February 12, 2020
A HEADS of Agreement for a $300m residential resort and marina in South Abaco is to be signed today, Prime Minister Dr Hubert Minnis revealed last night. Viewed as a project that will aid the economic revival of Abaco, the construction phase alone promises to create 600 jobs, the prime minister said. It is expected to open the door for entrepreneurial opportunities for Abaco residents and other Bahamians in agriculture, fisheries, heritage tourism and many other areas. “I am pleased to announce that the National Economic Council has approved the project for the construction of a five-star residential, resort and marina development in South Abaco,” Dr Minnis said in his first televised national address for the year. “The capital investment is approximately $300m and will help in the reconstruction and revival of Abaco.” A full size golf course is also a feature of the new residential resort.
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