LOCALS ENCOURAGED TO INVEST AT WILLOUGHBY BAY

Investment opportunities await local Antiguans and Barbudans in the Willoughby Bay Development Project.

Development Commissioner, Ambassador Daven Joseph, says more locals should step forward and invest whether in the residential or commercial development prospect which will see more than 3,000 acres of land being developed.  Currently, lands in the area are on sale at an introductory price of EC$8.10 per square foot.

The Economic Recovery Committee conceptualized the $200-million dollar project as a means of boosting the country’s economy in light of the effects of the COVID- 19 pandemic.

The development will comprise of homes for bed and breakfast rentals, light manufacturing, and a locomotive trail.

Although Foreign Direct Investment is expected as the development is pitched in European and Canadian markets, the initiative is being pitched specifically at Antiguans and Barbudans.