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A Survey of Haiti’s Private Sector

A Survey of Haiti’s Private Sector

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Published by Laurette M. Backer
April 18, 2011
April 18, 2011

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Published by: Laurette M. Backer on Dec 09, 2011
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Page 1 of 12
A Survey of Haiti’s Private Sector
This survey of private sector engagement in Haiti includes descriptive listings of major businessinvestments, private sector-NGO partnerships and investment-related conferences about Haitisince 2007. The three sections include multiple items that involve partnerships with internationaldonors and investment banks. The goal is to provide an overview of donor-government-NGOactivities over the past three years. The survey was completed using reviews of publishedinvestment information, interviews with members of international finance institutions andmeetings with Haitian business leaders in Port-au-Prince. The document is not meant as acomprehensive listing, but will be regularly updated as new projects emerge and new information becomes available. It is intended as a planning tool for delegates attending the FOCALroundtable “The Private Sector and the Development of Haiti” in May 2011.Highlights-
 
Significant private international investments are being made primarily in the apparel andtourism industries.-
 
 New hotel construction to serve the international donor and business communities are themost common investment initiatives led by the domestic private sector.-
 
There is significant interest, and real investment taking place, in the creation or expansionof light industrial parks, largely anchored by firms in the apparel industry intending totake advantage of advantageous American import rules via HOPE II.-
 
Major agricultural investments for processing or storage facilities are rare. Agriculture iscurrently the domain of cooperatives and NGOs, though interest is increasing among boththe domestic private sector and the donor community.-
 
The new E-Power energy project supplying power to a Port-au-Prince industrial park andto the Haitian grid is the first major energy investment in Haiti in many years. It is alsothe most significant Haitian diaspora-led investment in the country.-
 
There have been a significant number of events and initiatives aimed at organizinginvestment in the private sector.-
 
As of March 2011, Haiti is still in the post-earthquake crisis recovery phase. New business investments unrelated to infrastructure reconstruction are primarily in initial planning phases. Successful examples of productive investments in 2011 are required for investors waiting on the sidelines to see that the crisis period has passed.-
 
 NGOs and microfinance institutions are very busy in the micro-enterprise sector andworking with farmers or artisans, though with limited resources.-
 
There appears to be a gap between the large investments of internationally connected business leaders and the micro-investments funded by micro-finance institutions. The
 
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apparent lack of investment in the middle ground should be investigated further todetermine its significance. A review of all firms nominated for the Digicel Entrepreneur awards could generate a new area of research-
 
Corporate social responsibility efforts are a priority mainly for international firms withincome centres elsewhere and are largely focused on earthquake recovery donations or onschool construction.-
 
Basic infrastructure investments in roads and building reconstruction are primarilygovernment-led (and have largely been left out of this document unless directly related toanother business investment initiative as with new industrial parks).-
 
Few new large investors have entered Haiti in the last three years. Most investments have been made by firms with existing operations in Haiti.
 
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Investments
 30 MW power plant Port-au-Prince
Sector: Energy Status: Completed Jan. 2011 Investment: $59.5 millionParticipants: 54 Haitian and Haitian-American investors led by Daniel-Gérard Rouzier (60%) andKorean East-West Power (30%).The heavy fuel oil plant is among the first private sector power plants in the country. It will make15MW available to the industrial park in which it is located and 15MW to state-owned Électricitéd'Haïti (EDH) on a 15-year power purchase agreement. The International Finance Corporation(IFC) provided $17 million.
New pier and expanded resort Labadie
Sector: Tourism Status: Completed Aug. 2009 Investment: $55 millionParticipants: Royal Caribbean.The new pier allows cruise ships to dock at the 260-acre resort of Labadie for the first time.Royal Caribbean has an exclusive lease to the government-owned property.
North Industrial Park Cap-Haïtien
Sector: Industrial Status: Signed commitment Jan.2011. Opening in 2012.Investment: $240 millionParticipants: Government of Haiti (park owner and operator); Sae-A Trading Co. Ltd (anchor tenant, $70 million for equipment and training); U.S. Government ($120 million grant for new power plant, housing, Cap-Haïtien port improvements); IDB ($50 million grant for factory shellsand infrastructure).The new 623-acre park for export businesses is targeted at creating 20,000 apparel jobs via theSae-A investment, making it Haiti’s largest employer, plus another planned 15,000 jobs fromother proposed tenants.
Terminal Varreux Redevelopment Port-au-Prince
Sector: Transport Status: Proposed March 2010 Investment:Participants: WIN Group; Santé Holding Corp; Rovirosa family.The proposed redevelopment of the private terminal includes a new port, additional jetties, a 150-acre terminal, a container and break-bulk shipping terminal and ancillary facilities, plusremediation and expansion of existing piers.
Knitted fabrics plant
Sector: Industrial Status: Proposed 2010 Investment:Participants: Wilbes Haïtien.Proposed 60 tonne per day fabric plant employing 3,000 workers.

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This survey of private sector engagement in Haiti includes descriptive listings of major business investments, private sector-NGO partnerships and investment-related conferences about Haitisince 2007. The three sections include multiple items that involve partnerships with international donors and investment banks...
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