BRIDGETOWN, Barbados: Barbados is now home to Canadian-based Kitco International Ltd., one of the world’s premier retailers in precious metals.
Prime Minister David Thompson, who spoke at the official opening of the company’s offices, said the arrival of Kitco would result in the creation of 20 jobs over the next three years.
He said other employment opportunities would be created indirectly.
“Kitco’s operations in Barbados would undoubtedly help our labour-intensive tourism industry by attracting many visitors for corporate meetings, seminars and conferences,” said Thompson.
“You would recall that during the first decade of independence, Canada was one of our most dependable Commonwealth partners in development…increasing numbers of Canadian tourists regularly visited Barbados, until the mid-90s. I am, therefore, delighted to announce that the Canadians are coming back. Thanks to West Jet and Air Canada, we now have flights from Canada almost on a daily basis.”
Thompson added that Kitco’s presence would also strengthen the nation’s financial services sector, which government had been developing as one of the pillars of the local economy.
Kitco offers bullion bars and coins for investors and refining services for the jewelry manufacturing industry, as well as mill products.