By LINDSAY THOMPSON
NASSAU, Bahamas, January 25, 2019 (BIS) – Prime Minister Dr. the Most Hon. Hubert A. Minnis has thrown his Government’s support behind the Sterling Hurricane Hole Community Resort and Marina to be constructed on the eastern end of Paradise Island.
On Friday, January 25, 2019, the Prime Minister delivered remarks and participated in a ground-breaking ceremony for the proposed $250 million project, which is expected to employ hundreds of Bahamians during the construction and completed phases.
The Prime Minister underscored the importance of such projects to the growth of the economy, which he pointed out is making progress, and that such investments will help to achieve such goals.
Sterling Hurricane Hole is among the $3.7 billion dollars in foreign investment projects that the Government has approved since mid-2017. Last year the Prime Minister also participated in a ground-breaking ceremony for the $120 million dollar GoldWynn Hotel and Residences project on Cable Beach, just east of Goodman’s Bay. Additionally, a number of large-scale New Providence-based Bahamian-owned tourism projects are in the works, as well as other projects on the Family Islands.
“Developments like this demonstrate that investors continue to value The Bahamas as a world-class destination and an excellent place for investment,” the Prime Minister said.
The project is expected to provide a $250 million boost to the economy. It is also projected to provide approximately 3,000 construction jobs over a five-year period. Moreover, when completed, it will provide 500 full- and part-time jobs.
