Antigua and Barbuda Cabinet Expresses Concern Over Lack of Interest in Major Projects

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CABINET NOTES: The Cabinet expressed disappointment that, despite, a number of products and investment opportunities have been proposed to the public no serious interests have been received.

The Cabinet remarked that these opportunities were earmarked for local investors with all attendant concessions.

The concern about the unwillingness to take up these investment opportunities may be a manifestation of a highly investment risk averse culture.

Several initiatives has been proposed over the last 10 years, the most notable being the Fort James development plan (developed, circulated and presented at a public meeting at the Multipurpose Centre), the Willoughby Bay development project, the Shell Beach development and the Morris Bay resort development.

An investment symposium is being proposed to bring stakeholders and potential investors together in a forum to discuss investment in Antigua and Barbuda.

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2 COMMENTS

  1. Folks who want to invest you deny them the investment, waste their time, have them wait for listens for months and years, still waiting. You treat black Antiguans and Barbudans like nothing. That is why no Antiguan and Barbuda wants to risk investing while ABLP is the government. They are heartless and selfish that will tell you i cannot help you and ignore your basic request for help to open your office, when you are asking for basic help like can you please let a cop and commission make decisions timely and on the merit because these things must be submitted to a US government agency to show that I am now well-positioned to turn my idea into an existing and operating endeavor, giving me additional access to billions of dollars of funds from crime, abuse and terrorism victim funds, to employ workers, and expand my current businesses. It is ABLP’S fault people are not interested. They are not good people. You cannot get basic help from them. But their networth increase substantially yearly.

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