The Cabinet invited a three-person team consisting of a Barbudan entrepreneur and two investors who are planning to develop a tourism project on several acres of land in Barbuda.
The luxury hospitality resort will consist of 60 rooms and six villas, and will not use concrete but will nevertheless be built to withstand Category 5 hurricanes.
The team presented a power-point collection of graphs, architectural renderings, and landscapes showing their eco-friendly hospitality resort that is expected to be built near Two-Foot Bay.
It will be aimed at attracting high-income customers. They will invest more than US$200 million, will start construction before the end of 2025, and will be open for receiving guests by 2029 or in four years.
The Cabinet received the presentation with thanks, and expressed delight at having yet another high-end investment project on Barbuda.
