Investments

Aruba in $230 million tourist drive

Bank Of America Investment The Aruba Tourism Authority, together with its private sector partners, is forging ahead in 2006 with major investments in its tourism product totaling over $230 million.

In Wisconsin, however, where venture capital firms are all towards the end of their investment cycles, there was no significant investment activity for the third quarter. Overall, Midwestern states saw investments of $144 million, up from $119 million in the second quarter, with Minnesota and Missouri leading the way. Michigan surged to third place for the quarter driven by a single firm that raised $30 million. Overall, Minnesota, Ohio and Missouri continued to lead the region for investments in 2005.

Investment Opportunity Expansions and renovations encompass virtually every sector of the travel industry, from the airport and cruise terminal to hotels, spas and restaurants.

Throughout the year, the tourist economy rose to $153 million, up $17 million from the previous year. Myanmar has 596 hotels, motels and guest houses providing a total of over 18, 500 rooms. While the number of travel agencies in operation is over 500. Official figures reveal foreign investment in the tourism sector has so far amounted to one billion dollars, $580 million of this total is in hotel investment.

Banc Of America Investment The island of Aruba is making significant investments in economic development across the island, said Minister of Tourism and Transportation Edison Briesen. The $230 million flowing into tourism is indicative of the strength of this market and the islands dedication to serving our visitors and enhancing the guest experience. We are poised for an increase in both tourism numbers and revenue in 2006.

Research by the Caribbean Tourism Organisation (CTO) shows that tourist arrivals in the Caribbean rose 7% in 2004 reaching 21.6 million, despite the weather conditions of last September. This includes a 16% increase of UK visitors to Aruba and a 22% increase to Jamaica. During this period, the region also saw a 13% increase in cruise ship passengers worldwide reaching 20.5 million.

Banking Investment Significant investment and expansion, to the tune of over $34 million, is underway at Queen Beatrix International Airport . The airports growth plan includes the installation of elevators to make the facility more accessible for disabled travelers, the addition of a new central security area, updated signage, free luggage carts and more. The improvements are well-timed as many carriers, including American Airlines, Continental Airlines, Delta Song, United Airlines, US Airways, have recently expanded service to the island. Aruba is also planning changes at the cruise ship terminal, which will be expanded.

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Investment Solution Strategic The Government of Aruba is investing approximately $16 million in the creation of the largest linear park in the Caribbean, stretching 10 miles from Arubas Queen Beatrix International Airport to the end of the high-rise hotel corridor. The new landscaping will include green areas, walking and bike paths, designed to enhance the ocean view along this much-traveled stretch from airport to hotels.

The Gold Coast attracts millions of tourists each year, but our location at the southern end means the beaches are crowd free most of the time.

Investment Banking Services Other areas of the island, such as Baby Beach, on the east end, and downtown Oranjestad, the islands capital, are undergoing development and upgrades. One of the most visible sectors of change is among the islands hotels and resorts, where over $180 million has been invested in major renovation and expansions spanning 2005 through 2007.

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