Green Light for WTC Gibraltar to Break Ground

GIBRALTAR, U.K. - World Trade Center Gibraltar will also act as a catalyst for attracting digital business, being the only office development in the territory directly connected to the new Europe-India undersea fibre-optic cable which gives 100GB bandwidth and data transfer speeds of 3.2TB per second. This will allow trading on the major stock exchanges in milliseconds, vital for companies dedicated to trading stocks and bonds.
“No one locally can compete,” finishes Burgess. “We’re just nine minutes from Gibraltar’s new £65m international airport terminal and the border with Spain, four minutes from the town centre and only one minute from the bars and restaurants of Ocean Village Marina, now home to the world’s first five star yacht hotel – Sunborn Gibraltar. It’s little wonder contracts have already been issued to our anchor tenant and negotiations are ongoing for a ‘big five’ accountancy firm and a New York securities trader.”

Over the last five years Gibraltar’s economy has flourished. Its GDP is estimated to have grown by 35% in the past ten years, 7.8% in 2012/2013 alone, and is ranked in the top 20 for growth globally. Shipping, financial services, tourism, and more recently, online gaming (28 e-gaming firms now account for 20% of Gibraltar’s GDP), form the keystones. The 6.8km² territory enjoys a legal system based on UK common law, low business-friendly taxation, no CGT nor VAT, little red tape, EU membership and regulation, OECD White List status, a strategic geographic position, English language, Latin flavour and year-round sunshine.

For more information on this article, please contact Pete Burgess, WTC Gibraltar, at pete@worldtradecenter.gi.