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  HOME | Caribbean

Developers Earmark $600 Million for Bahamas Resort

SAN JUAN – Malaysia-based Genting and BB Entertainment have quadrupled the resources they are committing to Resorts World Bimini, the Bahamian government said Monday.

“Resorts World entities and BB Entertainment have revised their business plan from an investment of $150 million in the resort project to now $600 million,” Prime Minister Perry Christie said during the signing of a new agreement.

The expanded investment will further boost the “thriving economy of Bimini,” according to the government.

The new plan calls for an additional 100 rooms; airport expansion; a new ferry pier; and construction of 448 units of employee, among enhancements.

Christie said the project has already created 525 permanent jobs for Bahamians and that another 100 positions will come into existence with the completion of the new hotel by year’s end.

Resorts World Bimini is a 750-acre property on the north side of the island of Bimini, 50 miles from Miami.

 

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