Carnival Cruise Line has just revealed what officials are calling a “mega” cruise port in Freeport, Grand Bahama island.
The “Grand Port” project is slated for completion in late 2021. according to a statement from the government of The Bahamas.
It is expected to create at least 1,000 jobs during the construction process according to Prime Minister Dr Hubert Minnis.
The port will be the largest Carnival Cruise Port in the world, Minnis said, part of a plan to make the Bahamas “one of the best cruise destinations in the Caribbean.”
“This ambitious port project represents one of the more significant opportunities for Grand Bahama in decades,” Minnis said. “What is being proposed will prove to be a significant catalyst for economic growth in Grand Bahama.”
Carnival executives explained their plans for the project during an “information meeting” in Grand Bahama this week.
The new cruise port could mean more than 1 million annual cruise passengers to Grand Bahama.
The project is expected to cost several hundred million dollars.
“The key will be for Grand Bahama to develop attractions and interesting excursions to draw the people out of the Port,” said Tourism Minister Dionisio D’Aguilar. “So, I’m challenging the residents of Grand Bahama to come up creative business ideas that will draw those people out of that port, spending money in our economy.”
This project will be the catalyst for economic growth that Grand Bahama so desperately needs. The increase of over 1 million annual visitors will boost the tourism industry on the island which will also create an increase in other industries that are also attached to tourism such as the Bahamas real estate market.
Currently real estate properties on Grand Bahama are selling for an all time low. It is an investors dream! With the announcement of this new port, it is safe to assume that the demand for real estate in Grand Bahama will increase which will ultimately drive prices.
With 1,000 new jobs & 1 million new visitors created by the cruise port, executives and employees alike will require rentals and new visitors to the island will be exposed to the potential to find their dream home in Grand Bahama.