Work on St. Maarten’s National Development Plan begins soon

POSTED: 09/14/11 11:32 AM

GREAT BAY, St. Maarten – Governor Eugene Holiday has announced that the government plans to begin work on the National Development Plan (NDP) “post haste”. That plan will replace the Multi Annual Policy Plan.
“Through the National Development Plan government shall continue to promote economic growth through investments in public programs and by creating an enabling environment for business development. This is no small undertaking as it will require broad private sector input and support,” Holiday said.
The plan will acknowledge that the island’s traditional stay-over tourism product has matured and will encourage property owners to place the focus on the ever present need to upgrade their properties. The plan will also place attention on condominium development, the fact that the cruise sector has “held its own” despite sluggish global economic conditions and its effects on the region and on the marine trade industry, which also continues to “hold its own and demonstrate further growth potential.”
The backbone of the plan will be creating a market which promotes fair competition, has clear rules and incentives for good corporate citizenship and is guided by government through dialogue and enabling legislation.

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