The Construct Antigua Barbuda Initiative (CABI) has processed over 1,500 concession applications this year.
Since its inception, the program has become a cornerstone of Antigua and Barbuda’s development strategy, delivering substantial financial and infrastructural benefits.
Recent reports indicate that the total value of concessions granted under CABI has exceeded EC $535 million, demonstrating its profound impact on the construction sector and overall investment climate.
By providing reduced import duties and tax incentives, the initiative has attracted a wide range of participants, from local builders to international investors, fostering an environment ripe for business opportunities and infrastructural advancements.
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But how could that be?
The Pringle Puppet says there is NO CONSTRUCTION BOOM!
Everybody suffering.
No one has money even for the down payment to qualify for a mortgage to build, through CABI or otherwise.
So how could record numbers of new construction applications be the reality?
Pringle, tell us a wah gwaan?
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