Belize Ban On Oil Activity on All Its Waters

 In Belize Real Estate, Investing In Belize

Belize has for long been touted as the undisputed champ of Caribbean flourishing tourism industry. The island’s more than 190-km stretch of pristine coastline has always attracted millions of tourists from far and wide, raking in billions in revenue for the government coffers. So the smart move by the government to ban oil activity in all its waters comes as a huge reprieve for only the country’s thriving dive tourism sector but also the world at large.

Belize, or Ambergris Caye to be precise, sit adjacent to Belize Barrier Reef, the world’s second-largest barrier reef and a UNESCO world heritage site. With over 1,400 species of aquatic flora and fauna, including six threatened shark species and endangered species of rays, manatees, and hawksbill turtles, Belize Barrier Reef is truly a treasure. For a lack of a better word, the reef is a slice of a paradise of every ardent diver.

The bold decision by Belizean government has already raised heads across the globe. It’s a clear signal to the rest of the world to put in measures to protect the oceanic ecology. On the shallow end, the island country’s dive tourism industry is poised to be the biggest winner, but the positive impacts of the landmark legislation are far-reaching, as far afield as Guatemala, Mexico, US, and Honduras. You see, fishing and tourism are two biggest boosters for Belize economy, supporting more than 50% of island’s population – which is about 190,000 people.


World Diver’s Paradise

Ambergris Caye, Belize’s largest island, is one of the most desirable dive destinations across the world. In fact, three of the four atolls in the Caribbean sit in front this island. That is, the world’s renowned Blue Hole (highly acclaimed by the likes of explorer Jacques Cousteau), Lighthouse Reef, and Glover’s Reef — yet another world heritage site in Belize.


Move to Also Spur Real Estate Activity

But tourism and fisheries aren’t the only beneficiaries of the ban. Belize’s booming real estate sector, for one, is bound to gain more traction in the next couple of years or so. Ambergris Caye and San Pedro area have already seen an influx of Canadian and American investors and retirees looking to buy lots, beachfront properties, condos, land for sale, homes, and much more. Of course, thriving tourism, year-round warm weather, fantastic beaches, ocean views, and other island lifestyles have been the primary magnets.

Avid divers across the globe have a reason to smile, so do people looking to buy Ambergris Caye properties, land, homes, and condos. Nonetheless, leaders hope that the ban will inspire other marine-rich countries.

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