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Government signs HoA on $300m project in South Abaco

The government of The Bahamas signed a Heads of Agreement with Tyrsoz Family Holdings Ltd, February 13, 2020 for the development of a $300 million project, one of the largest undertakings for South Abaco. Pictured: Prime Minister Minnis, left, shakes hands with Tyrsoz Family Holdings Ltd's Ronnie Ben-Zur. (BIS Photos/Yontalay Bowe)

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TheBahamasInvestor.com
Friday, February 14, 2020
Friday, February 14, 2020

The government of The Bahamas signed a Heads of Agreement with Tyrsoz Family Holdings Ltd, February 13, 2020 for the development of a $300 million project, one of the largest undertakings for South Abaco.

Prime Minister Dr Hubert Minnis in his remarks said that building the project on Abaco demonstrates the strong confidence investors have in the government and the country.


The developers are proposing a world-class, environmentally sustainable luxury island retreat with local appeal, community participation while maintaining the natural charm of the environment.

“Abaco is on the move,” the Prime Minister said, adding that the rebuilding of North Abaco has begun following the destruction caused by Hurricane Dorian about five months ago.

“Today’s signing is an important part of the post-Dorian reconstruction and rebuilding effort.”

The Prime Minister was accompanied by Darren Henfield, Minister of Foreign Affairs; Dionisio D’Aguilar, Minister of Tourism and Aviation; Camille Johnson, secretary to the Cabinet; David Davis, permanent secretary, Office of the Prime Minister; and staff of the Bahamas Investment Authority, Office of the Prime Minister.

Government signs HoA on $300m project in South Abaco

Pictured: Signing of Heads of Agreement for $300 million development in South Abaco, February 13, 2020 in Sandy Point. Prime Minister Dr Hubert Minnis is pictured, centre, with Tyrsoz Family Holdings Ltd. financial advisor and real estate developer Ronnie Ben-Zur. (BIS Photos/Yontalay Bowe)

The Bahamas is to maintain close ties with the UK in trade and commerce after Brexit, according to Prime Minister Dr Hubert Minnis, as the British High Commission in The Bahamas reopens its office in Nassau.

The Cabinet Office has announced that Prime Minister Dr Hubert Minnis will travel to Bridgetown, Barbados today to attend the 31st Inter-Sessional Meeting of the Conference of Heads of Government of the Caribbean Community.

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