Chinese investors to build Caribbean mega-resort
Chinese investors will plough up to $1 billion into Antigua and Barbuda’s first mega-resort, creating over 1,000 jobs for the Caribbean islands.
The 647-hectare multi-purpose development dubbed the ‘Singulari’ will feature hotels, condos and residential units, marinas, golf courses, an entertainment complex, a horse racing track and the largest casino in the Caribbean.
Sam Dyson, an estate agent who worked with Beijing based Yida Group International Investment Group on the transaction, said: "Singulari will provide Antigua and Barbuda with an economic boost and galvanise the destination as a tourism force to be reckoned with."
A Yida spokesman said local people would be given priority during the first phase of hiring and the project would generate added wealth for the local community for years to come.
"Over the next 10 years, Yida Group will create an additional US$2 billion of gross domestic product and economic value to Antigua, including sales of real estate, creation of new industries and origination of foreign direct investment," he said.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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