Hong Kong company eyes US$3 billion investment in CNMI

An investor group from Hong Kong reportedly wants to invest three billion US dollars in the Northern Marianas to build hotels, villas, and a private medical center.

This was disclosed by the CNMI House floor leader, Ralph Demapan, who had been in Hong Kong with the Governot Eloy Inos.

He says they met an investor group last week during a fact-finding trip.

As a result, there are plans for a total of between 1,000 and 2,000 hotel rooms to be built on Saipan, Tinian, and Rota.

The governor’s visit to Hong Kong came weeks after he went to South Korea to meet E-Land top executives.

E-Land owns Coral Ocean Point, Pacific Island Club and the former The Palms.


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