$3.7B budgeted to support development of Orange Economy

A total of $3.7 billion has been budgeted this year to support the development of the orange economy, Finance Minister Dr Ashni Singh has announced.

He disclosed that eight key areas have been identified for development: Cultural Heritage Tourism, Gastronomy, Literary, Visual and Performing Arts, Film, Fashion and Festivals.

He also outlined that the government has already engaged hundreds of local artistes as part of its commitment to place culture and the arts at the heart of national development.

He reminded that last year, the government operationalised the Port Mourant recording studio and began construction of three additional studios in Bayroc, Reliance and Uitvlugt, which are expected to be completed this year.

Additionally, he said this year, the government will advance works on the state-of-the-art museum and art gallery as well as the Palmyra Cultural Market, for which $1.3 billion is budgeted.