EIDA International Investments Ltd EIDA, backed by Chinese investors, signed a memorandum of understanding with the new government of Barbuda on Saturday to build a $740 million casino resort in the Caribbean nation.

The deal was signed after eight hours of negotiations after Gaston Brown became prime minister. EIDA Jang represented EIDA International at the signing ceremony (pictured).

“I have promised the people that the government will bring the type of investment to the country that will transform Antigua and Barbuda into economic powerhouses, and I am serious about that commitment,” Brown said in a statement on the government’s official website.

Ida International is proposing to build mega-complexes on the outskirts of Guiana Island and on nearby land. In addition to casinos, the project includes five luxury hotels, 1,300 residential units, a conference center, a 27-hole golf course, marina and landing facilities, retail and sports facilities.

The company is expected to invest more than $74 million annually in Antigua and Barbuda economies over the next decade, the government website said.

Ida International is linked to the Beijing-based Ida International Investment Group. The company was founded in 2011 and invests in tourism, real estate, horse breeding, and mining. 카지노사이트

Guiana Island was previously owned by U.S. financier Allen Stanford, the Associated Press reported. He was arrested by U.S. authorities in 2009 for his involvement in a Ponzi scheme, later convicted and sentenced to 110 years in prison. The agency added that EIDA International will have to purchase the land from liquidators who handle Stanford’s assets.