Government announces world class resort and lifestyle development

Government announces world class resort and lifestyle development

PRESS RELEASE:-Castries, Saint Lucia, Friday July 29th 2016 – Saint Lucia will become home to one of the Caribbean’s iconic resort and lifestyle developments after Prime Minister Hon. Allen Chastanet signed an agreement today to build the island nation’s first and only international standard integrated development.

The ‘Pearl of the Caribbean’ is valued at over USD2.6 billion and occupies a 700-acre site to the south of the island.

The project will comprise a marina, a racecourse, a resort and shopping mall complex, casino, Free Trade Zone, extensive entertainment and leisure facilities, eco-tourism as well as architecturally designed villas and apartments.

Overall, the Pearl of the Caribbean Development is designed to be a well-balanced project with open space making up over 50% of the overall development. It is designed to be a sustainable and self-contained development and is expected to generate between 500 to 800 jobs in construction during its initial phase of implementation.

The agreement was signed by the Government of Saint Lucia and the project’s Master Developer DSH Caribbean Star Limited in Saint Lucia and construction of the initial phase of the project is set to commence in 2017.

Today’s signing marks a significant milestone in the three (3) years of negotiations between DSH Caribbean Star Limited and key agencies of the Government of Saint Lucia including Invest Saint Lucia (ISL), the Citizenship by Investment Unit (CIU) and the Development Control Authority (DCA).

The Pearl of the Caribbean is also set to play a lead role in the development of a new horse industry in Saint Lucia, proving a new tourism and entertainment option for international tourists as well as new employment opportunities for locals.

Upon completion, the project will be able to house more than 1,000 racehorses and have the capacity to hold feature racing carnivals, establishing Saint Lucia as a racing and entertainment centre in the Caribbean and leveraging off the international appeal of the sport to promote Saint Lucia to a diverse audience base.

The announcement of the Pearl of the Caribbean is the latest high profile step in Saint Lucia’s drive to create new industry and bring in new investments.

Today’s signing follows on from the government’s launch of the Saint Lucia Citizenship by Investment Programme in January 2016 and confirmation of the extensive upgrading of the Hewanorra International Airport which is located only two kilometres from the Pearl of the Caribbean development.

The objective of the Master Plan proposal is to create a new tourism district targeting not just the short term visitors to Saint Lucia but investors in the properties such as the Homestead Villas, waterfront Villas and other commercial properties.

The Pearl of the Caribbean is expected to appeal to international investors, especially in emerging markets like China, South East Asia and Russia.

The Pearl of the Caribbean proves high quality investment opportunities and resort style living on an island famed for its unspoilt beauty, pristine beaches and World Heritage sites. Investment opportunities in this project also qualify for Saint Lucia’s Citizenship by Investment Programme.

China’s booming investment and outbound tourism sectors have significantly boosted economies across Europe, North America, South East Asia and Australasia over the last decade. In 2015 the World Travel and Tourism Council stated that Chinese outbound tourists spent a staggering USD215 billion, a 53 percent increase on the USD140 billion spent in 2014.

DSH Caribbean Star Limited is an affiliate of Desert Star Holdings Limited, a Hong Kong based registered management and investment company with international investments in commercial and equine property.

Last month Desert Star Holdings and a joint venture partner signed two significant agreements in China to kick start a commercial breeding industry in Ordos, Inner Mongolia and to manage the country’s premier racecourse, Ordos Yiqi Racecourse, in the same region.

It is estimated that China’s horse industry has the potential to generate up to USD2 billion in direct economic benefits over the next decade. The total direct and indirect economic impact of a commercial equine industry on the Chinese economy may be as much as USD8 billion which includes the creation of 34,000 new jobs. The first notable event held in China since this announcement will be the CECF Ordos (20-21 August), an event founded by the China Horse Club.

DSH Caribbean Star Limited is also affiliated with the China Horse Club, a leading lifestyle, business and thoroughbred racing club which has extensive ties with leading international participants in the horse racing industry including Coolmore (Ireland, USA, Australia), WinStar Farm (USA), Sheikh Fahad’s Qatar Racing (Britain), Newgate Farm (Australia), SF Bloodstock (USA, Australia, Europe), Vinery Stud (Australia), Sheikh Mohammed Bin Khalifa Al Maktoum (Dubai), Barbara Banke (USA), Ananda Krishnan (Malaysia) and Markus Jooste (South Africa) among others.

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  1. Anonymous
    July 29, 2016 at 6:49 pm Reply

    Thank you Dr. Kenny Davis Anthony. This is your vision and hard work! You are hands down the BEST leader to have graced this soil.
    And no I dont care what ridiculous, uninformed comment you salty flambeaus are about to post in response to me. Go climb a tree.

  2. Sad-But-True
    July 29, 2016 at 8:49 pm Reply


    1. Anonymous
      July 30, 2016 at 2:45 pm Reply

      I see they let you out early from the nearby asylum. awa boy you need to go back there pronto.

    2. Anonymous
      July 31, 2016 at 10:40 pm Reply

      Sad-But-True AKA A.B. – Only a SUPERIOR IDIOT can type so much rubbish. Even after being banned from SNL. He still continues to post rubbish. This guy is foolish beyond his years. Get lost TWIT !!

  3. Anonymous
    July 30, 2016 at 9:51 am Reply

    Go and pray keep on believing keep on trusting he will answer you nuts crappie alone you talking.

  4. Anonymous
    July 30, 2016 at 9:59 am Reply make st Lucia dream come true .in tourism. Agriculture art and health care for more st Lucian to use their common knowledge in work to make this beautiful island caring and loving for all.

  5. Anonymous
    July 30, 2016 at 1:42 pm Reply

    I really hope our PM will answer your prayers

    1. Sad-But-True
      July 30, 2016 at 2:37 pm Reply

      Lol…I know you inferior slave minded people do refer to whites as gods. Lol..Asking a white dude to answer his/her prayers. Lol. You slave descendants have somehow forgotten what they did to you and are still doing to you, huhI!

  6. Boujon Guiyave
    July 30, 2016 at 4:47 pm Reply

    You bunch of jokers have been handed a toy to play with. Don’t mess it up! You all know how you all are quick to throw tantrums and then throw the toy out of the pram! Well beginning with you Golden Balls, you all will be keenly gazed at and listened to.

  7. Lauretta
    August 1, 2016 at 8:10 am Reply

    Compton did warn them, those days were coming. The world of technology and advancement is here and we had plenty of time to prepare for it. Whilst Politician’s were fighting each other, the legal system corrupted, police department corrupted and people’s inheritance robbed year after year, has bought outside investor’s the time to progress to this. The government has no choice now they have debts and VAT bills to pay.

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