Investor plans to spend $50m on business park at Friars Hill Road- Cabinet

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The Cabinet invited a developer, who plans to build a business park on Friars Hill Road on land currently owned by West Indies Oil Company, to share the details.

The developer has submitted his plans to DCA and they have been approved.

He will spend $50 million EC dollars in two phases.

The developer will also place solar-power panels on roof tops, and also build a car park covered with solar panels.

The business park will include a mixed-use center to include a food court, stores, banks, and an array of other businesses.

It will provide employment for at least 100 workers in the first instance and upon completion additional workers will be hired.

West Indies Oil Company will participate by providing equity in the land.

WIOC is to be listed on the eastern Caribbean Stock Exchange within 60-90 days and certainly by July 7th 2022; its stock value will likely increase.

Two years ago, the government divested itself of 10% of its 51% holdings by sale to the people of Antigua and Barbuda. The company has grown in value since.

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7 COMMENTS

  1. Not even my X gal promise me so much a tings in this short space a time. Everyday is some new Project, from some invisible investor, who go spend so much money, and then nothing.

    What about the other park U mentioned would b built by Woods Pond ? Yea the one where the crane is being used to remove water. Just promises and lies straight. I sorry for the indigenous Antiguans who jus haffa lay down and listen 2 this crap.

    Me own shares a WIOC and is like World Boss a the PR Manager. The board is silent, the CEO cant talk unless he gets permission so who really a run da place dey ? What happen when WIOC giveway/sell the land and the deal garn a gwassa.

  2. Me tired hear about new ghost investors who supposed to spend money but none-body can ever find them or them money. Just like Yida, Callaloo Cay, Paradise Found and Half Moon Bay/Replay. All chat and cyan produce nothing. Gaston is Chief ground breaker and then nothing! You nuh tired?

  3. We should have elections every year Tired ! People really need to open their eyes .

  4. Every old idea getting dust off and bring back to life because of election. Like Christmas cleaning.

  5. I have some Beach Front properties to sell in Sea View Farm,any takers. A set of sweet sounding nothings. What is the name of that $50 million Investor. Is it the Sheik? The One that “tief” are we real Beach Front Property at Morris Bay,Old Road.

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