NASSAU, Bahamas – The Bahamian government says the multi-million dollar Cotton Bay Holdings project when completed will provide between 250 to 300 stable employment jobs for the people of South Eleuthera.
Prime Minister Phillip DavisPrime Minister Phillip Davis said that the US$200 million project reflects the confidence international investors have in the Bahamas, the local economy and the people.
“It also reflects something more profound, the belief that growth should reach every corner of our nation, and that no island should be left behind.”
Prime Minister Davis said that the first phase of the project will result in the development of 320 acres and includes a 115-room luxury hotel, 40 private villas, a restored golf course, restaurants, a commercial center and employee housing.
He said during construction, 200 jobs will be created and once opened, 250 to 300 Bahamians will find stable employment.
“For many families, this will mean more security, more opportunities, and the ability to plan ahead with confidence. And that is what good government is about. Creating the conditions for working people to build better lives, for themselves, for their children, for their communities.”
Prime Minister Davis said it is also important to say that growth cannot come at any cost and that it must be responsible, fair and must include the people who call this island home.
“This government has made it a requirement, across every major investment, that Bahamians be involved, from day one. Not only in labor, but in management. Not only in service, but in ownership. The days of being observers to our own development are over,” Davis said, adding “the developers behind this project have worked closely with the Bahamas Investment”.
He said that the government will hold every developer accountable to these commitments “because the future we are building demands more than ribbon cuttings. It demands results. It demands integrity”.
Prime Minister Davis said he knows the project will be a turning point, “not just for this community, but for how we think about development in our islands”.
