Dubai-based Range Developments has started work on its new Park Hyatt hotel and resort project, a move which will create around 350 new jobs on the Caribbean island.
When completed, the Park Hyatt St Kitts, which was first announced in July 2012, will be a major highlight of Christophe Harbour, a 2500-acre resort community on the island's south east peninsula.
The development will feature 200 rooms and up to 43 branded residential villas and apartments across three phases.
Mohammed Asaria, who is vice president of Dubai-based Range Developments told the Associated Press news agency construction of the first phase will create around 350 new jobs on the island.
The luxury resort will be surrounded by world-class recreational facilities, including a Tom Fazio-designed golf course and yacht club, the statement added.
The Dubai developer said it has presented the formal design plans to a senior delegation from the Government of St Kitts & Nevis, led by Dr Denzil L Douglas, Prime Minister.
It added that it could offer investors "unique investment opportunities" as well as eligibility for St Kitts citizenship.
The first phase of the project is due to be completed in 2015.