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Grenada makes deal with Irish company to develop marina village
The Grenada government has signed a multi-million dollar investment agreement with an Irish-owned company that will see a marina village established on the island's south coast.
The US$120 million initiative with Century Development Limited will include the construction of a 65-room boutique hotel, 31 luxury villas, 40 two-bedroom suites, condominiums and apartments, a waterfront restaurant, sporting centre, beach club and 100 boat decks at Fort Jeudy in the capital.
According to a statement issued by the Grenada government, the project will create jobs for about 300 people and will also contribute to increasing the country's room stock.
The statement noted that the development signifies the Keith Mitchell administration's "continued effort and commitment in encouraging and facilitating private sector investment in its pursuit of economic development".
"It is Government's intention to continue encouraging these types of developments due to the positive economic impact to be realised such as an improvement of Grenada's tourism product and a reduction in the unemployment level through the creation of jobs among other benefits," it added.
Grenada's Minister of Economic Development and Planning, Minister Anthony Boatswain; the General Manager of the Grenada Industrial Development Corporation, Sonia Roden; officials of the Corporation and the project sponsors were present at the signing of the agreement.
Source: caribbean360.com
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