Prince Albert of Monaco to launch Dominican
Santo Domingo- President Leonel Fernández,
will lead the ground-breaking ceremony for
the construction of the Punta Perla tourist
complex in the company of Prince Albert II
of Monaco. The project has a projected
investment of US$2.5 billion, and is the
third tourism initiative of this type to be
launched in the country since November.
10.2 million square meter property with 3.5
kms of beachfront will include four boutique
hotels, 8,800 residential units, three golf
courses, an inland marina, a beach club, an
amphitheater, sports installations,
commercial units, a shopping mall open to
the public, a museum and staff
Punta Perla is expected to be completed
within a 10-12 year period.
It was announced that the Prince of Monaco,
although not an investor in the company, has
shown an interest in supporting Punta Perla,
as he considers it to be an
environment-friendly tourism development
that could set the standard for other
Punta Perla is promoted by European tourism
specialist business groups.
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