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Baha Mar calls for privacy during talks

Baha Mar Ltd issued a statement yesterday saying that it will not disclose any of the details of ongoing discussions with concerned parties regarding the completion of the construction of the multi-billion dollar resort on Cable Beach. Read the statement here. 

Tuesday, July 14, 2015
Tuesday, July 14, 2015

Baha Mar Ltd has issued the following statement with regard to discussions underway with involved parties:

“It is clear that we and our government in The Bahamas recognize the importance to The Bahamas of completing construction and successfully opening Baha Mar as soon as possible. We appreciate the government’s efforts to try to help all parties work together to achieve a consensual resolution in a timely manner.

“We at Baha Mar want this, have an urgency to reach an appropriate resolution, and look forward to participating in discussions this week in China.

“As the government of The Bahamas has made clear in communications with us, the discussions to achieve the resolution are directly between the private parties–Baha Mar; China State Construction, the general contractor and its affiliates; and the lender, the Export-Import Bank of China, with the Bahamian government volunteering to be neutral in this process.

“Since the discussions are between the private parties, and the sensitivity of their content is critical to being able to try to work toward a consensual resolution, Baha Mar plans not to make any public statements on the discussions as they occur and, if at all, until they are concluded.

“We would hope all those attending conduct themselves in a similar fashion so that the private parties have the most conducive environment in which to undertake this effort.”

Harbour Island, The Bahamas was voted Best Island in the Caribbean by Travel + Leisure’s readers, taking one of the top honors in the publication’s World’s Best Awards 2015. The award was based on travelers’ ratings of their experiences in the annual World’s Best Awards 2015 readers’ survey.

Luxury watch maker Breitling recently launched its new collection from Switzerland at an invitation-only event for its Bahamian clientele at the Nassau boutique outlet.

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