Sam Dyson

China to spend $1-bn on massive Caribbean resort

China to spend $1-bn on massive Caribbean resortChinese investors are to plunge more than US$1 billion into developing Antigua and Barbuda`s first mega-resort, creating 1,000 jobs for the tiny cash-strapped nation.

Construction on the mammoth 1,600-acre (647-hectare) multi-hotel, residential and commercial project is slated to begin early next year.

The `Singulari` scheme -- 50 per cent bigger than the regionally-heralded Baha Mar resort under way in the Bahamas -- is being lauded as a major feather in the East Caribbean country`s tourism cap.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content