Caribbean vacation company Resort Development Paradise Haven received a US$50 million fund from Singapore's Asia Pacific Investment House. The resort is located in the island nation of St. Kitts & Nevis.
This fund was raised on the initial round of investment, bringing the US$250 million target closer to completion. The second round of investment is looking extremely positive, said Resort Development Paradise Haven in a press statement released today.
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The company said that with the help of the St. Kitts & Nevis' tourism campaigns, a total of 1000 new jobs were created, providing a much needed sustainable workforce in the small island nation.
Construction of the resort will begin later this year, and is expected to end by 2014.
Paradise Haven is situated in the island of Nevis, spanning over 500 acres of environmentally optimized gold and beach facilities. The resort offers extremely high-end services such as luxury villas, condominiums, retirement homes and family residences.
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