It was recently reported in a national newspaper that the Government believes the sale of Walker’s Cay could be sealed by June, placing The Bahamas “back in play” as a top investment destination.
Khaalis Rolle, minister of state for investments, told The Tribune that the sale for Walker’s Cay was “very, very close”, with two rival groups vying to purchase the island.
He said that the imminent purchase is just one indication of the “new life” he and the Bahamas Investment Authority (BIA) were seeing, as investors ‘dusted off’ projects which have been on hold for several years due to the 2008-2009 recession.
“We’re doing some good things,” Mr Rolle said, indicating that the pick-up had been especially noticeable on Abaco. “We are now very close to a deal, we think, to getting Winding Bay restarted. There have been significant talks.”
Mr Rolle, meanwhile, was just as upbeat on the prospects of securing a buyer for Walker’s Cay. While declining to identify the two contenders, he said, “We’ve been having very productive talks on Walker’s Cay.
“We feel it will be finalised by June. There are two proposals. With this one, we’re very close. Very, very close.”