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News : Bahamas Information Services Updates Last Updated: Feb 13, 2020 - 3:37:21 PM

Heads of Agreement Signed for $300 Million Project in South Abaco
By Lindsay Thompson
Feb 13, 2020 - 3:30:47 PM

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Signing of Heads of Agreement for $300 million development in South Abaco, February 13, 2020 in Sandy Point. Prime Minister the Most Hon. Dr. Hubert Minnis is pictured, centre, with Tyrsoz Family Holdings Ltd. Financial Advisor and Real Estate Developer Ronnie Ben-Zur, and Secretary to the Cabinet, Camille Johnson. (BIS Photo/Yontalay Bowe)

SANDY POINT, South Abaco - The Government of The Bahamas signed a Heads of Agreement with Tyrsoz Family Holdings Ltd., February 13, 2020 for the development of a $300 million project, one of the largest undertakings for this island community.

Prime Minister the Most Hon. Dr. Hubert Minnis in his remarks said that building the project on 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.

(BIS Photo/Yontalay Bowe)

"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.

(BIS Photo/Yontalay Bowe)

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