LONDON–(BUSINESS WIRE)–St Kitts and Nevis’ Team Unity administration – led by Prime Minister
Timothy Harris – held a signing ceremony on Thursday, March 14th.
The event was dedicated to those involved in the construction works
under the second phase of the Island Main Road Rehabilitation Project.
The purpose of the venture is to transform St Kitts’ main road network
and is expected to greatly benefit local contractors.
This comes in conjunction with undergoing work on a second cruise pier
at Port Zante, a project funded partly by the St
Kitts and Nevis Citizenship by Investment (CBI) Programme. The
construction is reportedly creating approximately 100 new jobs and will
also involve local businesses. Once completed, the pier is expected to
have capacity to host up to three world-class vessels, an inevitable
boost for the islands’ growing tourism industry.
“It is a hallmark of our government that where we can, we have welcomed
and encouraged our local contractors to participate in the public sector
infrastructure development,” said Prime Minister Timothy Harris during a
press conference in January. He also lauded the Minister of Public
Infrastructure, Ian Patches Liburd, for undertaking these projects: “He
will well be remembered as the Minister who had been most efficient and
effective in the delivery of public infrastructure in this country.”
These capital projects are part of the Government’s efforts in
sustainable growth which aims to support infrastructural development on
the islands. Aligned with them is the newest investment channel under
the country’s CBI Programme, called the Sustainable Growth Fund (SGF).
It helps global investors and their families gain second citizenship by
means of a monetary contribution to a government-held fund, which then
bolsters the islands’ socio-economic advancement. The SGF attracts
investors by providing a more
straightforward and efficient route to St Kitts and Nevis’ citizenship.
Since 1984, the twin-island nation has been a world leader in the
economic citizenship industry and has come to be recognised as the Platinum
Standard CBI Programme. St Kitts and Nevis recently introduced
additional security measures as part of the due diligence process that
all applicants must pass before being approved under the CBI Programme.
CS Global Partners is the international legal advisory mandated by
the Government to promote the Citizenship by Investment Programme