Saint Vincent and the Grenadines is preparing to take a major step toward modernising its cruise tourism industry, with a long-term port agreement with Global Ports Holding scheduled for signing on Monday, October 26.

Tourism Minister Dr. Kishore Shallow announced the planned signing in Parliament, saying the agreement would give the world’s largest cruise port operator a 30-year concession to oversee cruise port operations and support long-term development. The partnership is expected to involve up to EC$250 million in phased investment, building on an earlier memorandum of understanding.

The proposed investment would help modernise the Kingstown Cruise Terminal and strengthen the country’s capacity to accommodate larger cruise ships. Existing facilities face limitations as international cruise lines deploy increasingly large vessels, creating pressure to upgrade infrastructure and improve the visitor experience.

The government expects cruise activity to increase during the 2026–2027 season, with projections of 355 ship calls and approximately 344,000 passengers. If those projections materialise, the added visitor traffic could create opportunities for taxi operators, tour guides, local vendors, restaurants, retailers and excursion providers.

Officials say the goal is not simply to attract more ships, but to ensure that more tourism spending reaches Vincentian businesses and workers. The government has also outlined plans to improve the country’s tourism product, strengthen destination branding and promote authentic local experiences.

Further details of the agreement are expected from Prime Minister Dr. Godwin Friday following the scheduled signing.

For Kingstown and the wider tourism economy, the proposed partnership could become a major turning point provided infrastructure investment translates into stronger local business opportunities and sustainable visitor growth.