According to politicsezine, Located in the Caribbean Sea, the twin-island nation of Saint Kitts and Nevis is bordered by several countries and territories. To the east lies the Atlantic Ocean, while to the south and west lies the Caribbean Sea. To its north, Saint Kitts and Nevis shares a maritime border with Anguilla, a British Overseas Territory. Anguilla is an island located east of Puerto Rico and is part of the Leeward Islands chain in the Lesser Antilles. The island covers an area of 35 square miles (91 sq km) and has a population of approximately 13,500 people.
To its northwest lies Sint Maarten, which is an autonomous country within the Kingdom of Netherlands. This country is made up of two distinct parts – one side being Dutch Sint Maarten while other side being French Saint-Martin – both lying on opposite sides of an island in Caribbean Sea close to Puerto Rico further east. Together they cover an area measuring 34 square miles (88 sq km) with population estimated at 40,000 people living mainly on Dutch side towards western edge of island near Philipsburg port city – capital & largest settlement on Sint Maarten side towards north-west corner from Saint Kitts & Nevis territory close to Anguilla further north along Caribbean coastline towards east coast from USA mainland across Atlantic Ocean further west near Mexico coastline just beyond Gulf Coast towards south-west corner from Louisiana state near Texas border further south.
To its south lies Montserrat, a British Overseas Territory located in Lesser Antilles chain in Caribbean Sea close to Saint Kitts & Nevis towards north-east corner from Puerto Rico further east near Dominican Republic towards south-east corner from Haiti across Caribbean Sea towards east coast from Jamaica further south. Montserrat covers an area of 39 square miles (101 sq km) and has a population of approximately 4,800 people living mainly around Plymouth port city – capital & largest settlement on island towards south-west corner just beyond Saint Kitts & Nevis territory.
Finally, to its east lies Antigua and Barbuda, a sovereign country located within Leeward Islands chain in Lesser Antilles close to Montserrat further west near Saint Kitts & Nevis territory across Caribbean Sea towards east coast from Puerto Rico just beyond Virgin Islands towards north-east corner from Dominican Republic across Caribbean Sea further south. This country covers an area of 171 square miles (443 sq km) and has a population estimated at 97,000 people living mainly around St John’s port city – capital & largest settlement on Antigua Island towards west coast just beyond Barbuda Island located further east along Caribbean coastline.
Industry Sectors in Saint Kitts and Nevis
The industry sectors in Saint Kitts and Nevis are a major contributor to the country’s economy. It has been growing steadily since the 2000s and is responsible for producing a range of goods and services including tourism, manufacturing, financial services and construction. The sector has experienced a compound annual growth rate of 4.9% between 2010 and 2019 and is expected to continue to grow in the coming years.
The government has played an important role in supporting the industry sectors through various initiatives such as establishing industrial parks which provide infrastructure and resources to help businesses expand their operations. Additionally, there are also several investment incentives available for foreign investors looking to set up industry operations in Saint Kitts and Nevis such as tax exemptions on capital investments, duty-free imports of raw materials, and subsidies on export-oriented projects.
The industry sectors provide employment opportunities for a large number of people with over 20,000 people employed in the sector in 2019 according to official figures. Furthermore, it has provided opportunities for local entrepreneurs who now make up a significant portion of small-scale businesses working on various projects across Saint Kitts and Nevis. Additionally, there are also several foreign firms involved in industry projects within Saint Kitts and Nevis such as Marriott International who have invested heavily in setting up resorts throughout the country.
Construction Sector in Saint Kitts and Nevis
The Construction Sector in Saint Kitts and Nevis is a major contributor to the country’s economy. It has been growing steadily since the 2000s and is responsible for producing a range of goods and services including residential, commercial, industrial, and infrastructure projects. The sector has experienced a compound annual growth rate of 5.2% between 2010 and 2019 and is expected to continue to grow in the coming years.
The government has played an important role in supporting the construction sector through various initiatives such as establishing industrial parks which provide infrastructure and resources to help businesses expand their operations. Additionally, there are also several investment incentives available for foreign investors looking to set up construction operations in Saint Kitts and Nevis such as tax exemptions on capital investments, duty-free imports of raw materials, and subsidies on export-oriented projects.
The construction sector provides employment opportunities for a large number of people with over 8,000 people employed in the sector in 2019 according to official figures. Furthermore, it has provided opportunities for local entrepreneurs who now make up a significant portion of small-scale builders working on various projects across Saint Kitts and Nevis. Additionally, there are also several foreign firms involved in construction projects within Saint Kitts and Nevis such as China Communications Construction Company who have invested heavily in setting up infrastructure throughout the country.