Heritage List of UNESCO.
  • Mega pier outside the port accommodates largest ships.
  • Thorough upgrading of the district Otrobanda, adjacent to the harbor.
  • Well-developed diving tourism and local ecotourism.
  • Hundreds of new hotel rooms completed.
  • International hotel chains operating in Curacao.
  • Luxury 18 hole golf course overlooking the sea.
  • Daily flights from and to Amsterdam, Miami, Caracas and other
  • Competition on transatlantic routes by 'open skies' policy.
  • Arkefly and KLM connect Curacao and Amsterdam on a daily basis
  • Increase in direct flights: * directly connected to North America: Charlotte, Miami, Toronto * Europe: Amsterdam Daily (Arkefly and KLM), Dusseldorf and Milan weekly *South America: Bogota, Brasilia, Caracas, Medellin and Valencia.

Near Future

  • Development of new resorts.
  • Further development of existing projects.
  • Construction of the second mega-pier.

Market Opportunities

  • Financing, construction and / or management of (luxury) hotels and resorts.
  • Development and / or management of natural parks and nature funds.
  • Development of golf courses and marinas.
  • Development and management of sites for (water) recreation.
  • Construction and management of hospitality businesses.
  • Renovation of historic buildings and houses for commercial purposes.
  • Participation in development of the Brion Square at the harbor entrance.
  • Organization of local art studios.
  • Financing and setting up a commercial hospitality school for the region.

IT & E-Commerce

Curacao has competitive initiatives and activities in ICT and e-commerce area, these companies offer great incentives to settle on the island.

Current Situation

  • E-commerce law governs agreements to be concluded electronically.
  • Economic Zone Act Free Zone provides facilities for e-commerce companies.
  • Tax benefits for e-commerce through the New Fiscal Framework and Tax Kingdom.
  • Multiple providers for mobile and international telephony.
  • More than enough Internet bandwidth to Internet service Providers, e-commerce etc.
  • Increased bandwidth by connecting to Americas II fiber optic cable and Arcos.
  • Wi-Fi (wireless IP) licenses to interested companies.
  • Active Office (Stimul-IT) for the promotion of ICT.
  • Active e-commerce platform with the participation of 20 companies.
  • Banks that handle e-commerce related payment.
  • Synergy between factors such as professional, financial, logistical and fiscal services.

Near Future

  • Activities and measures to improve the competitive position.

Market opportunities

  • E-companies that prioritize in digital transactions.
  • E-commerce server farms.
  • E-commerce companies focused on Latin America.
  • Wireless Internet Service Providers (ISPs).
  • Computer disaster recovery centers.
  • Offshore software factories.
  • Information brokers.
  • Expansion of existing IT courses at the university.

Utility

New developments are opening up good prospects for the sector as an economic focal point to criticize.

Current Situation

  • Strategic partnership with Marubeni leads to investment room for the local Aqualectra.
  • The strategic partnership with Marubeni includes using its international network in order to attract foreign investment.
  • Various strategic studies with projections up to 2020.
  • Two wind farms provide 10% of peak power.
  • Expansion of the usable power with modern diesels.
  • Selection of Reversed Osmosis (RO) as a base technology for drinking water production.
  • Expansion of the RO capacity.
  • BOO plant (MW) Isla refinery in September 2003 into operation.
  • Utilities Dutch DELTA utility companies are already active on Curacao through DELTA Caribbean and DELTA wind farms.

Near future

  • Expanding capacity for RO drinking water.
  • Start decentralized water production.
  • Final Voltage at the end-usage is increased gradually from 50 Hz to 127 V230/400 V
  • Further automation of production and distribution.

Market opportunities

  • Purchasing and supply of materials for the production base and distribution network.
  • Products and services for expansion and replacement programs.
  • Privatization and / or SPCs of parts of the electricity and water production.
  • Investments in the utility sector, partly in renewable energy generation.
  • Delivery of knowledge.