The one-year old New National Party (NNP) government of Prime Minister, Dr. Keith Mitchell will deliver on one of the promised three five-star hotels on Grand Anse beach within the next six months.
That’s according to Minister of State for Private Sector Business, Senator Kenny Lalsingh who is also the party’s Deputy Chairman.
Speaking to reporters at a press conference last week to mark the NNP’s first year in office following the February 19, 2013 general elections, he confirmed that construction of the multi-million dollar hotel project to be undertaken by Egyptian billionaire investor, Naguib Sawiris is expected to begin within six months.
“An investor purchased the land in Grand Anse which was belonging to Silver Sands. The Architectural drawings are being done at the moment and hopefully within six months the project will start in terms of construction,” he told the local media.
Lalsingh did not say how much monies were paid for the land.
Sawiris whose family in Egypt already owns nearly 50 percent of that country’s stock exchange, says he was attracted to the Spice Isle by the warmth of the Grenadian people.
The investor was reportedly introduced to the island by a friend with strong Grenadian roots, Danny Fahkre, who apparently wears the title of Grenada’s Deputy Ambassador to the United Kingdom.
Sawiris, known as Grenada’s Ambassador to France, met with Prime Minister and Minister of Finance Dr. Keith Mitchell in September 2013.
NNP officials have stated publicly that the billionaire investor also has his eye on two other plots on the popular Grand Anse Beach – the Rivierra property located between Camerhogne Park and Grenada Grand Beach Resort and the other currently controlled by St. George’s University in Morne Rouge.
There are unconfirmed reports that these two much-talked about projects could be in jeopardy.
However, during the presentation of the 2014 budget by Prime Minister Mitchell, some minor clearing of the Silver Sands property were seen to begin but quickly ended.
Regarding the Levera Hotel project in the north of the island, Lalsingh said that the NNP administration has signed a lease agreement with another investor and gave them six months to complete the architectural drawings.
The government minister also gave details about several other projects involving foreign investors that will be coming on stream within the next six months.
These include the Mt Hartman/Hog Island project, Clarke’s Court Bay project which was recently sold to a new investor and drawings for a new project involving British investor, Peter deSavary.
Since coming into office, none of the major projects promised by the Mitchell government have started.