CONFIDENTIAL
the initial response to the scheme has been lukewarm as they see little potential in the Gibraltar economy. Moreover, given the level of investment required, Hong Kong businessmen can obtain the right of abode in more generally preferred destinations such as Canada and Australia. It
seems clear that, despite the carrot of right of residence, Hong Kong businessmen will only be persuaded to invest in Gibraltar if the project itself is intrinsically sound.
MTHARV/4
CONFIDENTIAL
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