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BUSINESS OPPORTUNITIES ARE SET TO TAKE OFF AT

THE PIARCO AEROPARK

Visitors to Trinidad and Tobago will be able to visit an exciting new urban center for shopping and entertainment.  Companies seeking to expand their operations in Latin America and the Caribbean will also soon be able to access prime real estate in one of the most dynamic economies in that region,  Trinidad and Tobago. 

Airports Authority of Trinidad and Tobago is the organization responsible for managing international airports in Trinidad and Tobago.  The Authority is poised to announce the launch of a mixed-use business park along the model of an airport city.  Phase 1 of this development, the Piarco Aeropark, occupies 168 acres of prime real estate just metres away from the Piarco International Airport in Trinidad.

Trinidad and Tobago has one of the strongest economies in the Caribbean.  Its economic resilience explains why this country has been attracting investment from countries across the world involved in various sectors including oil and gas, financial services, retail and manufacturing.  The Piarco Aeropark will help bolster Trinidad and Tobago’s reputation as the business and entertainment capital for the Caribbean.

The Piarco Aeropark has zones earmarked for:

The Piarco AeroPark will be based on the airport city model.  This is a trend in which major airports across the world are developing land on its airport estates so that the layout and infrastructure of an urban area is centered around an airport.  Thus, the airport city emerges as a city-like economic hub.  Therefore,  the Piarco AeroPark can contribute to the economic development of Trinidad and Tobago through the creation of new jobs and attracting local and foreign direct investment.  The Manchester Airport City in the United Kingdom for example, is expected to lead to the creation of 16,000 new jobs and result in the investment of £ 800,000 in Manchester’s economy.  The following article in the U.K media provides further details http://www.theguardian.com/business/2013/oct/14/china-invest-manchester-airport-city.

Information on leasing opportunities can be found on the Corporate website for the Authority, http://www.tntairports.com/aatt/nabpark.html

The Piarco Aeropark is an excellent location for companies seeking to access South America and the Caribbean.  As a major producer of natural gas, Trinidad and Tobago energy costs are relatively low and give manufacturers located there a competitive edge.  Trinidad and Tobago also has a highly trained labour force.  This can in part be attributed to the policy of successive governments over the last years to offer citizens free tertiary education.

Companies based at the Park will be in an excellent location to reach potential clients from other Caribbean countries as well as Venezuela.  Historically, a significant number of persons from the Southern Caribbean shop in Trinidad and Tobago for gifts, parts and for wholesale purchases of foodstuff and hardware items.  The air cargo links between Trinidad and Tobago and the southern Caribbean support this activity. 

Since 2012 Airports Authority of Trinidad and Tobago has embarked upon a awareness campaign for the Park.  Advertisements were placed in various publications and websites such as CEO Today, Director of Finance, Airports 2012 and Trinidad Realtor.  After the launch of the Park the next phase of the marketing campaign will commence.

It is anticipated that a world- wide call for Requests for Proposals for leasing of space at the Piarco Aeropark will be announced in November 2013.  Companies that are interested in leasing space at the Piarco Aeropark should contact Airports Authority of Trinidad and Tobago’s Marketing Department at marketing@tntairports.com

For more information on The Piarco AeroPark and other Aerotrpolis' throughout the aviation world,  click the links below.

Also, Read Articles published in International Magazines :

          

Airport City at Miami International Airport

Songdo International Business District, Korea

Tocumen International Airport Panama (still in development)

Information on the NABP

 

 

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