During his recent 2018 Budget Address, Dominica’s Prime Minister Roosevelt Skerrit announced the crucial role the Citizenship by Investment (CBI) Programme plays in improving the lives of this Caribbean nation.
According to PM Skerrit, the CBI Programme is estimated to bring an extra EC$406.6 million to the country’s revenues in the coming year. One of the new directions the funds are used for is an ambitious Housing and Resettlement project to address the standard of living of the locals post-Maria. 5000 homes are planned to be built under the CBI Programme, with the first 1000 already contracted for construction.
The homes are designed to withstand seismic events and Category 5 hurricanes, in line with Dominica’s innovative efforts to become the world’s first climate resilient nation.
The tourism sector is seeing a major boost, with the development of the world-class CBI-funded hotels making significant progress and opening hundreds of permanent job opportunities for the people of Dominica.
CABRITTS RESORT KEMPINSKI
with over 450 construction workers, all major structural works have been completed. The hotel will add 161 rooms to the current stock and is expected to officially open by fall 2019
http://rangedominica.com/
JUNGLE BAY VILLAS
The well-known resort & spa is reporting steady progress with 30 villas scheduled to open by February 2019. The full project will be completed in December 2019 and will create 100 permanent jobs;
ANICHI RESORT
The 128-room Marriott development is advancing speedily, with five blocks currently under construction and prospects to employ up to 280 citizens;
TRANQUILITY BEACH
The Hilton Curio development starts construction in October 2018. Mobilisation of equipment and machinery has begun and housing and for staff and management has been sourced.
A nice video posted by Dominica government on construction updates can be viewed below
https://www.facebook.com/SupportRooseveltSkerrit/videos/1207149122760273/
Please visit the official government website at http://cbiu.gov.dm
Source/Credit: BLS Media
