MEFD April 2006

Published: Tuesday May 30th, 2006

During the month of April, domestic economic developments were sustained by continued strengthening in real estate investments and private sector demand. While the latest tourism data indicate a fall off in tourist arrivals during the first two months of the year, preliminary evidence suggests that construction activity remained robust.

In other economic developments, on April 24, 2006, a reported $110 million Heads of Agreement was signed with EGI Ltd., developers of Grand Isle Villas, for an anticipated 76 luxury villa project on the island of Exuma. 

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