Anguilla signs $350 million MOU for marina hotel villas in East End.

Maltese Falcon Anguilla mega yacht marina mou projectThe project entails a Mega yacht Marina that will handle up to 150 large yachts and another 100 smaller vessels. A hotel comprising of 100-150 rooms and 100 villas as well as other hotel related public spaces and a convention center. A number of high end retail outlets are envisioned as part of the project.

From Anguilla Government page:

Anguilla – Acting on behalf of the Government of Anguilla, Chief Minister Hon. Hubert Hughes today signed the Memorandum of Understanding (MOU) with American based development company ECMA for a Megayacht Marina for the Southern coast of the island. The MOU was witnessed by Trade and Investment officer in the Ministry of Finance, Mr. Perin Bradley. The MOU was signed by Mr. Ellington Ellis of ECMA.

The partnership between the Romney’s family, the developers and the Government of Anguilla will create an ultra-luxurious Mega yacht Marina to accommodate the best yachts in the world. It is envisioned that the project will have a mixture of hospitality products, high end shopping and other services.

On hand were, Permanent Secretary M. Foster Rogers, Chairman of the Tourism Investment Committee, Hon. Jerome Roberts and Hon. Haydn Hughes who are also members of the Tourism Investment Committee.

“This project is long overdue and will create employment for 100s of jobs for the Anguillian people. Anguilla has a number of world class hospitality products and we have been challenged to encourage investment for a mega yacht Marina for many years. This opens the door for the development of this marina and these investors are serious business people. I would like to thank my Ministers, Miss Mary Clare Haskins for her hard work, the Tourism Investment Committee, Ms. Lavan Hoyoung and most of all, the Romney’s family for making this dream a reality” the Chief Minister Hughes stated at the signing.

The Anguilla United Movement Government, economic and investment strategy is to diversify Anguilla’s economic base by the development of Marinas of this kind. This is a deliberate effort to do so as stated in the Anguilla United Movement’s, ‘BLUEPRINT FOR ANGUILLA’S RESCUE AND DEVELOPMENT.”