Business Brief

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We have been informed that our land use application for the Cielo Mar project has been approved by the Mexican government. We are told to expect written confirmation by personal courier at our office in Ensenada this week, after which, we will make a formal announcement with further details.

Applications involving a change from rustic agrarian land to real estate land, such as the process we have gone through for Cielo Mar, are evaluated and approved by Mexico’s environment ministry, SEMARNAT (Secretaría del Medio Ambiente y Recursos Naturales), the Secretariat of Environment and Natural Resources. SERMANAT is responsible for the protection, restoration, and conservation of the ecosystems, natural resources, assets and environmental services of Mexico, with the goal of fostering sustainable development.

We can say now that we know, first-hand, the Cielo Mar project has the support of the governments of Baja California and Mexico at the highest levels. We can elaborate further on this at a later time, but our meetings with top officials confirmed, without a doubt, what we have also related in our blog and published materials, regarding the Mexican government’s strong interest in further developing the tourism industry in Baja California, an important part of which requires private investment in projects especially like Cielo Mar on the Pacific Coast. For more information about this, see our comments regarding Baja California tourism and Escalera Nautica in our feasibility overview for the project, that we published to the website on February 7, 2019.