National

Freeport Needs To Be An International Commercial Hub For Diverse Investment

GRAND BAHAMA, BAHAMAS – The recent Grand Bahama Business Outlook bringing together stakeholders, business owners and all interested in the economic future of the island.

Published

1 year ago

February 16, 2025

Megan Shepherd

GRAND BAHAMA, BAHAMAS – The recent Grand Bahama Business Outlook bringing together stakeholders, business owners and all interested in the economic future of the island.

Executive director of the Grand Bahama Port Authority, Rupert Hayward, emphasizing the importance of improving the ease of doing business with the goal of attracting foreign direct investors…

Hayward noting that special economic zones, or S-E-Zs are nothing new, dating back to ancient Greece, however, the accolade of the first S-E-zzin the modern era belongs to the city of Freeport, but what does the competition look like today across the region?

Hayward further breaks down the potential earnings the city is missing out on.

He poses the questions, what would it take for Freeport to regain its rightful place as one of the leading S-E-Zs in the world, or for Freeport, to at least scale the three billion dollars stable and slated for the island to reach 30 or 40 billion dollars every year?