Mandarin Oriental Hotel Group has introduced its legendary hospitality to China’s capital with the opening of Mandarin Oriental Wangfujing, Beijing. The hotel is located on the upper floors of WF CENTRAL, one of the city’s premium lifestyle retail centres.
Mandarin Oriental, Doha is an intimate and stylish urban property located in the centre of Msheireb Downtown Doha, the new destination for leisure, living and business in the heart of this vibrant city.
PT Astra International Tbk and GOJEK announced an agreement to establish a joint venture that will enable more drivers to join the four-wheel ride hailing sector and hopefully to help increase the availability of online transportation services door to door for the society.
The first Mandarin Oriental property in the Middle East, Mandarin Oriental Jumeira, Dubai, will open its doors in the first quarter of 2019. Located in the heart of Dubai with pristine views of the beach, urban architecture and chic design, Mandarin Oriental Jumeira, Dubai is set to bring a new wave of luxury to the shores of Dubai.
Jardine Cycle & Carriage celebrates its 120th anniversary in 2019. Over the past 120 years, it has built a strong track record of investing in companies with robust financial performance, strong leadership, sound governance and long-term potential.
Mandarin Oriental Wangfujing, located in the heart of historic Beijing, with spectacular roof-terrace views of the Forbidden City, will open its doors in early 2019, the first Mandarin Oriental property in China’s capital.
Schindler offering comprises IOT-enabled elevator and escalator operations, preventive maintenance, and innovative building access systems including facial recognition and mobile access.
Mandarin Oriental has signed a management contract for a new hotel and branded residences in Moscow, which are expected to open in 2021.
Mandarin Oriental has announced that it will manage a new luxury resort on Phuket Island in Thailand which is scheduled to open in 2022.
The CENTRAL Rat Race made a triumphant return to Chater Road on 26th August, energising the city with fun, fast-paced action as more than 450 participants competed in support of a worthy cause.
Dairy Farm announced the combination of its wholly-owned food retail business, Rustan Supercenters, Inc., with Robinsons Retail Holdings Inc. received the approval of the Philippine Competition Commission. Completion of this transaction is expected to take place in the next couple of months, at which time a further announcement will be made.
Mandarin Oriental has announced that it has taken over management of CastaDiva Resort & Spa, an existing resort on Lake Como, Italy. The property will be rebranded as Mandarin Oriental, Lake Como in spring 2019 following a refurbishment of facilities. This will be Mandarin Oriental’s first resort in western Europe and will complement the Group’s Milan hotel.
Mandarin Oriental has announced that it will manage a luxury resort and residences on Grand Cayman in the Caribbean, currently scheduled to open in 2021.
Inaugurating Schindler Vietnam's 20-year anniversary, the opening event and showroom symbolises Schindler's continuous commitment and development of the elevator and escalator sector in Vietnam. The showroom further supports Schindler Vietnam's target of being the region's leading elevator and escalator provider.
Newly-launched Air Belgium has appointed Hactl to handle cargo for its new long-haul service between Brussels and Hong Kong.
Hongkong Land officially opened WF CENTRAL, its US$1.2 billion first flagship retail-led project in Beijing. It will play a crucial role in the redevelopment of the historic Wangfujing area of Beijing into a pre-eminent destination for retail, dining and commercial activities.
Mandarin Oriental has announced that it will manage a new hotel in Ho Chi Minh City in Vietnam, scheduled to open in 2020.
Mandarin Oriental has announced that it will manage a new resort and branded residences in Muscat, the capital of Oman, which is expected to open in 2021.
Gammon has been awarded by Wheelock and Company Limited a building contract for its residential development project at Lohas Park Package 9, Tseung Kwan O. The contract value is about HK$4 billion.
Hong Kong Air Cargo Terminals Limited (Hactl) has received the Hong Kong International Airport Environmental Management Recognition Scheme's Grand Award for its continuing efforts to reduce waste.
Dairy Farm announced it has agreed to partner with Robinsons Retail Holdings Inc., a Philippine listed multi-format retail group based in Manila, to build a leading food retail business in the Philippines.
In support of mental health, over 600 people, including Jardines’ executives, colleagues from Jardine Matheson Group companies, business associates, their families, friends and people recovering from mental illnesses, gathered together on Sunday 18th March 2018 to run or walk up 49 floors to reach the Penthouse of Jardine House at a height of 600 feet.
Mandarin Oriental has announced an agreement to brand and manage 34 luxurious Residences by Mandarin Oriental, Barcelona housed in a 20-storey tower, with a prime location at the intersection of Passeig de Gràcia and Avinguda Diagonal. The Residences are scheduled for completion in 2020.
Astra has announced a US$150 million equity investment (Rp2 trillion) in GO-JEK, Indonesia's largest on-demand consumer platform.
Mandarin Oriental announced that it will manage a new urban resort that is currently under development in Viña del Mar, Chile. The property will be a natural partner to Hotel Santiago, which the Group manages and will rebrand as Mandarin Oriental, Santiago following the first phase completion of a renovation later in 2018.
After the successful launch of Anandamaya Residences in 2014, its two developers Astra International and Hongkong Land are proud to introduce their next project: ARUMAYA. Strategically located in the TB Simatupang area, South Jakarta, ARUMAYA represents an investment value of Rp1 trillion.
WF CENTRAL and the Serpentine Galleries (London) announced a major international collaboration and the commissioning of a new architecture Pavilion at WF CENTRAL Beijing, designed by JIAKUN Architects.
YTO Cargo Airlines, the aircraft operating arm of Chinese courier firm YTO Express, has appointed Hong Kong Air Cargo Terminals Limited as its handling agent in Hong Kong.
Walk Up Jardine House, the annual fund raising event for the Jardine Matheson Group's in-house charity MINDSET, will take place on Sunday 18th March 2018.
WF CENTRAL announced a partnership with MAISON&OBJET, the acclaimed international authority for home decor, interior design, architecture and lifestyle culture and trends, to bring a special 'MAISON&OBJET Design Pavilion at WF CENTRAL' design showcase to China for the first time.
Mandarin Oriental announced that Hotel Ritz, Madrid will close on 28th February 2018 for €99 million (US$121 million) restoration, which is expected to complete in late 2019.
Gammon earned recognition from CIC Innovation Award in appreciation of its long-term innovation pursuit. The award is organised by Construction Industry Council in rewarding new technologies and scientific breakthrough in the construction industry.
Mandarin Oriental announced that it will manage a new luxury hotel and branded residences on Hanover Square in the heart of London's Mayfair district. The project is expected to open in 2021.
Jardine Cycle & Carriage has increased the Group’s exposure to the growing Vietnamese economy with the acquisition of a 10% stake in Vinamilk for US$1.15 billion. Vinamilk is the leading dairy producer in Vietnam.
MINDSET has joined forces with four non-government social services organisations to launch MINDSET College, Hong Kong's first recovery-oriented mental health education platform. It provides training courses that focus on building students' knowledge about recovery through the ‘co-production’ approach.
Mandarin Oriental announced that it will manage a luxury project in the heart of Beijing that is expected to open in 2018. Located in a traditional hutong quarter close to Tiananmen Square, the hotel will provide guests with a rare opportunity to experience luxury living in traditional and authentic Beijing surroundings.
JEC is pleased to announce that it has been awarded another significant contract from Airport Authority Hong Kong to construct two Baggage Handling Systems for arrival bags delivery and early bag storage at the Hong Kong International Airport.
Mandarin Oriental Hotel Group has signed a management contract for a new luxury hotel and branded residences to be developed in Melbourne, Australia. The project is expected to open in 2023, and is the group's first announced property in Australia.
Hongkong Land announced that this much-anticipated charity event will take place on Chater Road on Sunday, 15th October 2017, turning the Central Business District into a festival of entertainment that will include thrilling races and activities for all.
IOI Properties Group Berhad and Hongkong Land announced the signing of a Memorandum of Agreement and subject to certain regulatory and other approvals they will jointly develop and manage a prime land of approximately 1.1 hectares (118,400 sq. ft) strategically located within Marina Bay and the Central Business District of Singapore.
The Group has acquired a strategic 22% shareholding in Hong Kong-listed Greatview Aseptic Packaging Company Limited. Founded in mainland China, Greatview is the second-largest supplier of aseptic carton packaging in China and the third-largest globally. It operates primarily in China and Europe.
Mandarin Oriental announced that it will manage, and ultimately brand, a hotel currently operating in Santiago, Chile. This will be the group's first property in South America.
The Walk Up Jardine House brought together over 550 people, including Jardines' executives, colleagues from Jardine Matheson Group companies, business associates, their families, friends and people recovering from mental illnesses, to run or walk up 49 floors to reach the Penthouse of Jardine House at a height of 600 feet.
'Walk Up Jardine House 2017' will be held on Sunday, 19th March 2017 to raise funds for MINDSET for the promotion of mental health and to call for the elimination of stigma associated with people suffering from mental illness. To join the race, please call Jovie Leung on (852) 2579 2124 or register at www.walkupjardinehouse.com
Hongkong Land and Singha Estate entered into a Shareholders' Agreement to form a joint venture to jointly develop a super-luxury condominium project in Bangkok.
More than 400 runners and hundreds of spectators took over the heart of the city for the 11th CENTRAL Rat Race, organised by Hongkong Land.
Schindler and Huawei will cooperate in the future on the development of smart Internet-of-Things (IoT) components for a seamless connectivity of elevators and escalators.
JLT has been named the UK's number one broker in The Insurance Times Top 50 Brokers 2016, for the second year running. The annual list is considered by the insurance industry to be the definitive list of the top insurance brokers in the country.
Gammon is pleased to announce that it has been awarded an approximately HK$4 billion (US$516 million) superstructure contract by Taikoo Place Holdings Limited, a subsidiary of Swire Properties, for the redevelopment of Somerset House in Taikoo Place, Hong Kong.
Hongkong Land is pleased to announce that EXCHANGE SQUARE, its debut mixed-use development in Phnom Penh, Cambodia, was formally topped out at a ceremony attended by leading members of the government, business community and key partners.
Hongkong Land announced the 11th CENTRAL Rat Race will take place on Sunday, 16th October 2016, and it promises the most exciting, fun-filled race yet with new challenges, more runners, bigger crowds, and a host of creative activities for families and the wider community.
Over 500 Jardines' executives, employees from Jardine Matheson Group companies, business associates, families and their friends joined forces to raise over HK$3.3 million (US$425,500) in the annual Walk Up Jardine House. Participants ran - and some walked - up 49 floors, covering 947 steps, to reach the Penthouse of Jardine House at a height of 600 feet.
'Walk Up Jardine House 2016' will be held on Sunday, 17th April 2016 to raise funds for MINDSET for the promotion of mental health in the community with the aim of reducing the stigma associated with people suffering from mental illness. To join please call Jovie Leung on (852) 2579 2124 or check out its facebook page at www.facebook.com/WalkUpJardineHouse
An App for the Thistle magazine has been developed to allow readers to read the magazine on their mobile devices. Please scan the QR code to download the App to your mobile device.
2015 marked the tenth running of the CENTRAL Rat Race and the community was out in full force as costumed runners and exuberant spectators helped the popular event achieve excellent results.
Hongkong Land launched From Dream to Reality...The Story of Hongkong Land, an exhibition that recounts the history of the Company, one that is intertwined with the development of Hong Kong itself.
Mandarin Oriental announced the opening of its resort in Morocco, Mandarin Oriental, Marrakech.
Hongkong Land entered into a Framework Agreement with Shanghai New Bund International Business District Investment Group Ltd, a subsidiary of Shanghai Lujiazui (Group) Co., Ltd, which signifies the two parties' intention to jointly develop a prime site in Qiantan in Shanghai's Pudong New District.
Mandarin Oriental Hotel Group announced that it will manage a new luxury hotel and branded residences in Beirut. The hotel is currently under development and is scheduled to open in 2018.
Dairy Farm International Holdings Limited announced that the group has agreed to acquire a further 143,467,220 shares in a placement by Yonghui Superstores Co., Ltd for a consideration of approximately US$210 million.
Hongkong Land announced the ten winners of its Junior Rat Costume Design Competition. Open to children aged five to ten, the Competition is one of the community events being held this year to celebrate the 10th anniversary of the CENTRAL Rat Race.
Mandarin Oriental announced the opening of Mandarin Oriental, Milan.
Hongkong Land celebrated the topping-out of its Beijing flagship development WF CENTRAL.
Hongkong Land proudly announced the launch of the 10th CENTRAL Rat Race, which will be held on Chater Road on Sunday, 25th October 2015. This year's Race will feature new, creatively designed obstacles, plus an exciting array of 10th anniversary activities that will whet the appetites of those who are eagerly anticipating one of Hong Kong's signature charity events.
Mandarin Oriental International Limited announced that it is to acquire the Hotel Ritz, Madrid for €130 million (US$148 million) in a joint venture with The Olayan Group, a Saudi Arabian multinational group.
Over 500 Jardines' executives, employees from all business units, business associates, families and their friends joined forces to raise a record of over HK$4 million (US$516,000) to mark the 30th anniversary of Walk Up Jardine House. Participants ran - and some walked - up 49 floors, covering 947 steps, to reach the Penthouse of Jardine House at a height of 600 feet.
'Walk Up Jardine House 2015' will be held on Sunday, 19th April 2015 to raise funds for MINDSET for the promotion of mental health in the community with the aim of reducing the stigma associated with people suffering from mental illness. To join please call Tina Cheung on (852) 2579 2124 or check out its facebook page at www.facebook.com/WalkUpJardineHouse.
JLT announced that it has agreed to acquire Hayward Aviation Limited from Towergate Insurance Ltd for a cash consideration of £27 million (US$42 million).
Schindler has been awarded a large contract to supply 75 elevators and 46 escalators to the new VietinBank headquarters in Hanoi, Vietnam.
Hong Kong's most famous business district was transformed into a festival of fun as hundreds of costumed executives took to the streets for CENTRAL Rat Race 2014. Cheered on by throngs of colleagues, families, friends and fans, runners helped raise a record-breaking HK$3.08 million (US$397,000) for MINDSET.
JLT announced the significant expansion of its US specialty capabilities and the merger of JLT Specialty and Lloyd & Partners to drive a new phase of growth, following its successful acquisition of Towers Watson Re in 2013.
Dairy Farm International Holdings Limited announced that the group has agreed to acquire a 19.99% interest in Yonghui Superstores Co., Ltd by way of subscription of new shares for a consideration of RMB5.69 billion (US$925 million).
Hongkong Land announced the launch of 2014 CENTRAL Rat Race, which is being held for the ninth year. The CENTRAL Rat Race will once again raise funds for MINDSET, a mental health charity.
Gammon E&M Limited has recently been awarded two contracts by MTR Corporation for their Shatin to Central Link Project in Hong Kong, with a total value of HK$491 million (US$63 million).
Mandarin Oriental Hotel Group announced the opening of its newest hotel, Mandarin Oriental, Taipei.
'Walk Up Jardine House 2014' raises a record of over HK$3.8 million to fund the promotion of mental health in the community with the aim of reducing the stigma associated with people suffering from mental illness.
'Walk Up Jardine House 2014' will be held on Sunday, 23rd March 2014 to raise funds for MINDSET for the promotion of mental health in the community with the aim of reducing the stigma associated with people suffering from mental illness.
Jardine Strategic Holdings Limited announced that it has agreed to invest US$731 million in Hong Kong-listed Zhongsheng Group Holdings Limited through an equity stake and convertible bonds.
Astra International, Indonesia's largest publicly listed company and Aviva plc (Aviva), the UK's largest insurer, signed an agreement to form Astra Aviva Life, a 50-50 joint venture to sell and distribute life insurance products in Indonesia.
Prime Minister David Cameron of the United Kingdom laid the foundation stone for WE City, an extensive mixed-use development project in a prime area of Chengdu, earmarked as its new financial district. The project is being developed by Hongkong Land together with KWG Property Holding Limited.
JLT announced that it has invested in a significant shareholding in Insure Direct (Brokers) LLC, the leading Dubai based insurance broker and employee benefits adviser.
JLT announced that it has agreed to acquire Independent Risk Solutions, a marine specialty broker based in the Netherlands, from Brokerage World Solutions.
Hongkong Land marked the 20th anniversary of its entry into the Vietnam property industry through its joint venture Central Building, a premium office and retail development in the heart of Hanoi. Leading members of the business community, senior government officials and diplomats commemorated the occasion in Hanoi.
Remarkable results at the CENTRAL Rat Race 2013 − Over 460 participants help raise HK$3 million (US$377,000) for MINDSET, making 2013 the event's biggest, best year ever.
JLT and Towers Watson have announced that JLT will acquire the reinsurance brokerage business of Towers Watson for a cash consideration of US$250 million.
Jardine Matheson Director Lord James Sassoon as chairman of the China-Britain Business Council led a British delegation to Xiamen, China in September 2013 for the 17th China International Fair for Investment and Trade. During an interview with China Daily, Sassoon said that trade and investment between China and the UK will skyrocket as the world's second largest economy increasingly moves into service-based industries including finance and architecture.
Astra Toyota AGYA is officially launched to the customers as Toyota responds to government regulations and also completes the Toyota product line up in compact car segment with a 1.000 cc. Vehicle.
PT Astra Daihatsu Motor (ADM) officially launched the Daihatsu AYLA in Jakarta on 9th September 2013. It became the first sole agent brand to launch a four-wheeled motor vehicle that is energy efficient and available at affordable prices /Low Cost Green Car.
Gammon Construction Limited has been awarded by HKSAR Highways Department a HK$8.66 billion (US$1.12 billion) design and build contract for the construction of the Southern Connection Viaduct Section of the Tuen Mun-Chek Lap Kok Link (TM-CLKL) in Hong Kong.
Hongkong Land announced that the CENTRAL Rat Race will once again transform Hong Kong's business district into a corporate carnival as part of its commitment to support the community.
Marina Bay Financial Centre (MBFC), the largest integrated mixed-use development in Singapore's new downtown, celebrates its grand opening today, reinforcing Singapore's position as one of the leading major business and financial centres of Asia.
Jardine Lloyd Thompson has acquired PT GESA Assistance (GESA) and PT Global Asistensi Manajemen Indonesia (GAMI). Both businesses are highly regarded and successful healthcare management and third party administration service providers in Indonesia.
Mandarin Oriental Hotel Group announced the opening of its second city hotel in China, Mandarin Oriental Pudong, Shanghai.
'Walk Up Jardine House 2013' raises a record of over HK$3.7 million to fund the promotion of mental health in the community with the aim of reducing the stigma associated with people suffering from mental illness.
'Walk Up Jardine House 2013' will be held on Sunday, 17th March 2013 to raise funds for MINDSET for the promotion of mental health in the community with the aim of reducing the stigma associated with people suffering from mental illness.
Gammon − Kaden Joint Venture wins a HK$3.4 billion (US$438 million) contract to construct Hung Hom North Approach Tunnels for the Shatin to Central Link.
Mandarin Oriental Hotel Group announced that it has, pursuant to a preliminary sale agreement, acquired an option to purchase the freehold interest in the building housing Mandarin Oriental, Paris and two prime street front retail units from Société Foncière Lyonnaise ('SFL') for €290 million (US$374 million).
Executives Run Wild at CENTRAL Rat Race 2012 − Event draws over 460 participants, generating HK$2.65 million (US$342,000) for mental health charity MINDSET.
Hongkong Land and Standard Chartered Bank (Hong Kong) Limited (SCBHK) announced that SCBHK has committed to lease the whole of The Forum at Exchange Square which is scheduled to re-open in early 2014.
Hongkong Land announced that the CENTRAL Rat Race will be held on Sunday, 14th October 2012, when executive teams will run through the streets, prime office buildings and pedestrian walkways of one of the world's most famous business, finance and lifestyle hubs.
'Walk Up Jardine House 2012' raises a record of over HK$3.4 million to fund the promotion of mental health in the community with the aim of reducing the stigma associated with people suffering from mental illness.
Hong Kong Air Cargo Terminals Limited (Hactl) - the leading air cargo terminal operator at the world's largest airfreight hub - warmly welcomes the positive findings of the recent consultation on the question of building a third runway at Hong Kong International Airport (HKIA).
The sixth annual CENTRAL Rat Race raised a record-breaking HK$2.62 million (US$336,000) for beneficiary MINDSET - which provides support to mental health organisations and projects in Hong Kong and mainland China - with participation from over 450 individuals.
Hongkong Land Limited announced that it is to develop a premier integrated retail centre on a site in Wangfujing, located in the heart of Beijing. Hongkong Land's 95%-owned subsidiary, WFJ Development Ltd, won the site by tender for RMB2.9 billion (US$455 million). The total site area is some 27,200 sq. m. and the total gross floor area of the completed development will be approximately 131,100 sq. m.
Hongkong Land announced that the CENTRAL Rat Race 2011 will be held on Sunday, 16th October, when the streets of Hong Kong will once again come alive with hundreds of executive teams scurrying their way to corporate glory.
'Walk Up Jardine House 2011' raises a record of HK$3.1 million to fund the promotion of mental health in the community with the aim of reducing the stigma associated with people suffering from mental illness.
Hongkong Land Limited announced that, Hongkong Land (Singapore) Pte Ltd, a wholly-owned Group subsidiary, had agreed to purchase the Cambodian freehold property portfolio of JSM Indochina Limited ('JSM') for US$33.65 million.
Jardine Airport Services Limited (JASL) announced the launch of its new uniform for all frontline ground staff with full implementation at Hong Kong International Airport.
Jardine Engineering Corporation (JEC), together with its partners, Kingsford and FF Cruz, have been awarded two sewage treatment projects in the Philippines.
Hong Kong Air Cargo Terminals Limited (Hactl) is pleased to announce that Juneyao Airlines, a fast-growing carrier based in Shanghai, has appointed Hactl as its cargo ground handler at Hong Kong International Airport to support its new service between Hong Kong and Shanghai.
Jardine OneSolution has reached agreement to acquire the IT distribution businesses of SiS International Holdings Limited in Hong Kong, Singapore and Malaysia. The transaction, at a consideration of approximately US$130 million, is expected to complete in early 2011.
CENTRAL Rat Race celebrates 5th anniversary with a birthday street party
Mandarin Oriental Announces New Luxury Hotel in Shanghai
JEC Philippines Awarded Contract by B/E Aerospace
Gammon Wins HK$2.9 Billion Contract to Construct Approach Tunnel for the Express Rail Link
Europe's leading independent insurance brokers announce a closer affiliation
Mandarin Oriental Announces Luxury Residences and Apartments in Macau
Hactl Continuing Shareholders Increase Interests
The CENTRAL Rat Race Turns 5! Hongkong Land celebrates popular charity event with a new birthday party theme
CENTRAL Rat Race 2009 Electrifies Hong Kong - More than 500 Participants Charge Ahead at the Heart of the City; Raises HK$1.33 Million for MINDSET
A Tale of Rats to Riches in an Energetic CENTRAL - Fourth annual CENTRAL Rat Race aims to invigorate the city amid the global economic crisis
'Walk Up Jardine House 2009' Lifts the Spirit for Charity - Over HK$1.9 million raised to fund schools mental health promotion programme - 'Health in Mind'
Mandarin Oriental Announces an Exclusive Hideaway Resort in the Maldives
Gammon Construction Wins Contract for Hong Kong Pavilion
Mandarin Oriental Hotel Group Plans New Hotel and Residences in Atlanta, USA
Gammon wins contract to reconstruct and improve Tuen Mun Road - Eastern Section
CENTRAL Rat Race 2008 a Runaway Success - Third annual event attracts 400 participants, raises HK$2.38 million for mental health
Mandarin Oriental Announces Luxury Hotel in Moscow
Rats to rule the streets of CENTRAL in October - Third annual CENTRAL Rat Race 2008 aims to raise funds for mental health
Hongkong Land announced that the banking and insurance group Fortis has signed a lease for nine floors of Three Exchange Square, roughly tripling its presence in the Grade A office building.
'Walk Up Jardine House 2008' Sparkles for Charity - Over HK$2 million raised to fund mental health promotion programme - 'Health in Mind'
The traditional Jardines' Midnight Gun Salute to the New Year was fired by Mrs Eugenia Wu, wife of Dr James Wu, Chairman of Maxim's Group who retired on 1st January 2008. Dr Wu remains on the Maxim's board as an Honorary Chairman.
Mandarin Oriental Hotel Group announced that it will manage a 153-room luxurious resort and branded Residences at Mandarin Oriental currently under development in the exclusive enclave of Marbella. The development, which will open in 2010, extends Mandarin Oriental's renowned levels of hospitality into a second Spanish destination for the Group.
CENTRAL Rat Race 2007 raises HK$2.23 million for mental health - Close to 400 executives race through CBD in suits and sneakers for charity
Mandarin Oriental Hotel Group announced that it will manage a new luxurious 125-room resort on the island of St. Kitts in the British West Indies, which will open in 2010. The resort will be an integral part of Christophe Harbour, a 2,400-acre project being developed along the coastline of both the Caribbean Sea and Atlantic Ocean.