A defining moment for regional private sector

THE Caricom Private Sector Organisation (CPSO) has congratulated the Sandals Resorts and Beaches Resorts team, led by Executive Chairman Adam Stewart, on the announcement of a landmark partnership with Royal Caribbean Group under which the global vacation company will make a 50 per cent investment in the all-inclusive resort enterprise, valued at approximately US$3 billion and which is expected to be finished in early 2027, subject to customary approvals.

According to the CPSO, this transaction, which implies a valuation of some US$6 billion for a company conceived, built and headquartered in the Caribbean, is a defining moment for the regional private sector.

In a media release on Thursday, the CPSO said the deal affirms what it has long maintained: Caricom enterprise, when permitted to scale across the single market and economy, can command a place among the foremost names in global business.