Blue Coral Limited was established as a special purpose vehicle to revitalize the city center of Castries, Saint Lucia. It emerged from a partnership between the National Insurance Corporation (NIC) and the Bank of Saint Lucia, with government support to enhance commercial spaces. The company focuses on redevelopment and modernization, providing high-quality office and retail spaces to boost economic activity. Governance is handled by a five-member Board of Directors, including representatives from key stakeholders. The initiative aligns with Saint Lucia’s vision to become a premier shopping destination in the Eastern Caribbean. Blue Coral Limited encourages business participation, particularly in tourism-related commercial activities. The public will have opportunities to invest, supporting the government’s goal of shareholder democracy. Ultimately, the company plays a vital role in urban renewal and economic growth in Saint Lucia.
