"The great geographical distance between our two countries has not impeded our friendship," Chinese Ambassador Hu Dingxian said at the groundbreaking ceremony. "This project is evidence.
NASSAU, Bahamas — Chinese and Bahamian dignitaries celebrated Monday as workers broke ground on what is being billed as the largest project of its kind in the Caribbean – a megaresort that will be financed and largely built by Beijing.
Baha Mar, a $3.4 billion complex on Nassau's Cable Beach, will employ some 8,000 workers and is projected to generate a 10 percent boost to the Bahamas gross domestic product, according to development company Baha Mar Ltd.
The development plan calls for four hotels with a total of about 2,250 rooms, as well as a golf course, retail space, a convention center and what the developer says will be the largest casino in the Caribbean.
It is scheduled to open in December 2014 and is aimed largely at North American consumers, who make up the vast majority of tourist visitors to the Bahamas, said Don Robinson, president of Baha Mar Ltd.
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