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PM to open Grand Bahama Tech Summit

Prime Minister Dr Hubert Minnis is expected to be the keynote speaker at the opening of the Second Annual Grand Bahama Technology Summit, November 14-16, 2018 at the Grand Lucayan. (Stock photo)

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TheBahamasInvestor.com
Tuesday, November 13, 2018
Tuesday, November 13, 2018

Prime Minister Dr Hubert Minnis is expected to be the keynote speaker at the opening of the Second Annual Grand Bahama Technology Summit, November 14-16, 2018 at the Grand Lucayan.

Speaking during the opening ceremony of a recent Blockchain and Crypto Currency Conference also held in Freeport, Prime Minister Minnis said: “Our government recognizes that in order for the economy to grow, we must diversify and create other opportunities for Bahamians to be successful.”


“I firmly believe in growing a diverse technology industry sector in The Bahamas, where entrepreneurs can start and grow new technology companies. We must also welcome existing global technology players to move their operations to The Bahamas, which will have a meaningful impact on our economy and can be achieved in a relatively short period of time.”

The Prime Minister pointed out that Grand Bahama is the ideal location in The Bahamas to establish and grow a technology cluster of blockchain, and other software, companies that can jumpstart the technology industry in The Bahamas.

In spite of the challenges that come with establishing and growing a technology sector, Prime Minister Minnis said The Bahamas is uniquely positioned to quickly become the jurisdiction of choice for technology companies, particularly block chain technology companies, and Fintech solution providers.

“With its close proximity to the US, its diverse economy, and its efficient internet capabilities, Freeport, Grand Bahama is ideal for becoming a technology hub,” added Prime Minister Minnis.

The Deputy Prime Minister and Minister of Finance Peter Turnquest led a delegation to Brussels and Paris this week, for frank discussions with high ranking officials within the European Commission and the Organization for Economic Co-operation and Development on The Bahamas’ compliance with international standards on tax governance.

The Prime Minister address to The Bahamas Institute of Chartered Accountants and the Finance Minister’s meeting with the Organisation for Economic Co-operation and Development top the news in The Bahamas. Listen to an audio news round-up from Bahamas Information Services here.

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