October 31, 2018 - Vol 5: Light Manufacturing and Logistics

The Light Manufacturing and Logistics Sector 2018
Outlook & Opportunities


Belize offers a stable doing business environment in fostering Light Manufacturing development with access to a skilled and vibrant labor force. The Government of Belize is committed to continue its support to the Light Manufacturing industry, such as via the granting of strategic investment incentives to qualified investors. The availability of a skilled and vibrant labour force, of approximately 172,086 individuals, coupled with access to an array of preferential markets, provide the ideal environment to foster investments in Belize. Furthermore, the Government of Belize has in place competitive incentive programs, which cater to the priority sectors, inclusive of Light Manufacturing.

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Success Story Video Feature:
BELIZE FOAM AND FURNITURE LTD.
"In the beginning, we started very small and over the years we requested help from BELTRAIDE...They were of great assistance to us...The savings we had from not paying duties were reinvested in the Company...That has helped us greatly"

Charles Abou-Nehra, Managing Director - Belize Foam and Furniture Ltd.
Comprehensive National Transportation Master Plan (CNTMP) 
Brief Introduction 

The country of Belize has been identified as having high investment and development potential. An abundance of natural resources, government support, and geographic position, are only a few aspects that attract both tourist visitors and investors alike. Despite these advantages, Belize's transportation sector has experienced limitations in further keeping up with the development of the different priority sectors.
The Government of Belize, via the Department of Public-Private Dialogue in the Office of the Prime Minister, along with the support from the Inter-American Development Bank (IDB) developed the Comprehensive National Transportation Master Plan (CNTMP) to address the growing infrastructural issues. The CNTMP will go beyond in achieving efficiency and effectiveness in areas such as the transport of freight, mobility for civilians and improve how trading is carried out with partners.


The Success of an Advanced Manufacturing Facility in Belize

Belize Commercial Manufacturing Industries (BCMI), a local company, has recently established a "State of the Art" cabinetry, kitchen and furniture manufacturing facility in Southern Belize. The facility brings new technology, innovation and manufacturing capabilities to Belize. The BCMI factory fills a much-needed vacuum in the market for producing high quality hospitality finishes, furniture, case goods, cabinetry and kitchens that are required by developers of large-scale real estate and hospitality projects, particularly as the Tourism Industry continues on its progressive path of increasing growth. It is also noteworthy that BCMI is producing Belize's first MDF (Medium Density Fiber board) interior doors and MDF crown moldings, which will be featured in new development, renovations and hardware stores across Belize in late 2018. 

Project Opportunity: Majestic Seafood
Project Name:  Majestic Seafood
Sector: Fisheries and Aquaculture
Status: Open
Location:  Indianville, Punta Gorda Town, Toledo District, Belize C.A.

Project Summary
Majestic Seafood is a start - up company with a focus on exporting processed lobster and other seafood such as conch and fish (snapper, grouper and others) to targeted export markets mainly to the U.S market. Majestic Seafood Company proposes to purchase seafood, primarily lobster, from Belizean fishermen to then process and package seafood specifically for the export market. The company has secured multiple buyers in the U.S., and is currently registered with the U.S. Food and Drug Administration (FDA).

Total Est. Capital Investment: USD $292,500
Total Est. Capital Required: USD $230,000
Estimated Return on Investment: 30%
Preferred Sources of Capital: Equity / Debt / Other
Preferred Mode of Investment: Joint Venture / Angel Investor 

IN THIS ISSUE
Opportunity Spotlight

 

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Contact BelizeINVEST, a Unit of BELTRAIDE, for more details.
14 Orchid Garden Street
City of Belmopan, Belize
Phone: +501-822-3737 / 0175
Email: investment@belizeinvest.org.bz
Skype: belizeinvest