The Government of Grenada has embarked on completing the development of the Hartman Resort Grenada to the tune of US$2.9 million.
The Hartman Resort Grenada, also known as the Mt Hartman Project, was previously an investment project of United Demi Group, led by Chinese investor and Grenadian citizen Charles Liu. Along with other investors, Liu had planned to undertake the most expensive venture in Caribbean tourism that amounted to US$2 billion — surpassing the Yida mega project in Antigua.
However, in 2016 the United States Securities and Exchange Commission (SEC) issued charges against Liu for fraud after he transferred about US$18 million from investors’ accounts; the SEC also froze the Chinese investor’s assets.
At the time of the launch of the project, Prime Minister Dr Keith Mitchell revealed that United Demi Group “agreed to invest in a serious training programme to ensure they have qualified people on board.”
“There is going to be serious economic spin-off for the country whether its agriculture, tourism development all aspects in the productive sector and work for the young people,” he added then
Now, through Grenada’s Citizenship by Investment Program, the Eastern Caribbean country can expect to see the completion of the project.
According to chief executive officer of the CBI programme, Percival Clouden, the design of Hartman Resort Grenada has been updated with a new configuration. So far, the new developers have already secured the approval for the changes and work has begun, he explained.
“There is going to be serious economic spin-off for the country whether its agriculture, tourism development, all aspects in the productive sector and work for the young people.”— Dr Keith Mitchell, prime minister and minis
Clouden further outlined that construction will last 10 years, during which the project will have four phases. Currently, in the initial stages, approximately 50 Grenadians are working on the project.
The CEO also pointed out that the new developers have given their commitment to preserving the bird sanctuary and have begun engaging environmentalists to ensure there is no destruction of the sanctuary.
In addition to the bird sanctuary, Hartman Ye