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Government and Baha Mar sign $350 million Heads of Agreement for resort’s expansion

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By LINDSAY THOMPSON
Bahamas Information Services

 

NASSAU, The Bahamas –– The Government of The Bahamas and Baha Mar entered into a Heads of Agreement for a $350 million expansion of the resort on Cable Beach.

It was deemed “a big day for tourism and investments” in the country, as it also marked the beginning of an exciting new chapter for Baha Mar.

The agreement was signed during a press conference held on Wednesday, September 18, 2024 at Baha Mar’s Rosewood property.

In attendance were the Hon. Philip Davis, Prime Minister and Minister of Finance; the Hon. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments and Aviation; Secretary to the Cabinet Mrs. Nicole Campbell; Phylicia Woods-Hanna, Director of Investments; Graeme Davis, President of Baha Mar; Robert ‘Sandy’ Sands, Baha Mar Senior Vice-President; and other officials.

“Today’s signing is a clear indication of the strength and resilience of our tourism industry and economy and a reminder of the opportunities ahead,” said Prime Minister Davis. “Today marks the beginning of an exciting new chapter for Baha Mar, one that underscores the strength of our nation’s tourism industry and its incredible potential.”

He observed that the expansion of Baha Mar, with its continued investment in the development of Cable Beach, is a shining example of how the country continues to attract significant global investment.

“This project represents a commitment to the ongoing growth of our economy and the enduring confidence investors have in The Bahamas.”

From developing a new condominium-hotel complex to expanding world-class amenities, this expansion will further elevate Baha Mar’s already outstanding reputation as a premier destination.  Baha Mar plans to add a 4th luxury resort as the next phase of its continued development: the groundbreaking ceremony is scheduled for 2026 with a projected opening in 2029. It will engage a workforce of about 400 at construction site, and 500 employed upon completion.

Designed by internationally recognized architect and designers Foster + Partners, the resort will be situated on 12 beachfront acres where Melia Nassau Beach resort once stood.  It will feature 350 rooms and 50 luxury branded residences overlooking the turquoise waters of Cable Beach. Amenities will include four new restaurants, a 14,000 square-foot world-class spa and fitness centre, luxury retailers, pools, and additional family amenities.

The new hotel will also feature 25,000 square-feet of dedicated indoor and outdoor event space, a 10,000 square-foot ballroom, 6,000 square-foot junior ballroom, and entertainment lounges.

These initiatives will aim to enhance guest experiences and create hundreds of new jobs for Bahamians, ensuring that Baha Mar continues to be a key driver of economic success.

“This dawn of a new chapter for Baha Mar is a signal to the world that The Bahamas is open for business, ready to embrace new opportunities, and steadfast in our vision of sustainable growth.

“Baha Mar’s continued growth is a powerful demonstration of what can be achieved through true partnership,” the prime minister said.

He added that the expansion reaffirms the strength of the government’s relationship with CTF BM Holdings and its parent company, highlighting their deep-rooted commitment to the country’s development.

“Let this be a model for future projects — where collaboration, mutual respect, and shared goals can unlock extraordinary potential,” he said.

Tourism Minister Cooper called it a “transformative announcement”, and that Baha Mar has already provided a significant boost to the local tourism product over the past seven years.

He said this speaks to the “long-term commitment” by a significant corporate citizen that the nation is poised for prosperity, and that it was “a big day for tourism and investments.”

Baha Mar’s Graeme Davis, too, underscored the importance of the expansion project to the Bahamian economy.

“Baha Mar is committed to creating spectacular experiences and this $350 million capital investment in our world-class resort collection underscores Baha Mar’s role as a catalyst for continued economic growth and job creation in The Bahamas,” Mr. Davis said, adding that Baha Mar was grateful to the government for its continued support and the collaborative partnership in bringing about this new development.

In conclusion, the prime minister said, “Friends, we are entering a brave new era.  An era defined by the remarkable investments we see today and the full maximization of Bahamian potential.

“While we celebrate the expansion of Baha Mar and welcome new investments, what matters most to me is ensuring that Bahamians are not just participants, but leaders in our tourism industry,” he said.

 

PHOTO CAPTIONS

BIS Photos/Kemuel Stubbs

Header: The Government and Baha Mar entered into a Heads of Agreement for a $350 million expansion of the resort on Cable Beach. The agreement was signed during a press conference held on Wednesday, September 18, 2024 at Rosewood, Baha Mar.  Pictured from left: the Hon. Philip Davis, Prime Minister and Minister of Finance; Phylicia Woods-Hanna, Director of Investments; Secretary to the Cabinet, Nicole Campbell; Graeme Davis, President of Baha Mar; Alistair Chisnall, Partner, GrahamThompson; Sandy Sands, Baha Mar Senior Vice-President; and the Hon. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments and Aviation.

1st insert: The Government and Baha Mar entered into a Heads of Agreement for a $350 million expansion of the resort on Cable Beach. The agreement was signed during a press conference held on Wednesday, September 18, 2024 at the Rosewood property.   Pictured left to right: Phylicia Woods-Hanna, Director of Investments; the Hon. Philip Davis, Prime Minister and Minister of Finance; Secretary to the Cabinet, Nicole Campbell; Graeme Davis, President of Baha Mar; Sandy Sands, Baha Mar Senior Vice-President; and the Hon. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments and Aviation.

2nd insert: Government and Baha Mar officials arrive for the signing of a Heads of Agreement for a $350 million expansion of the resort on Cable Beach.  The HOA was signed during a press conference, September 18, 2024 at Rosewood, Baha Mar.   Pictured from left are the Hon. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments and Aviation; the Hon. Philip Davis, Prime Minister and Minister of Finance; and Graeme Davis, President of Baha Mar.

3rd insert: The Hon. Chester Cooper, Deputy Prime Minister and Minister of Tourism, Investments and Aviation looks at the renderings of the expansion of Baha Mar.

Bahamas News

Human Trafficking Keeps Growing Despite Global Efforts to Combat It

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From: Bahamas Information Services
By LLONELLA GILBERT

 


NASSAU, The Bahamas — Minister of National Security the Hon. Wayne Munroe said despite global efforts to combat it, Human Trafficking keeps growing.

“It thrives where there is poverty, a lack of education or any area in which there is a conflict,” the National Security Minister said at the Opening of the Bahamas National Neighbourhood Watch Council Two-Day Workshop on Human Trafficking at the Paul E. Farquharson Centre, Police Headquarters on Wednesday, September 25, 2024.

He explained that there are countries in our hemisphere where those three issues are happening and persons from those nations are being trafficked to The Bahamas and elsewhere.

“It is happening in our country, so there is no point seeking to hide our head in the sand and saying it is happening somewhere else.”

The Minister noted that authorities have found young Bahamian girls who were trafficked for sexual exploitation by family members.

He said human trafficking continues to be a problem because it is a lucrative industry.

The Minister explained that the International Labour Organization statistics show that over $150 billion was made from human trafficking in 2017.

He said local law enforcement officials need all the help they can get to address this problem.

The Minister said, “Therefore, it is critical for the National Neighbourhood Watch Council and its constituent neighbourhood watch associations to be part of the effort to eliminate modern day slavery.”

Trafficking in Persons Task Force Chairman, Assistant Superintendent of Police (ASP) Indirah Belle said the United Nations Office on Drugs and Crime estimated that in 2022, 50 million persons were illegally trafficked globally; and in the Caribbean and Latin American region most are girls under the age of 18.

ASP Belle said although there are instances of Bahamians being trafficked, The Bahamas is mainly a destination and not a source country.

She said human trafficking is known as transporting people against their will and is different from human smuggling.

ASP Belle explained that human trafficking is not voluntary while human smuggling is voluntary and people usually pay to be taken across borders.

She also explained that people are being trafficked not only for cheap labour and the sex industry.

ASP Belle said people are being trafficked for their organs.  A heart can go for $120,000, a kidney for $150,000, a pancreas for $125,000 and a stomach for $500,000.

She said some of the causes for human trafficking include poverty, lack of education, abuse, homelessness, family dysfunction, political instability, unemployment, civil unrest/armed conflict and natural disasters.

ASP Belle explained that human trafficking can be prevented by dealing with the root causes.

She said this can be done by:

  • Reducing the vulnerability of potential victims through social and economic development;
  • Discouraging the demands for the services of trafficked persons;
  • Public education;
  • Law enforcement interventions/healthcare interventions/social assistance;
  • Preventing the corruption of public officials; and
  • Creating employment opportunities

PHOTO CAPTION

Minister of National Security the Hon. Wayne Munroe brought remarks at the Opening of the Bahamas National Neighbourhood Watch Council Two-Day Workshop on Human Trafficking at the Paul E. Farquharson Centre, Police Headquarters, on Wednesday, September 25, 2024.  Trafficking in Persons Task Force Chairman, Assistant Superintendent of Police (ASP) Indirah Belle was the main presenter at the workshop.      (BIS Photos/Patrice Johnson)

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Bahamas News

DPH Administrators encouraged to embrace innovation, strengthen communication channels, uphold highest standards

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NASSAU, The Bahamas — Minister of Health and Wellness the Hon. Dr. Michael Darville is continuing a comprehensive administrative approach to the delivery of healthcare across the country.

On Monday, September 16, 2024 he officially opened a four-day conclave hosted by the Department of Public Health for administrators in New Providence and the Family Islands.

Held at Breezes Resort on Cable Beach, the conclave brought together Clinic Administrators under the theme: ‘Embracing Transformation…The Way Forward.’

The objective is to foster collaboration among administrators and provide a platform for sharing the successes and challenges encountered in managing healthcare services and delivery throughout The Bahamas.

”Ladies and Gentlemen, it is a privilege to welcome you …  and to give God thanks for health and strength as we come together as a family to discuss the state of our nation’s healthcare system and the road map ahead over the next two years,” said Dr. Darville.

He told them that as key leaders in public service, they play a vital role in the success of the healthcare system.

“You are the gatekeepers and drivers of public health. Our success depends on your leadership, professionalism, and commitment to providing quality care and services,” he stated.  Dr. Darville said that he has a role to play as well stating: “I am even more energized and determined to execute my Ministry’s transformative agenda for healthcare.”

Administrators were encouraged to embrace innovation and strengthen communication channels within their teams and the Department of Public Health.

Presenters were scheduled to tackle key areas such policy updates, operational procedures and future strategies for enhancing healthcare delivery.  The sessions were designed to equip administrators with the tools and insights necessary for continued growth and transformation in the health sector.

The Ministry of Health & Wellness and the Department of Public Health remain focused on building a more inclusive, efficient, and resilient health care system throughout The Bahamas.

“It is essential that you act as the bridge between the Ministry, Department of Public Health and the communities you serve,” Dr. Darville said.  “Going forward we all must remain informed on current policies, protocols, and health initiatives so that you can provide accurate guidance to staff and ensure quality service delivery,” he added.

Dr. Darville then charged the administrators to uphold the highest standards of customer service within their health facilities.

“The public deserves to be heard, respected, and valued when seeking healthcare.  Each patient interaction is an opportunity to build trust in our healthcare system and communities,” Dr. Darville said.

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Tourism Minister tells Washington investors it is still “Better in The Bahamas”

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NASSAU, THE BAHAMAS — Addressing an Investment Forum in Washington DC, the Deputy Prime Minister and Minister of Tourism Investments and Aviation the Hon. Chester Cooper said it is “Better in The Bahamas” when it comes to doing business.

“If you’re looking to do business and to invest, The Bahamas is better than ever before,” he said as he urged potential investors to take advantage of opportunities being rolled out by the Bahamas Government.

Deputy Prime Minister thanked Bahamas Ambassador to the United States, His Excellency Wendall Jones for organizing this important event.
“This is a most progressive initiative. We are taking a monumental step today to forge progressive partnerships for the prosperity of our country:

Said differently, we are here to do business. We want to do business with you.”

The deputy prime minister, who was a businessman before entering politics, shared first-hand experience of doing business in The Bahamas which he described as “an amazing place” to do so.

“I quickly grasped a few basic principles as an entrepreneur: understand your market, create something of value, then market your product.  Now, I carry those principles with me in government, as minister of tourism,” he said.

According to the minister, it is not incredibly difficult to sell a vacation to The Bahamas.  He confirmed that the government is committed to providing the necessary support to help ensure investment is a success, through the one-stop facilitation of the Bahamas Investment Authority.

“We have a strong brand, but God has done most of the work in positioning the Islands of The Bahamas.”

He noted that the country’s beauty is incomparable and it’s easily accessible from major tourism markets – two hours from DC and 27 minutes from Miami.

“However, we still sell it and constantly work on strengthening that product. I’m also the minister of Investments.  And if you think about it, that makes sense,” he said.

Many of the reasons tourists come to The Bahamas, are the reasons that investors should consider The Bahamas, according to the minister.

He noted the dollar parity with the United States, a stable democracy, and peaceful hospitable people.  And, visa-free seamless travel from the US with Pre-Clearance and TSA checks.

“We have a strong growing economy that has allowed us to build modern infrastructure throughout our archipelago,” the minister said, adding that more direct flights are being scheduled between The Bahamas and the US.

The minister touted record tourism arrival numbers: in 2023 arrival of 10 million visitors which was an increase of more than 30 percent ahead of 2019 pre-pandemic levels. Already this year the country is seeing a 15 percent growth in overall arrivals, over the 2023 record.

He then shared recent policy initiatives aimed to make The Bahamas more attractive, reducing carbon footprints and enhancing environmental resilience.

This is being achieved through the National Investment Policy, which is designed to attract investment in alternative energy, green technology, eco-tourism and carbon credits.

“We are also advancing The Bahamas as a digital society, fully embracing smart technology and the digital economy,” he said.

Another area shared by the minister is progressive legislation benchmarked against international best practice including: Digital Assets and Registered Exchange Act, the Longevity and Regenerative Therapies Act, the Climate Change Initiative Act, the Carbon Credit Trading Act, and Cannabis measures.

“All innovative pieces of legislation that demonstrate our commitment to innovation and to revolutionizing our economy that open new vistas for our country, in a secure, transparent and well-regulated way,” he said.

In health care, finance, education, financial services and tourism, he said AI applications are vast and will play a crucial role in shaping the future of the Bahamian economy.

The minister said another way to invest in The Bahamas is through Public-Private Partnerships (PPPs) that have been critical to the success of many government projects, and they remain a key strategy as in the continued building of infrastructure.

Of note, is the keen interest of the US Exim Bank and Chairman Reta Jo Lewis in supporting and funding US companies seeking to do business in The Bahamas, he shared.

“What I am saying is that we are open for business and in the last three years we have attracted more than $10 billion in new foreign direct investments.

“This includes a $600 million ship repair facility in Grand Bahama Island, capable of accommodating the largest ships in the world, and a $600 million cruise port by Carnival Cruise lines.”

He pointed out that the Family Islands Renaissance Project aims to modernize more than a dozen airports across the country, improving connectivity, boosting tourism, and creating jobs.

“We are building new hospitals and clinics, launching wellness and rejuvenation clinics and will have one the best healthcare systems in the Caribbean in the coming years,” the minister said.

 

(BIS Photos/Kemuel Stubbs)

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