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Global Aruba Tenders

Aruba Tenders

Get access to latest Aruba tenders and bids. Find business opportunities and business intelligence from public and private procurement in Aruba. Find international bid invitations and information about tenders, bids, procurement, RFPs, RFQs, ICBs and detailed analysis across all sectors from Aruba.

The economy of Aruba is an open system, with tourism currently providing the largest percentage of the country's income. Because of tourism's rapid growth in the last 80 years, related industries like construction have also flourished in Aruba. Other primary industries include oil refining and storage, as well as offshore banking. Despite the island's low rainfall in the past year, the people have proven that Aruba's soil is full of nutrients and many crops do amazingly well in the soil. Many more locals have started participating more to horticulture, permaculture and agriculture. Creating a start to an internal economy. Aloe cultivation, livestock, and fishing also contribute to Aruba's economy. In addition, the country also exports art and collectibles, machinery, electrical equipment, and transport equipment. Aruba's small labor force and low unemployment rate have led to many unfilled job vacancies, despite sharp rises in wage rates in recent years.With such a large part of its economy dependent on tourism, a few political parties are striving to increase business in other sectors to protect against possible industry slumps to prevent another economic shut-down like what was experienced during 2020. Their current focus is on expanding into the cannabis and hemp industry, transitioning to a Circular Economy, creating an internal economy in the primary sector, technology, and finance.