By 2006, the Point Lisas Industrial Estate (PLIPDECO) consisted of about 44 production facilities on 1,000 hectares of land. Some in Trinidad supports the establishment of additional estates, as well as the expansion of the business, such as aluminum, which requires large amounts of energy. The Government of Trinidad continued menu tax breaks and incentives, and substantial additional investments, as expected. Meanwhile, Hugo Chavez became president of Venezuela, and was instituted socialist, anti-American regime, which was to seize assets and rewrite contracts with foreign investors. Trinidad is similar to a favorable site investments compared with Venezuela. However, not everyone was happy. Businesses related to PLIPDECO requires a relatively small number of staff. Some in Trinidad call this reality as a "curse of oil". "Hide
by David W. Conklin, Daniel Cadieux Source: Richard Ivey School of Business Foundation 2 pages. Publication Date: April 23, 2007. Prod. #: 907M40- PDF-ENG
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