Belize Prime Minister Dean Barrow has confirmed that an agreement will shortly be signed to bring to bring a Four Seasons Resort to Belize with Arab funding. Speaking in a radio broadcast interview today Mr. Barrow said that his government has given the go ahead for the Qatar Sovereign Fund to take over the small island of Caye Chapel off the coast of Belize City and establish Belize’s first 5 star luxury hotel. “We have given the go ahead. Negotiations are all but finalized and the details of the investment are being worked on between the Qatar Sovereign Fund and the Belize Bank Limited, who have the island on their foreclosed properties portfolio,” said Mr. Barrow. The Prime Minister added that the developers will make an investment of US $125. million and bring much needed jobs to the area.

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