Arjona, Juanes and Beto Cuevas drawn to invest in Dominican tourism

Crooners Ricardo Arjona, Juanes and Beto Cuevas have aired their interest in investing money in the Dominican tourism through the Arabian Nights Resort project in Punta del Valle, near the Samana Bay.

During their stay in this country for the President Latin Music Festival, the singers said to be interested in pouring some money into the tourist project now underway in Punta del Valle at a price tag of $60 million.

Local newspaper Listin published that Arjona, Juanes and the leader of Chilean rock band La Ley paid a visit to the groundbreaking works of the compound with Dominican entrepreneur George Nader, one of the project’s investors and partners.

Mr. Nader explained that Guatemalan songwriter and singer Juanes and Chilean rocker Cuevas speechlessly amazed by the zone where such top artists as Dominican Juan Luis Guerra, Colombian heartbreaker Shakira and Spanish songster Julio Iglesias plan to own their own villas.

“The main goal here is to lure pop music stars and that’s why we’ve given away 400 yards to Shakira, Alejandro Sanz, Miguel Bose and Juan Luis Guerra", Mr. Nader pointed out.

The Arabian Nights Resort will embrace 140,000 square yards of facilities and a half-mile beach featuring a marina, a pier for 100 vessels, 24 villas that embrace as many as 650 square yards, a recording studio and a spa.

The location is some 245 kilometers from Santo Domingo and is dubbed Punta de Valle. Since it’s sandwiched between two mountains, service providers were bound to by a helicopter to chopper visitors until a road a built. The villa’s price tag will be $3 million.

The forerunning investors, led by Jordan Prince Mohamed Al-Saled and entrepreneurs Mustafa Abu-Naba and George Nader, forked over $10 million upfront for the construction works.