Despite of a locally unpopular referendum outcome released, last June, the business society of Gibraltar is striving forward. Recent studies reveal that 90% of Gibraltar’s business and services in the EU single market is conducted with the UK, thus investors on the Rock stay positive regarding economic growth.
In an era when the concept of international trade is under threat, this investment totaling in excess of €100,000,000 over several years, signifies Gibraltar’s commitment to work towards the common goal of collaboration with international partners, rather than a future of isolationism. It is hoped by the developer that World Trade Center Gibraltar will be a beacon for promoting international trade in the coming days, weeks, months and years, whilst Brexit is negotiated.
Chief Minister, Fabian Picardo said: “We are proud to be here today to inaugurate Gibraltar’s first World Trade Center. ...Brexit is not the beginning of the end of Gibraltar, it’s actually just the end of the beginning, and the arrival of this first World Trade Center is Gibraltar saying to the world: “Here we come!”’
The developer Gregory Butcher said, “It’s wonderful to see this project finally become a reality and for so many people to experience for themselves the new standard that World Trade Center Gibraltar has set. Gibraltar is a service economy and it’s imperative that we can offer the major businesses that are already here, and international businesses looking at Gibraltar as a potential jurisdiction, the kind of working environment they demand in order to stay competitive.”
Alongside a line of major international tenants that have taken space, including serviced office heavyweights, Regus, the head office for popular gaming company, Bet Victor, eminent accountancy firms such as BDO and one of the leading coffee brands, Costa Coffee, the new office building is home to a plethora of budding entrepreneurial SMEs including some of the world’s most exciting financial services innovators; these new SME occupiers can now enjoy the benefits of World Trade Center Gibraltar community, working alongside major occupiers and putting their organizations on a global footing.