GOV’T SIGNS HOA FOR $56 MILLION DEVELOPMENT ON ELIZABETH ISLAND, EXUMA

Prime Minister Philip E. Davis (third from left) and Deputy Prime Minister Chester Cooper (second from left) with principals of Ki’ama Bahamas, a $56 million, 36-acre development on Elizabeth Island, Exuma, and other officials at the signing of a HOA on Thursday, March 9.

NASSAU, Bahamas, March 9, 2023 — Prime Minister Philip E.  Davis and Deputy Prime Minister Chester Cooper today attended the Heads of Agreement (HOA) for The Bahamas’ first fully sustainable, zero carbon, solar-powered residence and yacht resort community, the Office of the Prime Minister announced.

Ki’ama Bahamas, a $56 million, 36-acre development on Elizabeth Island, Exuma, will be completely sustainable, featuring a two-acre protected marina, six private beaches, 28 solar powered residences, and resort amenities like a beach club, restaurants, spas, and pools. Even the yachts will be solar-powered – and they will be operated by Bahamians.

The project is expected to produce approximately 40 to 50 Bahamian construction jobs for three-to-four years and 70 to 85 Bahamian resort jobs upon completion.

With plans to develop only 18% of the property, Ki’ama Bahamas will be the lowest environmental impact development in the Caribbean. Natural materials will be used to build roads and recycled shipping containers for swimming pools.

One percent of each property sale will be donated to Silent Catch, a local non-profit, to support sustainable fishing, local culture, reef restoration, and mangrove preservation.

The construction phase of Ki’ama is expected to begin next month, and is expected to be completed by the end of this year.

According to information on its Website, “Dedicated to creating a low environmental footprint and preserving locale eco-systems, Ki’ama’s 36-acre site on the private island will include only 18% of the land developed, making it the lowest environmental impact of any development in the Caribbean. The pools are even made using recycled shipping containers with little to no excavation.

“Additionally, the homes are free from invasive infrastructure or diesel generators with minimal obstruction to the surrounding land, a unique design that results in abundant owner use while consuming less land with fewer homes. With sleek modern lines, the solar-powered homes at Ki’ama Bahamas maximize the ventilation and light of the island with soaring 12-foot ceilings; meanwhile, its interior lighting meet the standards for being “Dark Sky” compliant, making a seamless experience for stargazing. The homes are also built with timber frames engineered to withstand a Category 4 hurricane.

“With a heart for sustainability, developer EcoIsland Development, along with Silent Resorts and Silent Yachts, have created eco-preservation charitable component as well in which one percent of all residence sales will be donated to Silent Catch, a nonprofit supporting the electrification of local artisanal fishing fleets, preservation of mangrove habitats and the funding of reef restoration.

“The club will supply a fleet of 60- to 80-foot luxury solar powered catamarans, eliminating fossil fuel engines and their impact on the environment, high operating costs and maintenance. Ki’ama Bahamas represents the first location of the future Ki’ama brand of resort developments, setting the standard for eco-conscious development around the world.”