Investments in Pensioners’ Beach, Willoughby Bay, Callalloo Quay and Halcyon Heights are being set aside for investment by Antiguans and Barbudans
17 October 2024
CABINET NOTES: The Cabinet held a discussion about enhancing domestic ownership in the Tourism sector.
While foreign direct investment (FDI) is highly-prized and sought-after, the Cabinet is of the view that citizens of Antigua and Barbuda should not be left out of the lucrative hotel sector, while they merely keep their savings in the bank collecting 2% interest.
The returns on investment from the tourism/hospitality sector are usually very profitable.
More and more nationals of Antigua and Barbuda, the Cabinet agreed, are to be encouraged to invest in the construction of luxury homes and condominiums that earn a high return annually.
Investments in Pensioners’ Beach, Willoughby Bay, Callalloo Quay and Halcyon Heights are being set aside for investment by the nationals of Antigua and Barbuda who are prepared to invest their capital.
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