Heads of Agreement Signed for $300 Million Project in South Abaco

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The Government of The Bahamas signed a Heads of Agreement with Tyrsoz Family Holdings Ltd. on Thursday, February 13th for the development of a $300 million project, considered one of the largest investments for the island of Abaco. Prime Minister the Most Hon. Dr. Hubert Minnis said at the Signing Ceremony that building the project in South 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 the Hon. Darren Henfield, Minister of Foreign Affairs; the Hon. 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. 

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