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

New Dominica development agreement raises due diligence issues
Published on February 24, 2014 Email To Friend    Print Version

Range Development's Mohammed Asaria (L) and Prime Minister Roosevelt Skerrit, who welcomed the signing of the MOU as the first under the investment arm of Dominica’s economic citizenship programme

By Caribbean News Now contributor

ROSEAU, Dominica -- A recent announcement by the government of Dominica that it has signed a memorandum of understanding (MOU) with a company called Range Developments for the construction of a high-end luxury hotel in the north of the island has again called into question the extent of the due diligence actually carried out by Caribbean governments before entertaining, let alone signing such development agreements.

According to Roosevelt Skerrit, Dominica’s prime minister and minister of finance, the MOU was the first to be signed under the investment arm of the country’s economic citizenship programme.

Since 2012, the Range companies have been operating around the world under the apparently unincorporated pseudonym of Range Holdings, claiming to be based in Dubai. However, only one of the Range companies – Range Hospitality – appears to do any business in Dubai, where it is licensed as a real estate broker.

This may be confirmed by means of a simple check using the e-Services page of the official website of the Department of Economic Development in Dubai, which confirms that Range Hospitality is licensed as a "Real Estate buying & selling Brokerage" and there are no registered or licensed trade names under Range Developments or Range Holdings.

Range Hospitality: Licensed In Dubai as a real estate broker


There are no trade names registered or licensed in Dubai under Range Developments or Range Holdings

The initial concept promoted by the two principals of Range, Mohammed Asaria and Munaf Ali, was to build a hotel for religious pilgrims and their flagship project by another group company Range Hospitality was "The Range-Karbala", which was to be constructed as five-star hotel residences in Karbala, Iraq.

Range Hospitality sold off-plan units to Moslem pilgrims, which were scheduled to be delivered to the pilgrims/timeshare buyers by December 2013. However, the Range Hospitality Facebook page, which had in the past provided frequent construction progress reports, has not been updated since June 13, 2013.

In 2012, the Range group announced another project in St Kitts called Park Hyatt St Kitts at Christophe Harbour, and embarked on an extensive promotional campaign to start selling off-plan units, focusing largely on the benefits of the St Kitts and Nevis citizenship by investment programme.

According to the Range Developments website, a US$430,000 investment through its “limited partnership structure in Park Hyatt St Kitts entitles you and your family to apply for citizenship of St Kitts and Nevis.”

Meanwhile, the St Kitts and Nevis citizenship programme came under international scrutiny in November last year, when Alizeera Moghadhan, an Iranian national, reportedly told officials in Canada that he paid $1 million for a St Kitts and Nevis diplomatic passport.

A brochure published by Range Development also deals extensively with the benefits of the St Kitts and Nevis citizenship by investment programme, as well as an assertion published by the Prime Minister’s Office in St Kitts and Nevis in 2012 that “Range Hospitality … is planning to invest US$1billion in new projects in the Middle East and St Kitts over the next three to four years.”
Reads: 9991

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.


Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Enter Code

Please note that, if you are using an AT&T domain email address, e.g.,,, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T

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.

The Caribbean Writer 2014

Other Headlines:

Regional Sports: