Baha Mar Celerates First Milestone
Baha Mar, the largest single-phase resort development in the history of the Caribbean, celebrates the opening of West Bay Street, completing the first milestone in the mega-resort construction.
The road was diverted from its original location to allow for the 1,000 acre mega resort’s innovative design footprint. In partnership with Export-Import Bank of China (EXIM Bank), China State Construction Engineering Corporation (CSCEC), government authorities and Bahamian workforce and firms, Baha Mar will elevate The Bahamian Riviera to the paramount destination for sophisticated international travelers.
The Chinese partnership with Baha Mar is unprecedented in the hospitality industry. With total assets of approximately $77 billion, CSCEC, the largest construction contractor by market value in China, was commissioned to fulfill Baha Mar’s vision of establishing a unique, “destination within a destination” featuring stunning structures that complement the authentic beauty of The Bahamas. Additionally, EXIM Bank, China’s leading financial lending institution, invested $2.45 billion for the development.Baha Mar, cable beach, construction, hotels, resorts, tourism