Abaco received the brunt of the destruction caused by Hurricane Dorian in September 2019. Since then the island’s economy has been struggling. While attending a groundbreaking ceremony for a resort project on Montage Cay, Minister of Tourism, Investments and Aviation, the Hon. Chester Cooper spoke to members of the media about the rebounding of the Abaco economy.
He said, “we have another project in south totaling about $1 billion, roughly. We have this development which is about $300 million. There are several smaller investments, rebuild jobs in Hope Town and the rest of the cays since Hurricane Dorian. Abaco has really been a very interesting island for investors, much of it is restoration as a result of the damage caused as a result of Hurricane Dorian but some of it is new build, like this here. So we’re excited about the rebound that we’re seeing and this development is not just a rebuild but, you know, it really revolutionizing, really, what we’re seeing here in terms of development.”
Cooper also announced that a new airline will be providing service into Abaco. “We have a new airline that’s going to be providing business class seats into this area. As you know there is a close connection with Palm Beach and the Abacos, we expect it only to grow. All of the islands across The Bahamas airlift is up and we expect that it will match the growth that we’re seeing in tourism.”