PEARL OF THE

CARIBBEAN PROJECT

- Proposed integrated resort development to

include racecourse, casino, resort, marina,

recreational park

- Expected to be carried out in 25 phases over

a period of 20-25 years

- Proposed by master developer Desert Star

Holdings under the guidance of Teo Ah Khing

of the TAK Group in conjunction with the

Government of Saint Lucia

ABOUT THE PROJECT

PHASE 1scheduled to begin in 2017

200 acre racecourse earmarked for the Beausejour area

Grandstand

International Race Track

Polo Field

Equestrian Lawn

Receiving Barn

Equine Clinic & Quarantine Barn

Infield Park

Fractional Ownership Homestead Villa

Domestic Barns

International Barns

Race Course Boulevard

Stimulation of the economy

Employment generation across various sectors such

as tourism; entertainment; sports; veterinary medicine;

maintenance; ancillary services (malls, resorts, car

rentals, restaurants, etc.)

Improvement in the overall standard of living

Pull factor for more investors – use of this prospect to

further market the island’s investment potential and

tourism product

Transfer of a diverse range of skills

ANTICIPATED BENEFITS TO SAINT LUCIA

Training component - on proper care of equine

facilities and equine veterinary health;

Trade benefits – expansion of new and existing

channels of trade – importing and exporting goods

Supplementary businesses opening up for a wide

range of novelty goods and services across a spectrum

of fields e.g. horse feed, etc.

Beautification of existing landscape

ANTICIPATED BENEFITS TO SAINT LUCIA

Job opportunities – e.g. about 3 jobs per horse for the

horse care alone; transient jobs during construction

Development of Vieux Fort

productive use of underutilised strategic lands in

Beausejour

creation of new ancillary services e.g. restaurants,

entertainment facilities, sporting goods stores, etc.

Creation of construction and construction related

services and materials

Boost in the agricultural sector (creation of new and

expansion of existing farms)

ANTICIPATED BENEFITS TO SAINT LUCIA

Buy back – no lands are to be transferred unless the

developer has sufficient capital to complete the

project.

Environmental – this will be determined by an EIA

and the manner in which any adverse effects (if any)

may be mitigated or extinguished

Relocation - the scope and size of this aspect of the

project may result in the relocation of affected

persons in Beausejour subject to any rights being

fairly and adequately addressed

ASSOCIATED RISKS

ASSOCIATED RISKS

Integrated development project – investments of

a similar nature (size and scope) may be deterred,

as two fully integrated projects are likely to cause

both to fail. However, non-integrated or stand-

alone projects will be allowed

Pressure on infrastructural utilities - utilities to

expand on their services (WASCO may run

additional pipes where water is not currently

available). ISL and DSH met with the various

utilities and service providers and based on

information received, any concern relating to the

inadequacy of such utilities and services were

allayed.

ASSOCIATED RISKS

PROPOSED PROJECT - ARTIST RENDERING

For more information on the Pearl of the Caribbean project please go to

www.facebook.com/pearlofthecaribbeanslu