De Niro, Antigua government sign US$250 million property development deal


Prime Minister Gaston Browne (Left) and US actor Robert De Niro (middle) sign agreement (Credit: Antigua & Barbuda GIS)

ST. JOHN’S, Antigua, Saturday November 29, 2014, CMC – The Antigua and Barbuda government says it has signed an agreement with international film star, Robert De Niro, for an investment project valued at over US$250 million.

A government statement said that De Niro and Prime Minister Gaston Browne signed the agreement “giving the green light to the renovation and expansion of the K-Club on Barbuda into an exclusive 5-Star resort.

“We are indeed very delighted that you will be embarking on a very exciting project on Barbuda, transforming the island, making it one of the most exciting islands in the region. Your project has increased interest in Barbuda.

“The project is attracting additional investors to our country. That is why I am delighted to appoint you as a Special Economic Envoy of Antigua and Barbuda to attract more investments to our twin island state. It is my belief that your celebrity status will attract more American celebrities to Antigua and Barbuda and the Caribbean,” Prime Minister Browne said.

He described Barbuda as a diamond in the rough and will make a net positive contribution to the economy of the twin-island state.

“Your involvement in Barbuda shows that you Mr. De Niro, Mr. James Packer and your team are pioneers and visionary – recognizing that Barbuda represents a unique proposition for investment, giving you the opportunity to carve out a particular niche.”

“My government is very happy to be a part of this historic and significant moment. Your presence as an international celebrity is of significance and to have you as an investor and a friend of the people of Antigua and Barbuda and an economic envoy is equally significant.

“ Today is indeed an historic day for our nation and we are very pleased to have you and your team here and we are hoping that within thirty days we can conclude the deal and construction can begin in the next twelve months providing employment to the people of Antigua and Barbuda,” Prime Minister Browne told the American actor.

The award winning actor who has appeared in over 90 films, said that he was happy and excited to do business in Barbuda and pointed out the project will be unique and “great.”

Parliamentary Representative for Barbuda, Arthur Nibbs, said that De Niro was inheriting a great property and had taken over the establishment to renovate and expand under the “Paradise Found” brand.

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