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GAIA Inc. Signs MOU For Public Private Partnership

Building on the Barbados-UAE State-to-State Memorandum of Understanding (MOU) earlier this year, supporting closer cooperation of commercial activities, the Grantley Adams International Airport (GAIA) Inc. and the Office Of H.H. Sheikh Ahmed Dalmook Al Maktoum of Dubai and Agencias Universales S.A. of Chile announced today a MOU to finalise contractual arrangements towards a new Public-Private Partnership (PPP) for the investment, development and operation of the airport, a hemispheric cargo hub, expanded airlift and additional luxury hotel capacity. 

Background

The Government of Barbados is keen for more and better employment opportunities for all Barbadians. In the international transport sector, this can only come through an investment in Grantley Adams International Airport of approximately BDS$300 million that improves the customer experience, upgrades the infrastructure, develops retail revenues, a hemispheric cargo hub, and links these investments with initiatives for new airlift and hotel capacity. The Government of Barbados recognises that without substantial investment, the airport will not be able to maintain standards and certifications in the long run.

At the same time, the Government of Barbados is in a debt-reduction program to safeguard the value of the Barbados dollar. As a result of that program, the ratio of national debt to national income peaked at 176.8% in 2018 and, despite the pandemic, is now at 119.6% – almost halfway to the long-run sustainable target of 60%. But this track leaves little room on the Government’s balance sheet for substantial addition of debt for required airport investments. 

The Government of Barbados also has no desire, under any circumstances, to sell the Grantley Adams International Airport. Consequently, the best avenue for new investment is a Public-Private Partnership which brings investment and international airport management experience and expertise in return for sharing airport revenues.  

Partnership 

The proposed Public-Private Partnership follows the earlier MOU between the Governments of Barbados and the UAE that looked towards closer commercial interests, especially in the transport and travel sectors.

The Government of Barbados is pleased that in The Office of H.H. Sheikh Ahmed Dalmook Al Maktoum, it has found a partner with the shared priorities of protecting and expanding national employment through investment, training, service excellence and certification, employee and customer safety, net-zero targets, higher revenue growth and better integration between airport-cargo-air lift and hotels.

The partner group, led by the Office of H.H. Sheikh Ahmed Dalmook Al Maktoum of Dubai and Agencias Universales S.A. of Chile, has substantial experience in airport passenger and cargo operations in over 20 countries across three continents. In addition to the approximately BDS$300m to be invested in the airport by the Office of H.H. Sheikh Ahmed Dalmook Al Maktoum of Dubai, The Office is committed to coordinating and facilitating investments in new hotels and airlift.

Quotes

Barbados’ Minister of Tourism and International Transport, Ian Gooding-Edghill said: “We are excited about the prospect of more jobs, training and certification across the eco-system of the airport, airport services, and tourism sectors. I know that change can be unsettling, even if positive, so a critical component of this potential PPP is that there will be no change in the ownership of our airport and no change in the terms and conditions of employees. We have also tried hard to keep all workers and their representatives updated and consulted about developments, opportunities and challenges. I commit to continue to do so and keep the public updated.

To that end, I will announce a town hall meeting shortly to present the plan and answer any questions Barbadians may have. I thank the Government’s Negotiating Committee, and its Chairman, Avinash Persaud, for getting us here with the strong support of the Permanent Secretary in the Ministry, Francine Blackman, GAIA Inc.’s Board and Chairman, Dr. Jerry Emtage, and GAIA Inc. staff, led so well by CEO Hadley Bourne.” 

Chairman of Grantley Adams International Airport Inc. Dr. Jerry Emtage said: “I welcome our potential new partners and look forward to seeing the broader positive impact on Barbados of an upgraded airport, greater airlift and more hotel rooms. I thank my Board members for their help in weighing up many complex issues.” 

Grantley Adams International Airport Inc. CEO Hadley Bourne said:  “My team and I have spent many months discussing with our potential new partners at commercial and technical levels. I can vouch for their expertise and understanding of our issues, challenges and opportunities. I am pleased that we have a strong investment plan to maintain and upgrade the airport. I believe visitors, staff and Barbadians will appreciate the differences they will see in a couple of years. I thank my team who worked assiduously supporting the negotiation and planning, in particular, Gale Yearwood.” 

His Highness Sheikh Ahmed Dalmook Al Maktoum said: “We are very pleased to collaborate with the Government of Barbados on this project. We are looking forward to positively contributing to the economy of Barbados by creating jobs, improving airport infrastructure and facilities and promoting tourism in the country.”

Mr. Fernando Rodriguez, CEO of Agencias Universales S.A., said: “We are very excited about our partnership with the Government of Barbados and the Office of H.H. Sheikh Ahmed Dalmook Al Maktoum of Dubai. We are committed to the success of this project and making every Barbadian proud of their airport and the upgrades to come.” (PR/GIS)

Grantley Adams International Airport Inc. and The Office of His Highness Sheikh Ahmed Dalmook Al Maktoum of Dubai and Agencias Universales S.A. of Chile sign a Memorandum of Understanding towards a new Public Private Partnership for the investment, development and operation of the airport, a hemispheric hub for cargo, expanded airlift and additional luxury hotel capacity.

Business

Director of Youth Affairs, Cleviston Hunte, is pleased about the support for this year’s National Summer Camp Programme, which is being rebranded by the Ministry of Youth, Sports and Community Empowerment.

A donation of art supplies was received last Friday from the Prince Godwill D. Fomusoh Foundation (PGDFF) and its partner, Affinity Plus Credit Union Ltd., at the Ministry’s headquarters, Sky Mall, Haggatt Hall, St. Michael.

Mr. Hunte, who accepted the donation from the PGDFF and Affinity Plus Credit Union said: “Today is really the day that we actually see the fruits of the labours of our stakeholders…. The donation that you are giving to us here today is well received.”

Noting the crucial role that corporate sponsorship plays, he stated: “We enjoy the corporate sponsorship that we get because we know that the benefits for the children are really significant,” adding that such support ensures the well-being and holistic development of the children.

Stating that the Arts was a key component of the Summer Camp Programme, he stressed: “It gives our children an opportunity to explore themselves, explore their imagination.”  He said that aspect of the programme aims to foster creativity and imagination among the youth.

Director Hunte also urged other corporate entities to join in supporting the programme. “We want to invite other corporate sponsors or stakeholders to come on board and provide these kinds of donations that really enhance the lives of the children of this nation of Barbados,” he said.

Managing Director of the PGDFF Caribbean, Anita Sundaram, expressed gratitude to the Marketing Manager of Affinity Plus Credit Union, Valerie Hope, and members of the PGDFF team for their part in the initiative.

Ms. Sundaram, in commending Ms. Hope, remarked: “When we came to you (Affinity Plus), you just trusted us with this and went with it. And, I really want to thank you for partnering with us. 

“I think incorporating colouring and art into early childhood development is extremely important. It helps develop so many skills, whether it’s writing skills, … their creativity skills, or emotional management, there’s so many plus points for this. And lastly, it’s just a lot of fun. ‘Who doesn’t like to colour?’ 

“We’re happy that we’re able to provide this for the Summer Camp Programme, from PGDFF Caribbean, in partnership with Affinity Plus Credit Union.” (PR/GIS)

Caption: Director of Youth Affairs, Cleviston Hunte (third from left); Managing Director, Prince Godwill D. Fomusoh Foundation Caribbean, Anita Sundaram (second from left); Marketing Manager of Affinity Plus Credit Union, Valerie Hope (centre); staff of the Ministry and representatives pose with the donated art supplies. 

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MOUNT GAY AND WEST INDIES RUM DISTILLERIES CELEBRATE CARICOM’S 50TH ANNIVERSARY WITH LIMITED EDITIONS

Mount Gay Distilleries and Stade’s West Indies Rum Distillery proudly unveiled their commemorative Caribbean Community (CARICOM) 50th Anniversary limited editions to The Prime Minister of Barbados,  Hon. Mia Amor Mottley, during an intimate ceremony at Ilaro Court today.

The two local rum producers, both esteemed members of the West Indies Rum and Spirits Producers’ Association (WIRSPA), marked the significant milestone in Caribbean history with the release of the two limited editions, both available at their respective Visitor Centres.

The initiative saw rum producers in 13 CARICOM member states, under the guidance of WIRSPA, presenting limited editions highlighting this 50th Anniversary to their respective governments across the region, during the month of June. The unique expressions not only celebrate CARICOM’s half-century, but also stand as a symbol of unity, culture and heritage across the regional rum industry.

Andrew Hasell, Managing Director, WIRD

Antoine Couvreur, Managing Director of Mount Gay Distilleries, expressed his enthusiasm and pride on this special occasion, “As the world’s oldest running rum distillery in the world, Mount Gay has played a pivotal role in Barbados’ national and global identity in the spirits industry, since crowning the island as the birthplace of rum over 320 years ago in 1703. Today, Mount Gay is synonymous with Bajan rum and Barbadian pride in more than 70 countries.

“It is an utmost privilege for us to be able to honour the heritage of CARICOM, established by the Treaty of Chaguaramas in 1973, with this limited edition 50th Anniversary label of the Mount Gay Black Barrel Cask Strength expression. It is our toast to people across the region, working side by side to create a dynamic future, with a rum which embodies the spirit of unity that defines the Caribbean.”

Couvreur explained that the Mount Gay limited edition was a blend of rums distilled in copper pot and column stills, matured in American whiskey casks and finished in charred Bourbon casks. 

Andrew Hassell, Managing Director at Stade’s West Indies Rum Distillery warmly congratulated CARICOM, as it celebrates 50 years of promoting economic integration and cooperation among its members, ensuring they are better able to reap the benefits of integration equally. 

Hassell explained, “The unique rum we offer today embodies the dedication and expertise that our distillery has poured into its craft every day for over 130 years. Planteray Legacy 120 is dedicated to three men who have devoted their lives to making Barbados rum.

“It celebrates their combined 120 years of distilling and blending expertise. Henderson “Digger” Skinner joined Stade’s West Indies Rum Distillery 41 years ago, and continues to operate our old copper stills. Mark Walker and John Kinch, both Master Blenders, have been tending to barrels of delicious rum at the distillery for 40 years and 39 years respectively. Together with Master Distiller Don Benn and Master Blender Alexandre Gabriel, the “120” team created an extra old Barbados rum that honors their starring roles in the unique history of Stade’s West Indies Rum Distillery.” 

Hassell said, “Therefore, we are proud to present this very rare, high quality rum as our gift to the entire Caribbean Community as we celebrate the momentous occasion of their 50th Anniversary and offer our team’s continued support as they continue their mission.” (PR)

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Interns grasping RUBIS opportunity

The 2024 RUBIS internship program continues to deliver exciting results for ten budding professionals who are focused on grasping the opportunity for real-world experience to enhance their professional development. 

The interns have already completed their first few weeks of a 10-week programme, gaining key insights into the operational aspects of RUBIS, and participating in insightful table talks with department heads.  The orientation week included tours to Barbados National Terminal Company Ltd. (BNTCL), Grantley Adams International Airport, and RUBIS service stations. The interns also successfully passed CPR and First Aid courses and undertook fire safety training at Barbados Fire Academy in Arch Hall, St. Thomas.

HR Manager Delores Batson said the internship program was again proving to be a mutually rewarding experience and continued to be one of the most sought-after internships in the sector. “Each year, we look forward to the youthful exuberance and enthusiasm that comes with this internship experience, and 2024 has been no exception. This program benefits the interns with real-world experience, and we welcome the opportunity to embrace youthful energy and perspectives within our company.” 

Marketing intern TaShauna Weekes, who recently earned her Bachelor’s Degree in Management with Marketing from the University of the West Indies, Cave Hill, said she was excited about the growth and network-building opportunity presented by the RUBIS internship. “I hope to gain valuable experience to help me in my future endeavours. I’m also keen to establish relationships with marketing professionals and will seek constructive feedback from supervisors and peers to find areas for growth,” Weekes said.

The keen group of interns includes local and international university students pursuing Bachelor’s and Master’s degrees in various disciplines. They have been assigned to Sales and Marketing, Operations, Legal, and Finance departments in the RUBIS Welches headquarters and Spring Garden terminals. The HR manager said this approach will allow the interns to gain experience relevant to their selected areas of study. (PR)

Caption: The 2024 group of RUBIS Summer Interns with some RUBIS employees including Delores Batson (HR Manager), Mechell Warner (Marketing Specialist) and Annette Shorey (Internal Controls Specialist).

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