Undersea resort to replace shipyards?

Cala dba UnderSea Resort is in the final stages of negotiations with the Maltese authorities to take over the Marsa shipyards with a view to build an "UnderSea Resort and Residences fleet", reports Euroinvestor. No public communication has been made by the Maltese government in connection with these plans. From Euroinvestor:

..The Marsa shipyard has one of the longest dry docks in Europe, and until a few years ago was also the home of the British Royal Navy. The company plans to start building its naval fleet as soon as the Maltese Government is ready to move forward with agreement. The company is also pleased to have attracted one of the most respected and prestigious investment firms in the world. This investment banking relationship is critical because the firm will likely have the role of major of equity partner for the amount of $200 million.

"While I was honored to be a guest of Malta, I received a warm response from Hon. Francis Zammit-Dimech, Minister of Tourism & Culture of Malta and Mr. Galea, Chief Officer of Malta Enterprise," Joseph Cala´ stated. The company´s immediate plan is to start construction for the UnderSea resort and casino for the pristine Qawra Bay in Malta, offshore Miami beach, Bahamas, New York City and San Francisco Bay. As a back up plan the company is negotiating with another nation to receive their shipyard under our control in case Malta Government has a change of heart. The local economics impact is tremendously positive because it takes about 3,000 employees to build our UnderSea Resort ships.

Reports of plans by Joseph Cala' to build undersea resorts in Malta first appeared six years ago; Deidre Woollard writes..