Oranjestad embarks on an exciting phase of growth, driven by substantial investments and revitalization efforts aimed at transforming the city into a thriving center for business and culture. Driven by a combination of government initiatives by the Minister of Economic Affairs, Communication and Sustainable Development, Geoffrey Wever and private sector projects, these developments are enhancing Oranjestad’s appeal to investors, entrepreneurs, and visitors alike.
Key Developments and Strategic Investments
Recent projects highlight the ongoing transformation of Oranjestad, with significant strides being made in both restoring historic buildings and modernizing the city’s infrastructure. A notable example is the transformation of the former Public Prosecution Service building into a modern student housing facility by the Fundacion Cas Pa Comunidad Arubano (FCCA). This project, with an investment of approximately 4.5 million Florins, will offer 19 student apartments and three commercial units in the heart of the city. Additionally, the recent opening of Atlas Risk Solutions’ new office in downtown Oranjestad underscores the city’s attractiveness to businesses. Founded in 1991 in Curaçao, Atlas Risk Solutions has grown into a leading insurance broker and risk management firm across the Dutch Caribbean.
Breathing New Life into Oranjestad
Revitalizing Oranjestad is a collective effort, with numerous projects focused on restoring and repurposing historic structures. Renovations of buildings now housing the Aruba Fair Trade Authority (AFTA) and Free Zone Aruba (FZA) are already contributing to the city’s economic activity. Ongoing improvements at Cas Veneranda, soon to be the new Department of Economic Affairs, Commerce and Industry (DEACI) office, and infrastructure enhancements like the facelift of Wilhelminastraat, expanded parking, and new charging stations, are designed to make Oranjestad a welcoming hub for business, residents, and visitors.
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Oranjestad’s ongoing transformation presents a wealth of opportunities for prospective investors. With several empty buildings still available, there is significant potential to transform these into vibrant retail or culinary destinations. The collective commitment of the Ministry of Economic Affairs, private sector, and local organizations like the FCCA ensures that Oranjestad is not only restoring its past but also building a dynamic future as a center of activity, culture, and commerce. Investors interested in exploring opportunities in Oranjestad are encouraged to contact us for detailed information and guidance on how to become part of this exciting new chapter in the city’s development.
