Grand Bahama Aims To Be Global Cruise Ship Repair Center With 1200 Jobs
Prime Minister and Minister of Finance, Philip Davis has signed off on an agreement with Grand Bahama Shipyard for a $665 million-dollar-transformation project set to position the shipyard as a premier cruise ship and global vessel repair facility.
The project, announced earlier, is expected to bring billions of dollars in economic impact to Grand Bahama’s economy over the next 25 years and make it the world’s largest cruise ship repair facility.
Grand Bahama Shipyard shareholders for the past 24 years have been Carnival Corp. & plc, Royal Caribbean Group and Grand Bahama Port Authority.
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