A heads of agreement (HOA) with Holistica might not materialize until closer to the end of the 2019, Minister of Tourism and Aviation Dionisio D’Aguilar told Guardian Business yesterday, adding that negotiations are “complex”. Holistica is the new destination company forged by a partnership between Royal Caribbean Cruises (RCL) and the ITM Group, which is working with the government on a deal to redevelop the Grand Lucayan resort complex and transform Grand Bahama’s cruise port into an adventure park.

D’Aguilar added that the HOA with Global Ports Holding for the redevelopment and operation of Prince George Wharf could be close. He said those negotiations are also still ongoing.

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