by Phillip Morton, Investors Offshore.com 28 December 2011
Caribbean territory Saint Kitts and Nevis has announced that new construction projects, to build a mega-yacht marina, and a world-class private jet terminal, will be concluded during 2012 alongside other projects to market the islands to high-net-worth visitors and holidaymakers.
The territory's Prime Minister and Finance Minister, Denzil Douglas said work is ongoing towards the federation's mega yacht marina at the South East Peninsula, which is expected to host its first vessels in 2012.
"Development is also now progressing at Kittitian Hill, with construction underway on the golf course and 36 resort cottages and ten villas. It is anticipated that Phase One, which is the opening of a ninety-room hotel, spa and golf resort will take place in December 2012," Douglas said. Phase Two of the Silver Reef luxury apartment complex is also to be completed by June of 2012.