Heads of Agreement Signed for Grand Lucayan Purchase

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(BIS Photo/Yontalay Bowe)

The Government of The Bahamas and Bahamas Port Investments Ltd. signed a Heads of Agreement with respect to purchase of the Grand Lucayan today, March 2, 2020.  Prime Minister, the Most Hon. Dr. Hubert Minnis (standing, second right) said the multi-million dollar investment “will go a long way in revitalizing Grand Bahama, with myriad economic and employment opportunities for more Grand Bahamians.”  

Seated at left are Royal Caribbean International President and CEO Michael Bayley (left) and CEO of ITM Mauricio Hamui, representing the Developer; and at right, Secretary to the Cabinet Camille Johnson (second right) and Director of Investments Candia Ferguson.  Standing from left: Minister Iram Lewis, Minister of State Kwasi Thompson, Deputy Prime Minister Peter Turnquest, Prime Minister Hubert Minnis, and Minister Dionisio D’Aguilar.

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