Heads of Agreement Signed for $300 Million Abaco Resort

The Government of The Bahamas and Tyrsoz Family Holdings Ltd. signed a heads of agreement on Thursday for a $300 million up-market resort community that will provide hundreds of jobs and represents one of the largest ever for the island.

The development will include a wide range of amenities, including the expansion and upgrade of the Sandy Point airport, a marina, golf course, clubhouse, restaurants, a retail and residential component, swimming pools, waterpark, utility services, resort accommodations and related amenities.