The Pickering Housing and Town Centre development project launched yesterday in Pickering, St. Lucy will generate US $800 million in revenue and stimulate the social and economic development of the entire northern section of Barbados.
Delivering the feature address at the groundbreaking ceremony of one section of the centre, Pickering Court, Prime Minister David Thompson said that this project, conducted under North Ridge Development Company Ltd., will bring “enormous benefits at a time when foreign investment is desperately needed”.
“This project will generate US$800 million of which US$500 million will be from sales to non-residents. The project will employ 600 persons at the peak of construction and provide sustainable employment opportunities to support residential and business aspects of the development,” said Prime Minister Thompson.
He said that this private sector investment by local and overseas investors is one of the largest residential projects to be undertaken on the island..."