Antigua inks HUGE investment with a member of the Ruling Family of Sharjah from the United Arab Emirates.
According to www.arabianbusiness.com, Al Caribi Development signed an agreement to “jointly develop” the property with the Antiguan Government.
Part of the deal includes a contribution of the five acres of current Antigua National Park land for development of the resort. The total resort size is scheduled for 36 total acres of absolute PRIME beachfront property on an island known for having 365 beaches. That’s unique in the Caribbean. On Antigua, you can visit a separate beach for each day of the year.
The project is destined for Morris Bay near the all-inclusive, luxury, Curtain Bluff Resort. As many of you know, Curtain Bluff, Antigua, is consistently ranked among the finest resorts and tennis centers in the world. With the two high end properties in one bay, that will make one hell of a destination on Antigua.
The investment of $120 million dollars in Antigua is a much needed coup after the huge loss of investment from convicted financier Sir Allen Stanford that was methodically rebuilding parts of Antigua.
This is not only a big deal for Antigua but a tremendous win for the Caribbean on the whole.