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Promising sectors

Diversification is making the economy of Aruba more resilient. New economic sectors will help Aruba to diversify its economy.

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Diversification of the economy of Aruba

In May 2018, stakeholders came together to discuss the meaning of diversification for Aruba. The discussions resulted in the six Promising Sectors being able to develop and diversify the economy of Aruba. The COVID-19 pandemic made it even more urgent to diversify the economy to become less dependent on external factors, to mitigate risks and to strengthen the economy internally by increasing production.

Key sectors and subsectors

The sectors vary in terms of technological depth but include six promising sectors: tourism, knowledge economy, agriculture, logistics, circular economy and creative industry. Below are the key sectors and their subsectors:

For more information about the promising sectors, visit www.arina.aw

Tourism

  • Cultural tourism
  • Sports tourism
  • Adventure tourism
  • Medical tourism

Knowledge economy

  • Solar energy
  • Higher education
  • Ocean technology
  • ICT, Island-based solutions, such as exportation

Agriculture

  • Local organic food production

Logistics

  • Maritime services
  • Airline services
  • Port hub (“FZA”)
  • High-value goods storage
  • Tugboat

Circular economy

  • Waste to energy
  • Seawater industries
  • Reuse of waste

Creative industry

  • Art & music
  • Graphic design
  • Photography
  • Web design
  • Art studios
  • Fashion
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