TCI News
Turks and Caicos Post Cabinet Meeting Statement
Grand Turk, January 24, 2019 – Turks and Caicos – His Excellency the Governor, Dr John Freeman, chaired the 3rd meeting of the Cabinet on Wednesday, 23 January 2019, at the Government Compound Office on Grand Turk.
All Ministers were present.
At this meeting Cabinet:
Authorised Invest TCI to draw up a new Development Agreement on a conditional basis between Vista Development Ltd (TCI Toscana GP Ltd) and TCIG restating the terms of the expired Development Agreement and setting a new conditionality date of 31 December 2019;
- Approved a request for additional funding for the Prison from the Contingency Fund for the amount of $120,000 for rations and prisoner discharge allowances;
- Considered the report by the consultancy firm, Castalia Ltd, on Fortis TCI Ltd’s proposals for rate and regulatory reform and made recommendations to the Ministry;
- Advised His Excellency the Governor to approve recommendations for inclusion in the draft Hotel and Restaurant Ordinance (Amnesty, Validation, Variation) (Amendment) Bills 2018 which will be forwarded in due course to the House of Assembly for approval;
- Cabinet noted the recommendation of the Procurement Board on the award of the following contract in accordance with the Public Procurement Ordinance: TR 18/15 Reinstatement of Government Buildings All Islands – Lot 1 Crown Land Building, Grand Turk and Lot 2 Ministry of Education, Grand Turk. Cabinet approved the reallocation of funding under Development Project No. PN 005478 from sub-project Crown Land Building, Grand Turk, to sub-project Ministry of Education, Grand Turk;
- Advised His Excellency the Governor to approve, in principle, the final consultancy report on the “Strategic Analysis of TCI’s Financial Services Sector” subject to comments received being incorporated;
- Noted and discussed the financial performance of the TCI Statutory Bodies for the period July – September 2018 as reported by the Accountant General in the 2ndQuarter Financial Report 2018/19 submitted in accordance with Section 148 (1) of the Public Finance Management Regulations;
- Advised His Excellency the Governor to approve the Wildlife Conservation and Trade Bill 2018 for forwarding to the House of Assembly for approval. The Bill would be subject to any amendments proposed by the Secretariat of the Convention on International Trade in Endangered Species of Fauna and Flora (CITES);
- His Excellency the Governor raised the question of additional resources for the RTCIPF following concerns raised by the Commissioner of Police;
- The Hon. Deputy Premier raised the escalating cost of repatriations of illegal migrants;
- The Hon. Minister of Tourism, Environment, Heritage and Gaming and the Hon. Premier provided an up-date on plans for the removal of the Mega One Triton vessel from Governor’s Beach on Grand Turk;
At the request of The Hon. Minister of Tourism, Environment, Heritage and Gaming, received an up-date by Her Excellency the Deputy Governor on the recruitment of vector control and emergency services staff on Middle Caicos;
- Received an up-date by the Hon. Premier on the visit to TCI on 24 January by the Bahamian Foreign Minister and officials to discuss co-operation to tackle illegal migration;
- Noted the approval by Cabinet by round robin of Planning Application PR 13836 for outline development permission for the construction of a Government Primary School and Special Needs Centre on Crown Land Parcel 61113/268 at Long Bay, Providenciales in accordance with the Physical Planning Ordinance 2014;
Further information on these matters will be provided by Ministers in due course.
Release: Governor’s Office
Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.
Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The
development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.
Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.
Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.
Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.
Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.
The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.
Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of
IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”
He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”
Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”
The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion
Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.
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