LONDON–(BUSINESS WIRE)–Earlier this month, Prime Minister Timothy Harris along with several
cabinet members visited the Port Zante construction site where a second
cruise pier is anticipated to be completed in a few months. The
US$48-million project is designed to host two of the largest world-class
vessels.
PM Harris was joined by the Minister of Tourism, Lindsay Grant, and
Minister of Public Infrastructure, Ian Patches Liburd. The ministers
expressed the importance of the project in empowering the people of St
Kitts and Nevis particularly within the small business sector. The Prime
Minister equally highlighted how the level of investments, all sourced
locally, demonstrated the economic health of the islands.
In his double capacity as the Minister of Finance, Premier Harris
underlined the opportunities that will become available once the port is
completed in September: “This is about empowering our people. When we
begin to look at the other add-on port facilities that will be here –
the provision that will be made for taxis and the provisions that will
be made for new business persons to have a space and to participate – we
are talking about an enlargement of the economic opportunities and
freedoms within St. Kitts and Nevis.”
Funding for the large-scale project derived solely from the islands,
with investments generated from the St Kitts-Nevis-Anguilla National
Bank, the St Kitts and Nevis Social Security Board, the St Kitts and
Nevis Trading and Development Company, and from the successful St
Kitts and Nevis Citizenship by Investment (CBI) Programme. The CBI
Programme has been pivotal in transforming the lives of its citizens,
both abroad and at home. The initiative enables foreign investors and
their families to obtain second citizenship through a contribution to
the country’s national advancement. Successful applicants acquire access
to a variety of benefits, including visa-free and visa-on-arrival travel
to nearly 160 destinations. The investments made are channelled into
various public and private sectors unrestricted to healthcare,
education, infrastructural developments, tourism and more. St Kitts and
Nevis offers the world’s longest-standing programme of its kind and has
come to be recognised as a Platinum Standard brand of CBI.
CS Global Partners is the international legal advisory mandated by
the Government to promote the Citizenship by Investment Programme
worldwide.
Contacts
Paul Singh
[email protected]
+(44)2073184343
www.csglobalpartners.com
