Nassau Cruise Port Set for $250 Million Revamp
by Daniel McCarthy
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Global Ports Holding (GPH), the world’s largest cruise port operator, scored approval from the Bahamas Ministry of Tourism this week to redevelop Nassau’s Prince George Wharf, one of the most popular cruise ports in the world.
GPH’s $250 million winning proposal will see the port’s births go from six to eight and will also bring a new terminal building, locally owned retail stores and restaurants, and new event space, all of which is expected to help revitalize downtown Nassau. GPH has recently completed similar deals with Havana and Antigua.
GPH Chairman and Co-Founder Mehmet Kutman called the port “iconic” in a statement announcing the news. The group will now work with the Bahmaian Investment Fund, which owns 49 percent of the project, and the Yes Foundation, which owns two percent, to sign a concession for the port.
Nassau currently welcomes more than 3 million cruise passengers per year.
