Prime Minister Expresses Frustration Over Grand Lucayan Project

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NASSAU , BAHAMAS – A bit frustrating is how Prime Minister Philip Davis, described the delay in getting the Grand Lucayan project off the ground.

With a new deal announced on Friday, the PM said that he’s pleased by the progress now being made.

Prime Minister Philip Davis admitted he’s had some frustrations about the process to redevelop the Grand Lucayan Resort.

However, recent movement on the project has been encouraging, according to the PM.

When cornered by reporters on the sidelines of a PHA Academy Class of 2026 graduation ceremony, Prime Minister Davis said despite the slow start, he’s now seeing signs of movement.

Philip Davis – Prime Minister

“It’s been working on the project. It doesn’t happen overnight. And I’m pleased to see the progress he’s now making. I was a bit frustrated for quite a while because it was moving slow, but as I always said, patience, it’s a virtue that brings success.”

The PM was asked about the project nearly a year after the government signed a $120 million Heads of Agreement with Concord Wilshire in May 2025.

There has been little visible movement, raising concerns among Grand Bahamians about the project’s future.

Since then, the resort went through a redundancy exercise, letting go of hundreds of its employees.

Now a new agreement could signal a turning point.

Concord Wilshire recently announced it has partnered with CTL Marine, a subsidiary of MSC Cruises, to help advance a multi-phase redevelopment of the property.

Including a mega yacht marina and integrated casino resort, along with future plans for the Ancient Waters Beach Hotel & Casino Resort.

Including the area known as The Reef into a new MSC beach club for cruise passengers.

The project is expected to be done in phases, with demolition set to begin once environmental approvals are in place, but there’s still no firm timeline for completion.

The cruise-based development alone is projected to bring in more than one million visitors each year, a move many hope will boost economic activity in Port Lucaya and across Grand Bahama.

This latest deal comes after months of speculation that the project had stalled, claims the government has denied.

When asked for clarity on if MSC could play a major role in the development, Davis had this response.

Philip Davis – Prime Minister
“What more do you need to know?”