Kingstown St. Vincent June 10,2026-The government of Saint Vincent and the Grenadines has signed a Memorandum of Understanding with Global Ports Holding (GPH), the world’s largest cruise port operator, paving the way for a major upgrade of the Kingstown Cruise Port.
The proposed 30-year concession is expected to attract between EC$225 million and EC$250 million in investment, with up to EC$75 million earmarked for the first phase of works, including terminal improvements, expanded commercial facilities and enhanced shore excursion offerings.
Prime Minister Dr. Godwin Friday said the project was necessary to modernize the country’s cruise infrastructure and improve its competitiveness within the regional tourism industry.
Tourism officials said the partnership comes as the cruise port has struggled financially, recording losses in four of the past five years, while visitor spending remains among the lowest in the OECS at an average of EC$59 per passenger.
GPH Chairman Mehmet Kutman said the company believes Saint Vincent and the Grenadines has significant growth potential and could substantially increase cruise passenger arrivals over the next five to seven years.
The agreement also includes plans for local participation through a Special Purpose Vehicle that would allow Vincentians to own up to 30% of the port operating company.
Officials said the partnership will focus on increasing visitor spending, improving the passenger experience and ensuring local communities benefit from future growth in the cruise sector.