Investors Propose $150M Mega-Yacht Marina for Fort James Harbor

International investors have presented a proposal to transform the Fort James Harbor peninsula into a luxury marina and mixed-use waterfront destination, with an estimated first-phase investment of about US$150 million.

The proposal was outlined during this week’s Cabinet meeting, where investors shared plans for a large-scale development combining tourism, recreation and residential elements while preserving the historic character of the Fort James area.

Director General of Communications in the Office of the Prime Minister, Maurice Merchant, said the development team presented “an ambitious vision for the transformation of the Fort James Harbor Peninsula into a vibrant world-class waterfront community that blends heritage, tourism, recreation, and residential development while preserving the unique character of the surrounding environment.”

The first phase of the project would focus primarily on constructing a luxury mega-yacht marina.

“The first phase of the project is expected to involve the investment of approximately US$150 million,” Merchant said, adding that the marina would be capable of accommodating “no fewer than 50 mega yachts.”

Officials noted that the proposal remains at an early stage and will be subject to the government’s normal approval process, including environmental and planning reviews.

“The proposal remains at a preliminary stage and will be subject to the normal review process, including detailed assessments by the relevant technical agencies, environmental authorities, and planning bodies,” Merchant said.

The government said it remains open to investment that enhances the country’s tourism sector while safeguarding historically significant sites such as Fort James.

“The government remains committed to encouraging responsible sustainable investment that contributes to economic growth, enhances the tourism product, and protects the historical environment assets of Antigua and Barbuda,” Merchant said.

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