Irish investment and building group, Century Development is to build a USD120m (€76m) tourist project in the Caribbean paradise island of Grenada.

The development will include the construction of a 65-room boutique hotel, 31 luxury villas, 40 two-bedroom suites, condominiums and apartments, a waterfront restaurant, sporting centre, beach club and 100 boat decks at Fort Jeudy on the island.

According to a statement issued by the Grenada government, the project will create jobs for about 300 people and will also contribute to increasing the country's room stock as the region undergoes a tourism boom.