UAE investor to develop $120M hotel in Antigua

A UAE investor and member of the Ruling Family of Sharjah has inked a deal with the government of Antigua to develop a luxury resort on the Caribbean island of Antigua, reports Hotelier Middle East.

Sheikh Tariq bin Faisal Al Qassimi, who is also chairman of developer Enshaa, signed a MOA with Prime Minister Gaston Browne for the $120-million project.

The new resort in Morris Bay will occupy 36 acres of prime beachfront lands, five acres of which will be developed into a public National Park facility.

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The first phase of the project is expected to break ground within the next six months, following the granting of licences and the completion of architectural renderings, approved by the relevant Antigua and Barbuda authorities.

Enshaa is currently developing Palazzo Versace Dubai, which is scheduled to open before the end of the year.

 

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