Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Antigua-Barbuda signs US$120 million luxury hotel joint venture
Published on July 22, 2014 Email To Friend    Print Version

Prime Minister Gaston Browne (L) with Sheikh Tariq bin Faisal Al Qassemi

By Caribbean News Now contributor

ST JOHN’S, Antigua -- On Sunday, Antigua and Barbuda Prime Minister Gaston Browne signed a memorandum of agreement (MOA) with Sheikh Tariq bin Faisal Al Qassemi, a member of the ruling family of Sharjah in the United Arab Emirates (UAE), for a luxury hotel project valued at US$120 million.

The sheikh signed the MOA on behalf of Al Caribi Development Ltd, the company that will develop a five star branded luxury resort at Morris Bay. The new resort will occupy 36 acres of prime beachfront property, five acres of which will be developed into a public national park facility for the use of Antiguans and Barbudans, and visiting tourists who wish to swim on the magnificent beach.

The development will be carried out by a joint venture company; however, should the company fail to perform in a specified period, Browne insisted that the land, which forms a part of the government’s contribution, reverts automatically back to the government.

“This safeguard is intended to ensure that no long drawn-out court procedure is required to settle any complications resulting from non-performance,” the prime minister said.

Nonetheless, the first phase of the project is expected to break ground in six months or less, following the granting of licences and the completion of architectural renderings, approved by the relevant Antigua and Barbuda authorities. Additional phases of the development will be determined by Al Caribi Development, in consultation with the government.
Reads: 10415

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

Other Headlines:

Regional Sports: