A Belgian billionaire has a quiet, ambitious plan to create the “Dubai of the Caribbean” on the island of Nevis, said The Brussels Times. Olivier Janssens, who holds Nevisian citizenship through an investment scheme, has unveiled plans for “Destiny”, a “libertarian community with its own legal system” on the Caribbean island.
The “multibillion-dollar project” is likely to involve a “massive reshaping of the south coast of the island” where the development “is already displacing long-term residents by buying their land”, said the Financial Times. It forms part of a wider trend known as the “network state” movement, in which tech billionaires are attempting to establish “their own, more libertarian, territories”.
Destiny is closer to fruition than most because St Kitts and Nevis recently passed new legislation to allow the creation of so-called Special Sustainability Zones, where “innovative approaches to the governance of tech and digital assets” can be trialled, said Cryptopolitan.
The optics of a “foreign-led takeover” of Nevisian land have sparked a “fiery” debate, said Jam Radio. Former prime minister Timothy Harris described the project as an instrument of “neo-colonialism” and a “return to plantation-era subjugation”.
Janssens has promised that Destiny will be “open to Nevisians and remain under government jurisdiction”, said the Daily Mail, and has pledged a “$50 million [£37.3 million] investment in Nevis’ infrastructure”. The project will serve as a “defining test of how far the island is willing to go in reimagining development, law, and partnership with global capital”, said St Maarten’s The Daily Herald. |