Prime Minister Dr. Terrance Drew has reaffirmed strong investor confidence in St. Kitts and Nevis, emphasising his government’s commitment to bolstering the Citizenship by Investment (CBI) Programme. During a recent media address, Dr. Drew highlighted the patience and optimism of international investors as his administration implements measures to enhance transparency and accountability within the programme.
Dr. Drew shared updates on two flagship development projects, Christophe Harbour and Kittitian Hill, which are poised to contribute significantly to the Federation’s economic growth.
On Christophe Harbour, Dr. Drew revealed that negotiations are well-advanced, with significant announcements anticipated by February 2025.
“We are in a Memorandum of Understanding with a highly reputable company. The company’s CEO visited during Christmas for due diligence and was very impressed,” Dr. Drew said.
Regarding Kittitian Hill, Prime Minister Drew acknowledged delays caused by an extensive audit process covering several years of financial records. The audit is expected to conclude within the next month, however, which will open the door to formal investor offers.
“Once we complete the audit—and we should finish it within the next month—we’ll proceed with specific investor offers,” Prime Minister Drew explained, assuring that further updates will be provided by April.
Dr. Drew also announced plans for the second annual Gateway Summit in May 2025. This event seeks to engage economic citizens of St. Kitts and Nevis and encourag them to explore additional investment opportunities within the Federation.
“We are reaching out to encourage our economic citizens to reinvest in St. Kitts and Nevis. Their initial investment can lead to further lucrative opportunities,” he noted.
The Gateway Summit reflects the government’s broader vision to foster meaningful connections, strategic partnerships, and sustainable development.
Prime MinisterDrew reaffirmed his administration’s dedication to building an economy rooted in transparency, investor confidence, and strategic growth. “Networking and meaningful connections are key to shaping the future of investment in St. Kitts and Nevis,” he emphasised.
With renewed investor interest and plans to strengthen the Federation’s economic framework, the government remains optimistic about the future of St. Kitts and Nevis.
Stay informed with the latest news and updates from SKN Source! Click here to join our WhatsApp group and get updates straight to your mobile. Don’t forget to follow us on Facebook for more stories and insights!
Be the first to comment on "Renewed Investor Confidence in St. Kitts and Nevis: Major Developments on the Horizon"