St Kitts and Nevis is seeing one of the strongest economic growths in the region, an achievement emphasised both by its Government and by the IMF in its recent evaluation of the nation.
And more, it seems, has yet to come. In a press conference held on 2 August, the Prime Minister, Dr the Honourable Timothy Harris, predicted even greater development spurred by both ongoing and new projects that have been approved for the twin-islands.
Naming but a few such developments, Dr Harris noted: “We have the T-Loft Project that is moving slowly but surely; we have the St Kitts Castle Hotel on Frigate Bay nearly 100 percent complete; we have the Coast Guard Headquarters at Bird Rock making steady progress and on line for completion this year; we have a police training facility at Lime Kiln, which was stalled for several years, now construction work continues; we have a National Heroes Park, adjacent to the Conaree Sports Facility, which is taking shape beautifully and majestically.”
The Prime Minister also highlighted that several enhancement programmes targeted entry points to the nation, including piers and the airport – both of which are essential to tourist arrivals and the nation’s ability to connect with regional and international partners.
CBI programmes play an important role in the economy of St Kitts
It is no secret that the St Kitts and Nevis Citizenship by Investment Programme plays an important role in the economy of the Federation, with many projects finding funding from the foreign investment derived by economic citizens.
Applications to St Kitts and Nevis start at US$250,000 for a single applicant wishing to make a donation to the Government. Those wanting to purchase real estate must spend at least US$400,000 and pay an additional US$50,000 Government fee. In return for either of these investments, however, the applicant receives the opportunity to work and live in one of the most vibrant economies of the Caribbean.