30 Jun 2003

New resort in Samoa expected to attract other investors

7:35 am on 30 June 2003

Samoa's most well known hotelier, Alan Grey, believes overseas investors will gain confidence investing in the country when his new resort gets built.

Speaking at the ground breaking ceremony of the 140 room resort, Mr Grey said he was confident that there would be positive benefits in the very near future.

The country's airline, Polynesian, has partly blamed a shortage of top accommodation for it being forced to return a leased 737-800 jet.

The Chief Executive Officer, John Fitzgerald said the private sector failed to take advantage of the capacity opportunities being provided by Polynesian.

However tax and duty incentives aimed at encouraging investment and comparable to those offered by other South Pacific destinations have only been in place for a month