GB Port Authority hosts Genting Group
In collaboration with the Government of The Bahamas, and with the support of key stakeholders, executives of the Grand Bahama Port Authority Limited (GBPA) hosted a six man 1 woman team of the Genting Group Wednesday past.
The visit to Grand Bahama was part of an exploratory fact finding mission, supporting the government's initiative to reduce energy costs, and to promote economic development throughout The Bahamas.
With Grand Bahama as the second leg of a three island tour, inclusive of Abaco and Eleuthera, GBPA executives made full use of its eight hour window, to display the grandeur of the City, via numerous tours, coordinated with industry partners.
Their purpose, to scout out potential investment and development opportunities beneficial to the islands, as well as to any of its organization's three investment divisions of oil and gas, leisure and gaming and energy.
GBPA's executive team consisting of Vice Chairman Sarah St. George, President Ian Rolle, VP Henry St. George, and VP Ginger Moxey along with Geron Turnquest President of Grand Bahama Utility Company and Tyrone Fitzgerald, Group General Council, were on hand to receive the group for an early morning meeting and presentation at GBPA's headquarters building.
"GBPA works closely with the Government of The Bahamas and the Minister for Grand Bahama, and we were delighted to host this visit by the Genting Group at the Prime Minister's request," stated president Rolle. "Although the cost of power generation was the group's main focus, we did our best to provide Hong and his team with a comprehensive overview of the island's economic sectors, including Manufacturing and Trade, Industry and Energy, Tourism and Commercial and lastly Finance and Real Estate," Rolle continued.
Following an extensive presentation on GBPA, the City of Freeport and the Hawksbill Creek Agreement, Genting officials met with a number of industry leaders, including Mrs. Sarah McDonald of EMERA and Grand Bahama Power, Godfrey Smith and Sherry Brooks of the Hutchison Group; Robert Gaffney of BORCO/Buckeye Partners L.P., and Ben Davis of the Grand Lucayan Resort.
"During this visit we hosted members of Genting's Energy division, but I'm confident that we have presented Grand Bahama in its entirety, as a multifaceted investment platform," VP Moxey explained.
"With the assistance and collaborative efforts of our stakeholders, GB Power, BORCO/Buckeye and the Hutchison Group, we did a successful job, that shows promise for future opportunities," Moxey concluded.
The leisure and gaming division of the Genting Group are no strangers to the Bahamas, as they have developed properties in the Bahamas before. In 1986, in a joint venture with The Bahamas Government, Genting opened the Lucayan Beach Resort and Casino in Freeport, Lucaya.
Additionally, government recently announced Genting's partnership with RAV Bahamas to develop a U.S. $20m, 10,000-sq.ft., casino at the Bimini Bay Resort and Marina in North Bimini Island, slated to open this December. This project is expected to create more than 300 jobs for the island.
Pleased with their meetings, site tours and discussions with various island stakeholders, Hong and his team departed Grand Bahama at 4:00 p.m., in route to Abaco, for meetings there.
© 2012 The Freeport News