$800 million Kakano Abaco agreement signed

The Davis-Cooper administration signed an $800 million Heads of Agreement for the Kakona South Abaco Development.

Central and South Abaco MP John Pinder said the tourism development is set on private property, and will employing thousands of Bahamian workers when completed.

Kakano did not announce a date when construction on the project begins. However, Kakano expects its Abaco development to start ‘soon.’

The initiative, according to Deputy Prime Minister and Minister of Tourism Chester Cooper, demonstrates that The Bahamas is ‘open for business.’

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