The construction of major property development projects in Barbados in the second half of 2010, will be one of the leading factors for the Barbados economy.
Dr. Delisle Worrell, Governor of the Central Bank of Barbados disclosed that he expects a turnaround in the construction industry in the coming months which can have a rebounding impact of the economy.
Speaking in a media briefing on July 14th, 2010 which was focused on the performance of the economy over the first six months of 2010, Dr. Worrell noted that projects such as Beachlands and Four Seasons should both soon be underway.
Looking at the Four Seasons project he explained that the guarantee for that project has been given and that should boost the industry. That guarantee was US$60 million.
Simultaneously word on the start of Beachlands has been hard to come by. Sitting just outside of Holetown on the West Coast that development was projected to start construction in the second quarter of 2010. In January 2009, it was disclosed that Beachlands would bring $400 million in investment to Barbados. 
On the other hand the Central Bank Governor said, “I don’t expect that anything will happen with the newer projects like Pickerings (in St. Lucy) during the rest of this fiscal year. Those are some way ahead, but certainly Four Seasons (and) Beachlands. And some projects are already under way like the new marina next to Port St. Charles.
Meanwhile other major projects that are tourism related that should soon be opened are St. Peter’s Bay in Road View, St. Peter. Moreover key additions to South coast will be coming with the pending completion of projects such as Ocean Two in Dover Christ Church.
