Business

$1.2B In Investments Approved For Exuma

NASSAU, BAHAMAS – The deputy prime minister and area MP today gives figures on recent Exuma investments during the Exuma business outlook.

Published

1 year ago

October 20, 2022

Berthony McDermott

NASSAU, BAHAMAS – Hundreds of millions have dollars in investments have been approved for Exuma which no doubt will provide jobs for many Bahamians and boost the island’s economy. The figures coming from the deputy prime minister and area MP today, during the Exuma business outlook.

Deputy Prime Minister and Minister of Tourism Chester Cooper telling Exuma residents, the Davis administration approved $1.2 billion in new investments for the island since taking office.

Cooper explaining, approval was given for the development and operation of a new resort destination, marina, airport and golf course on one of the Exuma cays.

Phase one of this project is expected to begin in early 2023 and is expected to be completed in four years. This overall investment for the project is pegged at $260 million.

Then, there’s approval for an investor to acquire the remainder of leasehold interest in 155 acres on Little Sampson Cay and three acres on Middle Sampson Cay. This investment, according to Cooper is valued at $30 million.

There’s also $150 million investment for a private resort and marina on Big Sampson Cay, a $56 million investment for Elizabeth Island and a $3 million development project for a boutique resort on Staniel Cay.