Within the first 14 months of construction, a total of 150 condos, 200 luxury homes and 50 executive homes, commercial center and other amenities will be constructed. The US$1.4 Billion Maraiko Bay project is set to commence in a matter of months. Spearheading the project is Nand Persaud Investment and New Trend Auto.
One of the businessmen behind the multimillion-dollar undertaking said, “The project is one with many firsts in the developing country- first 18-hole golf course, first marina, first all-inclusive secure community and first mega real estate development project that is almost 30% of the size of the capital city Georgetown.”
He further noted that the championship golf course will be a part of a US$1.4B development that will eventually provide “top-notch medical facilities, internationally rated schools, fine hotels, world-class shopping and fine dining.”
He further noted that Maraiko Bay will be the gold standard of living for the thousands of expats and re-migrants “who are set to call Guyana home for the next 50+ years.”
Ragindra Persaud, of Nand Persaud Investment, said, “This allows for the creation of thousands of construction, tourism and sports-related jobs that we desperately need as the country grows. We have put together a team that we feel has the ability to deliver a project of this magnitude.”
