Basseterre, St. Kitts (CUOPM) – St. Kitts and Nevis’ Prime Minister the Right Hon. Dr. Denzil L. Douglas is satisfied with the tremendous progress made in the construction of the local headquarters and sales office for Koi Resorts and Residences.
“They started from scratch in March of this year and five months after, we are very pleased with the progress that Koi has advanced towards given the fact that Koi is one in a line of several projects that we approved at the cabinet level maybe 12 months ago in order to realise the policy economic development plan of our government,” said Prime Minister Douglas, following a tour of the construction site, just outside the Robert Llewellyn Bradshaw International Airport.
Dr. Douglas noted that Koi Resorts and Residences is a US$200 million project, approved under the Citizenship by Investment Programme.
“This is one of the projects which will be located in the Half Moon Bay, Conaree area. This is one of the projects that would be driven by the Citizenship by Investment Programme, especially in the real estate option that has been provided by this government and which has been responsible to a large extent to drive the economic recovery that we are seeing in St. Kitts and Nevis today,” said Prime Minister Douglas in an interview with the Communications Unit in the Office of the Prime Minister (CUOPM).
Dr. Douglas, who was accompanied by main contractor, Browne, Project Manager, Mr. Naeem John and Sales Associate and Office Manager, Ms. Tress-Anne Gillard, commended the developer and investors, in particular Nick Haque, who has placed tremendous confidence in the recovery of the St. Kitts and Nevis economy to mobilize US$200 million worth of investment for this particular project.
“I want to again commend all who are involved and I am told that by December of this year, this aspect of this project would be ready to provide service to the community and I can say as I speak to you now that Mr. Mujhanni of Mujhanni Construction Limited is already on the site at Half Moon, already realising the development of that resort which we hope will be delivered on time in short order,” said Prime Minister Douglas.