This is good news. Antigua recently held elections and a new PM
was elected the Honourable Gaston Brown. Mr Brown has signed the
Memorandum of Agreement for the development of Guiana Island to Yida.
The agreement by the Antigua government to allow the construction of a
five five-star hotel will enable Grant Thornton to proceed with the sale
to Guiana Island to Yida who will be keen to develop the island.....And
in turn provide more money to be returned to victims from the sale.
ST
JOHN’S, Antigua – One day after taking up the position of Prime
Minister, Gaston Browne has signed a Memorandum of Agreement (MOA) with
Yida International Investment Antigua Ltd to pave the way for a
two-billion dollar investment project in this twin-island-state.
According to a government press statement, the MOA emerged after an eight-hour session of negotiations on Saturday, June 14.
Yida
International is expected to invest over 200 million dollars annually
in the economy over the next 10 years, as well as provide an Antigua
& Barbuda presence in the People’s Republic of China to attract
additional economically viable investments.
PM Browne
stated, “I promised the people that my administration would bring the
type of investments to the country that will transform Antigua &
Barbuda into an economic powerhouse and I am serious about that promise.
“This Memorandum of Agreement is the result of our determination to
work in the interest of the people of the country,” he added.
Yida
investors say the initiative will see the transformation of Guiana
Island and surrounding lands via the construction of five five-star
hotels.
Thirteen hundred (1,300)
residential units, a casino, conference centre, 27-hole golf course,
marina and landing facilities, as well as a commercial, retail and
sports facility will also be built.
Attorney General
and Minister of Justice and Legal Affairs, Immigration and Labour,
Steadroy Benjamin, who witnessed the MOA, said the new Antigua &
Barbuda Labour Party (ABLP) is about delivering for the people of
Antigua & Barbuda.
Benjamin pointed out, “We were
elected convincingly by the majority of the people of the country and we
are committed to live up to our promises. One major promise is to
provide jobs. This project will ensure that we move people from
unemployed to being employed.”
During the lead up to
the 2014 election, Prime Minister Browne vowed that his administration,
when elected, would bring tangible investments that will generate much
needed economic growth for the country.
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