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PM touts $8bn in international investments

Prime Minister Dr Hubert Minnis has announced that $8 billion in international investments have been approved as of May 2019. Pictured: Prime Minister Dr Hubert Minnis contributes to the 2019/20 Budget Debate in the House of Assembly, June 19, 2019. (Photo courtesy BIS)

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TheBahamasInvestor.com
Thursday, June 20, 2019
Thursday, June 20, 2019

Prime Minister Dr Hubert Minnis has announced that $8 billion in international investments have been approved as of May 2019.

That amount includes the $100 million Carnival Cruise Port for Grand Bahama, and new developments throughout the island chain, he said.

The Prime Minister was contributing to the 2019/20 Budget Debate in the House of Assembly June 19, 2019.


He outlined achievements over the past two years and unveiled plans for the ensuing three years, aimed at the further development of the country.

“We now have the lowest annual deficit in 10 years, as the country turns the page on the reckless spending and financial wasteland that was a hallmark of the past government,” the Prime Minister said.

“We are in negotiations for a mega project that will transform Freeport, including the Grand Lucayan properties, into one of the premiere destinations in our region.”

The Prime Minister noted that his government is also investing in jobs, education and training, home ownership, and granting access to land for Bahamians.

He then reported that The Bahamas has had two straight years of positive growth.

“In the last two years we have improved revenue across the board,” he said.

And, over the next three years, he envisioned that plans would be made manifest throughout The Bahamas.

“We will not rest in our efforts to create a better, brighter, more prosperous and safer country for all Bahamians.”

The Prime Minister said that it is his great privilege to lead the effort in building a fairer and more just society.

Director general of The Bahamas Ministry of Tourism and Aviation, Joy Jibrilu, led The Bahamas contingent at the recent Caribbean Tourism Organization Week 2019, in New York City.

Parliament passed Dr Hubert Minnis administration's 2019/20 Budget this week. Watch a ZNS News report here.

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