NEW PM SIGNS MOA FOR EC $2 BILLION PROJECT Sunday 15th June 2014
Prime Minister Gaston Browne and director of Yida International Investment Antigua Limited Yida Zhang sign the memorandum of agreement at the Prime Minister's Office
After an 8-hourlong negotiation session on Saturday, June 14th a mere one day after taking office, Prime Minister Gaston Browne has signed a memorandum of agreement (MoA) with Yida International Investment Antigua Ltd, paving the way for a two-billion dollar investment project in Antigua and Barbuda.
The MoA, which binds Yida to the investment, will result in Guiana Island and surrounding lands transformed with the construction of five five-star hotels, 1,300 residential units, a casino and conference centre, a 27-hole golf course, marina and landing facilities and a commercial, retail and sports facility.
Yida is expected to invest over $200 million annually in the Antigua and Barbuda economy over the next ten years, as well as provide an Antigua and Barbuda presence in China to attract additional economically viable investments.
Read full article on this investment on the Antigua & Barbuda Government website.
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