March 23, 2010

Chinese Mega Resort May Transform Bahamas

Boosters in the Bahamas say a multi-billion (US) dollar deal between Armenian tycoon Sarkis Izmirlian and the Export-Import Bank of China to build the Baha Mar resort complex is moving forward and will revive Bahamian tourism. Hopes are Baha Mar will lure Chinese tourists and bring new focus to Nassau. An agreement was signed earlier this month in Beijing with China State Construction Engineering Corp. to begin building on Cable Beach. Baha Mar will feature a Jack Nicklaus golf course, casinos, and hotels, condos, and spas under brands W, St. Regis, Westin, among others....

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