Source: Date: Updated: |
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.
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)