Long-term perspectives on infrastructure, land, technology, and capital.
These essays reflect how we evaluate assets and make decisions as long-term owners. Many perspectives address how long-term assets should be structured to endure business cycles without compromising strategic direction.
After the World Economic Forum meeting in Panama City (21–22 October 2026), Giuseppe Cicatelli, founder of Bacalia Group and a member of the Forum’s New Champions community, tells the Panamanian daily Crítica that nautical tourism can create thousands of jobs for coastal communities through boat services, technical training and opportunities for artisanal fishers. In Puerto Rico, the six marinas of Grand Caribbean Marinas berth close to 3,000 boats and host about 50 concession businesses, a network the company estimates supports roughly 1,000 direct and indirect jobs, many in skilled trades rather than degree roles: captains, welders, electricians, divers, fishing guides and maintenance staff. He proposes technical courses in nautical trades and rules that let artisanal fishers work as guides and tourism service providers, and notes that any investment decision in Panama waits on how the nautical-tourism incentives are regulated.
After the World Economic Forum’s Country Strategy Meeting in Panama City (21–22 October 2026), Giuseppe Cicatelli, founder of Bacalia Group and a member of the Forum’s New Champions community, tells La Verdad Panamá that the four-pillar hub strategy Panama presented at the meeting (the Canal and water security, the energy transition, investment and legal certainty) leaves out nautical tourism. Panama is the only country in the Americas where a yacht can pass from the Pacific to the Caribbean in a day; with good marinas, an eight-hour transit becomes a stay of weeks, and every yacht that stays a month generates mooring, repair and local jobs, a service export spent on the coast. Because a marina can take twenty to thirty years to pay back, he calls bill 31-26 a first step and predictable permits and legible coastal concessions the second, and argues that a marina built with its coastal community lasts while one that is imposed fails, drawing on the rebuilding of Grand Caribbean Marinas in Puerto Rico after the 2017 hurricanes.
Telemetro reports on Giuseppe Cicatelli’s view that Panama can become a regional hub for nautical tourism if it treats marinas as strategic infrastructure. Discussing tourism-incentive bill 31-26, which covers nautical tourism and tourist marinas, he sets out five conditions: quality marinas on both coasts, safety and resilience standards, a nautical one-stop window for arrivals and departures, training for local technicians, and stable rules for investors. Drawing on the rebuilding of Grand Caribbean Marinas in Puerto Rico after Hurricanes Irma and María, he stresses restoring the services and suppliers around the docks and including coastal communities. The article announces no investment in Panama.
In an opinion column for the Panamanian daily Metro Libre, Giuseppe Cicatelli explains how he judges financial innovation: not by the interface, but by what the client actually owns and who stands behind the obligation. He looks at stablecoin payment rails, tokenised securities, perpetual futures, AI agents that pay and prediction markets, asking whether each one improves the whole transaction or simply relabels an existing risk. The column is an abridged Spanish version of his Block Telegraph essay on the financial revolution beyond fintech.
International Boat Industry, the global marine-industry trade title of Boat International Media, reports that Grand Caribbean Marinas, part of Bacalia Group, has invested about US$50 million in Puerto Rico since hurricanes Irma and María in 2017. Giuseppe Cicatelli tells IBI that the real goal was not only to rebuild the marinas but to build a thriving nautical economy for local businesses. The report carries the rebuilding story first detailed by News is my Business to an international boating-industry readership.
Panorama Económico Panamá reports on Bacalia Group’s investment in Tierras Altas, Chiriquí. Giuseppe Cicatelli discusses the region’s climate, agricultural heritage and appeal to international residents, alongside the need for infrastructure and development that benefits local communities. The article does not disclose investment amounts or project timelines.
Destino Panamá reports on Bacalia Group’s long-term approach to land in the Tierras Altas district of Chiriquí. Giuseppe Cicatelli describes land as an asset to be enabled with roads, access and basic infrastructure so it can support productive activity for decades, rather than held for speculation. He connects the strategy to his 2019 column “La Antioquia panameña”, argues that Panama needs development hubs outside the capital, and says an investment only works if local producers, workers and families benefit. The article does not disclose investment amounts or timelines.
Published in Forbes Business Council. Giuseppe Cicatelli argues that scarce waterfront, high barriers to entry and recurring revenue can justify treating coordinated marina networks as infrastructure, provided owners manage maintenance, resilience, insurance and regulatory risk.
Published in Entrepreneur. Giuseppe Cicatelli explains why he is investing in the infrastructure and inference layer of AI rather than in applications.
Published in Block Telegraph. Giuseppe Cicatelli examines how stablecoin payment rails, tokenized securities, perpetual derivatives, AI agents and prediction markets are making finance more continuous and programmable — and why clear ownership, resilience under stress and real safeguards will determine which innovations endure.
Published in Luxury Miami Magazine. Giuseppe Cicatelli argues that Argentina's stabilization should be judged by whether it builds lasting confidence for people and businesses, pointing to opportunities in energy, mining, infrastructure and finance that depend on durable institutions and the practical delivery of announced projects.
Published in Investor Lifestyle (in Spanish). Matias Morales profiles Giuseppe Cicatelli's patient-capital approach to real assets and productivity-enhancing technologies, including Bacalia Group's six marinas in Fajardo and his view of Puerto Rico as part of the U.S. market.
Published in CEO Official Magazine. The profile covers Bacalia Group's Puerto Rico portfolio — marinas, parking, hotel and medical-office properties — along with post-hurricane operations, local teams, and the long-term thinking behind Giuseppe Cicatelli's investment approach.
Published in High Net Worth Magazine. The profile examines Giuseppe Cicatelli's family-office approach to scarce assets, including docks and marinas, parking facilities, AI compute, and quantum-technology investments.
Published in Grit Daily. In a written Q&A, Giuseppe Cicatelli discusses how education, talent retention, tourism, technology and infrastructure can help Puerto Rico build a more productive economy.
Published in Financial Tech Times. A written Q&A on the commercial milestones and investment discipline behind AI, energy, space manufacturing, photonic quantum computing and brain–computer interfaces.
Published in Transit Tomorrow. A perspective on coastal infrastructure after Irma and María, connecting engineering, energy continuity, insurance and operational preparedness with long-term marina resilience.
Company announcement distributed through ACCESS Newswire. Grand Caribbean Marinas reports progress on the floating wave attenuator at Marina Puerto Chico's Docks A1 and A2, supporting coastal resilience and Puerto Rico's marine economy.
Published in Entrepreneur. How crisis can create entry points into durable real assets for investors prepared to operate with patience, local commitment, and long-term conviction.
Published in Forbes Business Council. Giuseppe Cicatelli argues that with debt-driven growth constrained by monetary debasement and demographic aging, funding technologies that raise productivity — AI, automation, robotics and cloud infrastructure — is the remaining path to sustainable GDP expansion.
The compounding value of stewarded land across generations.
Why Polymarket and Kalshi represent a new category of information infrastructure with structural advantages over traditional forecasting.
Why self-driving trucks address a structural driver shortage and generate durable value as applied infrastructure.
Why Cerebras Systems and Groq represent foundational infrastructure for the artificial intelligence economy.
How the humble parking facility is being redefined as a dynamic intersection of logistics, energy, and connectivity.
Company announcement distributed through GlobeNewswire. Bacalia Group is selected to join the World Economic Forum's New Champions Community. Giuseppe Cicatelli explains why sustainability and social responsibility are essential for scalable, long-term businesses, highlighting Grand Caribbean Marinas and GrowthX Farms' work in controlled-environment agriculture.
Why diversification is the enemy of exceptional returns in permanent capital.
Why marinas represent foundational infrastructure with multi-century durability.
Published in Southern Boating & Yachting. Grand Caribbean Marinas, part of Bacalia Group, completes the acquisition of Villa Marina in Fajardo, bringing the network to more than 2,200 wet-slip and dry-storage spaces. Giuseppe Cicatelli discusses the rebranding as Renaissance Villa Marina and planned upgrades to dry stack, yacht service and security.
Why the best returns accrue to capital that can wait.
Published in Forbes México (in Spanish) as a Forbes Advertorial. Marking Bacalia Group's first decade, Giuseppe Cicatelli describes the group's long-term approach to real-economy assets — marinas, hydroponic agriculture, parking, a medical clinic and real estate — and its plans to keep expanding in Panama and Puerto Rico.
Published in The Weekly Journal. Giuseppe Cicatelli discusses Bacalia Group's investments in Puerto Rico since 2014 — marinas in the Fajardo area, a hotel, a medical center and parking facilities — and why he sees nautical tourism as a major opportunity for the island.
Published in El Nuevo Día (in Spanish). Dennis Costa reports on Bacalia Group's plan to double its investments in Puerto Rico, where the firm — with offices on the island and in Panama — owns several marinas in Fajardo among other properties.
In this 2019 opinion column for El Vocero, Giuseppe Cicatelli argues that Puerto Rico’s long-term economic opportunity depends on retaining and attracting talent. He connects education, entrepreneurship, tourism and investment with the island’s human capital. This archive entry preserves the original date; references to policies and economic conditions reflect the article’s historical context.
Published in Forbes México (in Spanish). Giuseppe Cicatelli argues that Panama's investment-led growth model must diversify through human capital, productivity and regulation that attracts talent, and sees World Youth Day as an opportunity to promote Panama as a destination for tourism, business and life.