YIDA to build medical school, hotel and financial centre at Crabbs special economic zone

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Yida Zhang signs Million dollar agreement with Investment Company

 

Prime Minister the Hon. Gaston Browne on Wednesday witnessed the signing of a Memorandum of Agreement between Yida International Investment Antigua Limited and Western Imperial Capital Limited.

 

The MOA is for the establishment of an offshore medical university, a hotel, and a financial centre on 100 acres of land in the special economic zone situated at Crabbs.

 

The MoA was signed by Mr. Yida Zhang of Yida International Investment Antigua Limited and Mr. vijender Singh, CEO of Western Imperial Capital Limited and Mr. Charit Mathur, Director of Western Imperial Capital.

 

Western Imperial Capital Limited said that it is committed to spending over $100 million US dollars over a period of two years.

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6 COMMENTS

    • I agree!!! They love to mention these things and nothing ever happens. Its a ploy to keep people thinking that a lot is happening, when nothing is happening.

  2. And I have some ocean front property to sell in ALL SAINTS.By the way.Why is Gaston Browne a witness.When this is not a Government Project.Is he the PR for Yida?Yida has an issue with a Real Estate Company in Antigua.He did not pay the commission to that Company. Why Yida does not finish the things he started.Instead of signing of expansion.Knowing fully well them nar go no way farward.Another photo op.

  3. Take a good look at the people who say they will be building medical university, hotel and financial center to benifit who? sure not us Antiguans & Barbudans.
    Look at the individual who is witnessing the contract signing the same man that is selling out his country and people. The man that
    Did not arrive from old money but from the time he entered into politics/ Minster over night became multimillionaire.
    Again ask yourself where and how he acquired such sum of money.

  4. Will there be any restrictions on ANTIGUANS entering this “special economic zone”? Well????? There better not be.

  5. So…. Earlier this year (2021) Mr Yida confessed he had no access to the billion USD the PM talked about since day one in office when his first official act was the Yida Chinese stand-alone special economic zone groundbreaking.(2014).

    Mr. Yida said he was seeking investors earlier this year as to date, little has happened in 6+ years except the degradation of pristine coastal lands & marine environments & photo opportunities when elections get close.

    Now, a few short weeks later, an Indian Investment Group, Western Imperial Capital, LTD. appears (with no apparent internet presence – Imperial Capital Group have a Toronto HQ not same company)
    Vijender Singh CEO may be an Indian professional boxer or in cohort 2022 at Indian Institute of Management in Ranchi, India.
    Charit Mathur -Director, appears to own Saraswati Educational Institutes in Lucknow India but no acknowledgement of his role in Western Imperial Capital online.
    OR the men involved in the Antigua sweet deal may be neither of the above!

    Presumably the relevant authorities attached to the Ministry of Trade, Ministry of Finance & AG have done due diligence and are confident this is a bona fide, well capitalized entity before granting them rights to invest in /operate in Antigua…. Unless A&B has no say as they will be operating in a ‘separate state’.

    PM
    1.What concessions/ tax breaks have been granted/offered by you / your cabinet?

    2.Why was this PRIVATE business transaction held in the Office of the Prime Minister?

    3.Why did you witness this private MOA on behalf of this Nations citizens?

    4.Who has gained ‘enrichment” from facilitating this private agreement?

    On 31 March, the PM was quick to state Mr Yida has ‘renounced Chinese citizenship and is now 100% Antiguan’ (implying we need to cut him a break & treat him as a brother)
    The rapid change of circumstances appears odd –
    A supposed Chinese billionaire with no access to funds because of covid (his words earlier this year) …
    Is Mr Yida a fugitive? (Let’s not have another Choksi)
    Is Mr. Yida a strategic plant by the PRC?

    We can’t get excited until we understand clearly what is going on.
    Thank you.

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