The Government of Anguilla and The Chord Group on Wednesday 31st October signed a definitive agreement for the Anguilla Special Economic Zone based on future technologies. It is a project in which industries and technologies will be established in Anguilla.
“The Government of Anguilla is involved in tourism as our main industry as well as financial services and we continue to look for ways and means in diversifying the economy, Chief Minister Banks said during the signing ceremony, “We have been having discussions on this for a long time to ensure that it fits with the possibilities and opportunities that exist in Anguilla. I think we’ve been able to come to some agreement as to how we should proceed.”
Jason Web, CEO Frontier X, a shareholder in The Chord Group said, “One of the most important new feature technology zones on the planet is starting here in Anguilla. We think that Anguilla is going to be a remarkable place of development of new technologies. We think globally this part of the world will be seen as the beginning of a new era of development. While governments around the world have struggled to keep up with change, this government has moved forward bravely and will be rewarded for it.”
Mr. Alex Richardson, Lawyer for The Chord Group said: “I think as Anguilla moves forward and seek to diversify away from tourism and even financial services which is under threat, this Special Economic Zone and other products of that nature are exactly the types of eco-friendly industries that we in Anguilla are trying to attract as we move forward.”
Micheal Glass, Chief Development Officer, Chord Ground said they were pleased that the Government of Anguilla had confidence in them. He also expressed confidence in the Government of Anguilla on this exciting new venture.
