Brantley outlines significance of Apsaras project to expand local economy in Nevis

Highlighting the various aspects of the projects, Mark Brantley noted that this is one of several projects that would aid the government in boosting the economy of Nevis by attracting foreign direct investment. It will also come out as a recovery project after the COVID period. 

Brantley outlined various aspects of Apsara project for Nevis
Brantley outlined various aspects of Apsara project for Nevis

St Kitts and Nevis: Minister of Foreign Affairs and Civil Aviation and Premier of Nevis Mark Brantley outlines the significance and meaning of the Apsaras project on Wednesday, March 23, 2022. The projects were announced by the Nevis Island Administration (NIA) on December 7, 2022, in the Budget debates in the Nevis Island Assembly. 

Highlighting the various aspects of the projects, Mark Brantley noted that this is one of several projects that would aid the government in boosting the economy of Nevis by attracting foreign direct investment. It will also come out as a recovery project after the COVID period. 

Further, he stated that projects would also help the government to expand the local economy of the country by offering various opportunities for doing business to the residents.   

“It is one of the several projects we hope to come on stream in this fiscal year as we seek to expand the local economy and attract greater foreign direct investment post-Covid,” underscored Brantley. 

He emphasized that projects s meant to assist the small and medium-sized businesses so that they could get the platforms to relocate their operations to Nevis to fetch the attention of the foreign investors. 

Stressing upon the significant investors, Brantley said by enlarging small and medium-sized businesses in the country, the government wants to attract investors, especially from Hong Kong and the wider Asian market. 

He asserted that Hong Kong and the Asian market would help to boost their economy. 

“This project is designed to attract and house small and medium-sized businesses to relocate their operations to Nevis as we continue to attract investment, especially from Hong Kong and the wider Asian market”, he added. 

While mentioning the various development projects of Nevis Island Administration, Brantley asserted that it is one of over 160 active construction sites currently on Nevis, including an unprecedented seven active housing developments by the Nevis Housing and Land Development Corporation. 

He exclaimed that due to these development projects, Nevis island witnessed an unprecedented construction boom post-Covid due to direct fiscal policy initiatives taken by the Cabinet of the NIA.

Premier of Nevis Brantley also outlined the various projects of development while addressing the Budget presentation in 2022. He stated that the NIA continue to incentivize a number of proposed and ongoing development projects. 

It includes: 

  • Development of the Rest Haven Property
  • The refurbishing and re-opening of the Nisbett Plantation Inn
  • The development of the land at Pinneys owned by NewFound,
  • The development of the Wyndham Resort
  • The Apsara Science and Technology Park at Pot works
  • The Bush Hill Grdaerns development at Brown Hill
  • The Belmont Gardens development at Pinney’s the One and Only Resort development at Indian Castle
  • The new global headquarters for the Hamilton Reserve Bak at Barnes Ghaut
  • An entity to manufacture local near and the Nautilius Club Marina Development at Cades Bay.

“It is intended that these proposed and ongoing development will come on stream during the next fiscal years”, Brantley said.