Prime minister, Roosevelt Skerrit, has announced that the contract signing for a major hotel project for the north of the island will be signed next week.
The agreement will be signed under the Citizenship by Investment Program, he told the radio program, “Focus on government and development” on Thursday night.
“Next week we will be signing the final agreement with Range for the construction of 120 rooms in the Cabrits area,” he stated. “We will sign the agreement under the citizenship by investment program.”
The prime minister said the project will provide jobs for Dominicans.
“You can appreciate the number of jobs that it would create in itself in the economy for the citizens of Dominica,” he stated.
He pointed out that the government is doing everything it can to attract investments.
“We are doing everything possible to attract the investment, to make funding available, to continue expanding our public sector investment program, whether it is in agriculture, whether it is in education, whether it is in infrastructure we are in fact doing that,” he noted.
In February 2014, the government announced that it had signed a Memorandum of Understanding (MOU) with Range Developments Limited for the construction the 75 to 125-room, high-end luxury brand hotel.
The MOU was signed between the government and Mohammed Asaria, Vice Chairman of Range Developments.
International luxury hotel brand, Kempinski, has partnered with Range Developments in the venture.
Kempinski was founded in Germany in 1897 and currently operates over 70 high-end luxury hotels in 30 countries across the globe.
Meanwhile, Skerrit said the government is in discussion with a company for the exportation of bulk and bottled water and the architects for the construction of an indoor sporting facility in Stockfarm are here in Dominica.
“Incidentally the architects are here on the island to engage stakeholders with regards to design of the indoor facility,” he stated.
He noted that funding for major projects on the island has been secured.
“We told you we were going to build a hospital, we know where the money is coming from,” Skerrit stated. “We told you we will be doing the Roseau Enhancement Project, we know where the money is gonna come from. We told you we will be doing an indoor sporting facility at Stockfarm, we know where the money is coming from. We are doing a coffee plant, the coffee plant is basically completed, we know where the money is gonna come from.”