St. Lucia Reveals More on $2.6 Billion “Pearl of the Caribbean”

By: Alexander Britell - January 22, 2017

It’s the biggest new resort project in the Caribbean, and St. Lucia’s government has unveiled a series of new details on the new “Pearl of the Caribbean” project on the island’s southern end.

The Vieux Fort-area project (near the country’s international airport) is the brainchild of developer Desert Star Holdings Limited, based in Hong Kong and with an expertise in the horse racing industry.

The proposed project will include a marina, race course, resort, shopping mall complex, casino, free trade zone, entertainment and leisure facilities and a residential component including villas and apartments.

The government is currently in the process of developing the master plan for the area, with the race track comprising the first phase of the project.

The Pearl of the Caribbean is seeking a large portion of its funding from the island’s Citizenship by Investment program.

That track will be located on approximately 200 acres of land in Beausejour, with plans already submitted to St. Lucia’s Development Control Authority and approved in principle pending an environmental impact assessment.

The government is proposing to lease lands to DSH at $1 USD an acre, which represents one of the government’s contributions to the project. The purchase price per acre of land will be between $60,000 and $90,000, according to the government, with lands only transferred to the developer according to the phasing schedule.

St. Lucia has also announced plans to launch an Education Training Fund in partnership with DSH aimed at training islanders in the equine industry.

The government also said that it had the option to purchase lands back from DSH at the initial sale price if the developer did not raise the required development capital.

Public consultations will begin on the first phase of the project this month.

Popular Posts the beach at the avila hotel in curacao

Delta Is Adding More Nonstop Curacao Flights, Citing “Booming Demand”  

Curacao is hotter than ever, with a wave of new hotels and record-breaking tourism numbers. And just a few months after Delta made its long-awaited return to the island, the carrier is adding even more flights.  The reason? What Delta […]

Looking for a Budget-Friendly Montego Bay Vacation? There's a New Hotel for That  

jamaica new hotel montego bay

It’s home to one of the most famous streets in the Caribbean, named after one of Jamaica’s global music icons: Jimmy Cliff Boulevard.  While the heavily-trafficked street has seen its share of ups and downs in recent decades, that’s been […]

When the Caribbean Island of Montserrat Was the Center of the Pop Music World

air studios in montserrat

Legendary Beatles producer Sir George Martin’s dream was not just to build a recording studio in a Caribbean paradise, but to raise up the fortunes of an island he dearly loved in the process. On Montserrat, for a brief but […]

Related Posts la soufriere volcano

Island Routes Is Expanding to St Vincent and the Grenadines 

Caribbean attraction company Island Routes is adding another destination in the Caribbean: St Vincent and the Grenadines.  The company’s expansion comes ahead of sister brand Sandals Resorts International’s imminent debut of the new Sandals St Vincent resort, slated for this […]

The Bahamas Is the Caribbean’s Hottest Spring Destination 

pink sand beach

The Bahamas is the most popular destination in the Caribbean for spring travel, according to a new report from travel insurance company Squaremouth.  The Bahamas was the only Caribbean destination to make the top 10 among the most popular destinations […]

Saint Lucia Is Getting a New Luxury Beach Resort  

cas en bas

Even if you haven’t been to the island, you’ve almost certainly seen Saint Lucia’s most famous imagery — the Pitons, around which stand most of the destination’s most luxurious resorts. In recent years, though, the island’s northern tip has been developing […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You