Antigua & Barbuda: UWI signs US$80m loan agreement with Saudi Development Fund for expansion of Five Islands campus

The University of the West Indies (UWI) has welcomed the US$80 million loan agreement signed yesterday between the Antigua & Barbuda government and the Saudi Development Fund for the expansion of the Five Islands campus.

UWI Pro-Vice Chancellor, Professor Sir Hilary Beckles, who was at the signing ceremony, said the agreement is a significant milestone in the development of the campus in Antigua.

Prime Minister Gaston Browne, says the benefits of the loan agreement will go beyond building a knowledge economy.

Mr Browne says it represents a form of economic diversification in which, Antigua will be exporting educational services to the Caribbean and the rest of the world.