Dominica aims to attract diasporans and visitors via a new initiative that focuses on the island’s top land resources.
Called the The Best of Both Worlds “Luxe Land Link”- Land Offer Programme, this land link initiative will “strategically leverage the abundant land resources across three crucial areas: commercial, residential, and agricultural,” according to Melissa Skerrit, Minister of Housing and Urban Development of Dominica, who presented the initiative at the fiscal Budget Debate 2023/24.
The initiative offers lands for sale at competitive rates in a bid to attract more investments and foster socio-economic development. The move also hopes to entice Dominicans who live outside the island to invest in their own country, particularly the agricultural sector.
These investments could also fund the “necessary infrastructure, such as roads, electricity, and water supply, to support commercial, residential, and agricultural activities on the purchased property,” particularly in the rapidly developing Warner area, Cotton Hill, and Portsmouth, through a partnership with the Dominica Social Security
More details about the project will be announced, Skerrit said.
She also announced the housing programme for the nurses under Nursing The Dream.”
The Land Link Initiative is the newest in the series of Dominica’s efforts to attract foreign investment in the country.
Dominica’s Citizenship by Investment (CBI) Programme has kept the country’s ambitious Housing Revolution Agenda up and running, funding over two thousand residential units developed by MMC Development Ltd., a Dubai-based developing company that has been working closely with the government of Dominica since Typhoon Erika in 2015 and Hurricane Maria in 2017.
Through the help of the same CBI programme, MMC Development Ltd. has also led the construction of a number of healthcare facilities, buildings for education, and Dominica’s international airport project.
Another project that gained support from international investments is Dominica’s geothermal plant, with the World Bank backing a majority of the 50-million dollar funding.
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