By Admin. Updated 9:50 p.m., Friday, October 9, 2026, Atlantic Standard Time (GMT-4).
A proposed US$100 million eco-resort could reshape tourism on the Grenadine island of Mayreau after Invest SVG and Luxembourg-based developer Nativo Group signed a Memorandum of Understanding (MOU) to advance the project and other sustainable development initiatives.
The agreement, signed on September 30 at the Ministry of Foreign Affairs, establishes a framework for cooperation on the proposed SOMA Mayreau eco-resort and complementary environmental and community-focused projects. The announcement was made by Invest SVG in a press release issued on Friday.
According to the investment promotion agency, the agreement builds on existing master planning and technical studies and supports the government’s objective of promoting sustainable development while expanding the country’s tourism sector.
The proposed development would feature more than 100 hotel keys, including guestrooms and villas, alongside wellness facilities, restaurants and marine experiences.
Invest SVG said the project is expected to attract approximately US$100 million in private investment and would be financed through a combination of foreign private capital and commercial bank financing, with no government funding earmarked for its construction.
If it proceeds as planned, construction is expected to take about 24 months. During that period, the development is expected to generate employment, skills training and procurement opportunities for local businesses. Once operational, it is also aims to increase year-round demand for transportation, marine services, food and beverage suppliers and other tourism-related enterprises across the Grenadines.
Minister of Foreign Investment, Dwight Fitzgerald Bramble, who has responsibility for Invest SVG, said any major investment on Mayreau must preserve the island’s identity while delivering tangible benefits to residents.
“Mayreau is one of the treasures of Saint Vincent and the Grenadines. Any significant investment on the island must respect its character, its environment and, above all, the interests of its people,” Bramble said.
He added that the proposal places emphasis on responsible development, including reliable infrastructure, waste and water management, employment and training opportunities, while ensuring residents have a meaningful voice throughout the process.
Beyond the resort itself, Nativo Group has proposed an integrated strategy for water, waste and resource management designed to reduce waste generation and maximise the reuse of materials on the island.
The wider vision also includes potential community projects such as restoring the historic Mayreau Parish Church complex, village enhancement initiatives, strengthening water and energy resilience, supporting local food production, apprenticeship programmes and environmental restoration efforts. Invest SVG said priorities for these initiatives would be determined through community consultation, with appropriate governance and funding arrangements.
Danny Germaine, Chief Executive Officer of Nativo Group, said the company’s goal is to create a tourism development that reflects the character of Mayreau while delivering long-term benefits for its residents.
“The measure of success cannot simply be the hotel we create. If we are going to build and operate here for the long term, the investment has to create meaningful opportunities for the people already living and working on Mayreau. We want SOMA to contribute positively to the island, economically, environmentally and as part of the community,” Germaine said.
Invest SVG described the signing of the MOU as the next milestone in what it said is an already advanced programme of work surrounding the proposed eco-tourism development. The agency said the agreement also reflects its ongoing efforts to facilitate meaningful foreign direct investment in St. Vincent and the Grenadines.
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