An international consortium has presented a US$100 million proposal to establish a horse racing and equine industry in Antigua and Barbuda, according to Antigua.news.
The ambitious proposal encompasses a wide range of facilities, including an international-standard racetrack, thoroughbred breeding operations, an equine veterinary hospital, a quarantine centre, training institutions, and tourism amenities.
Investors met with Cabinet on Wednesday to outline the plan. They estimate that Phase One of the project will require approximately US$25 million in capital investment.
Cabinet welcomed the proposal's potential to diversify the country's tourism product and stimulate broader economic investment. However, ministers agreed that further technical, environmental, financial, and regulatory reviews must be completed before any formal decision is reached.
