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China to spend Sh88 billion on huge Caribbean resort

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Chinese investors are to plunge more than $1 billion (Sh88 billion) into developing Antigua and Barbuda's first mega-resort, creating 1,000 jobs for the tiny cash-strapped nation. Construction on the mammoth 1,600-acre multi-hotel, residential and commercial project is slated to begin early next year. The 'Singulari' scheme – 50 per cent bigger than the regionally-heralded Baha Mar resort under way in the Bahamas – is being lauded as a major feather in the East Caribbean country's tourism cap. Spanning 900 acres of land in the north of Antigua and 700 acres of tiny islands, it will include...

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