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.