BDA to Promote Bermuda’s Investment Opportunities on Business Development Mission to Singapore
- News |
- Press Release
Hamilton, Bermuda, September 22, 2023 – The Bermuda Business Development Agency (BDA) has organised a business development mission to Singapore to hold multiple business development missions in and around Submarine Networks World, the world’s largest annual gathering of the global subsea communications community.
David Hart, CEO, BDA said, “Seeking out foreign direct investment in the infrastructure space is a key objective of the BDA’s strategy, as 95 percent of the world’s communications is carried on submarine cable networks. The BDA has long advocated that Bermuda’s location in the Atlantic makes us an ideal landfall and connection point for cables between the Americas, Europe and Africa and opportunities like the Submarine Network World conference dovetail with the BDA and government’s mission to build critical new infrastructure.”
Mr. Hart will be accompanied in Singapore from September 25 to 28 by Steven Rees Davies, Partner, Carey Olsen.
Mr. Rees Davies said, “Bermuda has been a key jurisdiction in the submarine network sector from both a logistical, corporate and financing perspective for decades. The recent introduction of legislation and regulation to govern and protect cable landing projects is testament to the Bermuda government’s commitment to support and facilitate the continued investment in this infrastructure as part of the global network and infrastructure that supports the wider global technology and communications industry.”
The BDA serves as a vital conduit between industry and government, as well as new market entrants and Bermuda’s quality service providers. Having just completed an overseas business development mission to Israel, these targeted missions not only allow the BDA to tell Bermuda’s story, but also puts potential prospects in touch with our comprehensive concierge service, available at email@example.com.
This business development mission forms a central component of the BDA’s Asia strategy for 2023 and aligns with the ‘Business Attraction and Investment Promotion’ strategic priority outlined in Bermuda’s Economic Development Strategy.