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A Special International Report Prepared by The Washington Times Advertising Department - Published on March 29, 2000

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Advertisers

 Dupuch & Turnquest & Co.

 Cable Bahamas

 Bahamas Investment Authority - Light Industry

 Hotel Corporation of The Bahamas

 The Bahamas Maritime Authority

 Dockendale Shipping Company Limited

 Clipper Group

 The Central Bank Of The Bahamas - Financial Services Board

 The Islands Of The Bahamas

 Bahamas Telecommunications Corporation (BaTelCo)

 Bradford Grand Bahama

 Motherwell Bridge Bhicam Limited

 Lloyd Werft

 The Grand Bahama Development Company

 Hutchison Port Holdings Group

 Bahamas Investment Authority - Investment Opportunity

 Securities Commission of The Bahamas

 The Central Bank of The Bahamas

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A Special International Report Prepared by The Washington Times
Advertising Department
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Written by:
Jessica Wilt
Marketing Director:
Nadira Ullyett
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For more information, call
The Washington Times International Advertising Department
at (202) 636-3035
(202) 635-0103 fax
e-mail: natlad@wt.infi.net

Director, International Business Development
Carl Hagen
Production Supervisor:
Jill Koehler
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Ann Englehart
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Earl Murton Associates, LLC

Copyright © 2000 News World Communications, Inc.

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Grand Bahama Island: A destination reborn

Grand Bahama Island, located just 52 miles from the East Coast of Florida, is undergoing a transformation in its tourism industry.

Investment is pouring into Freeport, Grand Bahamas’ capital city and the second largest city in The Bahamas, and is growing the economy, improving the infrastructure and injecting new life into the tourism sector.

Unlike Nassau, The Bahamas capital city, where mega hotels line busy beachfront and the pace is more frenetic, Grand Bahama has a balance of city attractions but an unhurried pace, more than 100 miles of pristine beaches and a myriad of eco-tourism activities.

“We are transitioning from the old image of Grand Bahama that had a dated hotel product, undercapitalized resorts, and focused primarily on Freeport/Lucaya, to the new image which is to promote Grand Bahama Island as a whole,” said David L. Johnson, executive vice president of the Grand Bahama Island Tourism Board. “This better represents the beauty of the destination, highlights the experiences we have to offer and has been attractive to our target market worldwide. We have been successful in attracting new investment,” he added.

New hotels are being re-furbished and others are being built to the tune of hundreds of millions of dollars with an emphasis on an upscale market and on families. “Grand Bahama is a family destination and we intend to develop more product for that sector,” said Johnson.

Grand Bahama Island as a destination has much to offer. “We are not just sun, sand and sea,” said Johnson. Indeed true, there are several world-class marinas, three championship golf courses, with additional courses being developed, a casino, with another one under construction, and plenty of duty-free shopping.

The International Bazaar offers a cultural tour of the world through its plethora of boutiques and restaurants and Port Lucaya Marketplace and Marina offers six acres of shopping, culinary delights and entertainment. For those who want to take something home that is truly Bahamian, The Bahamas’ Arts & Crafts Straw market sells locally produced jewelry, paintings and other handicrafts made of straw and wood.

While these amenities, coupled with numerous white sand beaches, would make any tourist destination complete, Grand Bahama Island also has an abundance of eco-tourism activities. According to Johnson, this is an area on which the Grand Bahama Tourism Board is focusing heavily.

Eco-Tourism and Grand Bahama

With the slogan “On our island Mother Nature invents the attractions” The Eco-Tourism Association of Grand Bahama, a subcommittee of The Grand Bahama Tourism Board, composed of a group of seven nature-based companies, is working to promote distinct and varied eco-tourism activities.

“We have six different eco-systems here on Grand Bahama and diverse flora and fauna. As two-thirds of the island is undeveloped, it gives us the opportunity to show off our natural environment,” said Erika Gates, president of the Eco-tourism Association.

Gates explained that visitors to Grand Bahama can engage in any number of activities such as bird-watching excursions; a tour of Garden of the Groves, a twelve-acre botanical garden; snorkeling; diving; kayaking through a mangrove swamp; nature walks through Lucayan National Park; biking along a path that settlers once walked; exploring caves and caverns; offshore and deep sea fishing; and wilderness horseback riding among other activities.

“We have more than 200 species of birds here on Grand Bahama Island. We have 18 species, that we call the Grand Bahama specialties, that do not occur in the United States, Canada or Europe,” said Gates. Among the unique birds found are the Stripe-headed Tanager, the ground foraging Red-legged Thrush, and the acrobatic nectar and insect-eating Bananaquit. As more than 60 million bird watchers are in the United States alone, bird watching could become an import draw to the island.

The Dolphin Experience

Another whimsical activity found on Grand Bahama is the Dolphin Experience. For those who have dreamed of swimming with the Dolphins, you have finally found a place to do so. The Dolphin Experience offers a variety of activities ranging from an introductory informational session, where participants may get into waist-high water with the dolphins, to the ability to swim with one of the 17 dolphins that call Sanctuary Bay home. Those who want to spend the day at Sanctuary Bay can join the Assistant Trainer Program for ages 16 and up.

The Dolphin Experience also takes the dolphins out to open sea to swim with divers; it is one of the only facilities in the world that offers this activity.

One of the trainers explained that the Dolphin Experience, started in 1987, is designed to be an interaction and conservation effort and to teach people what needs to be done to keep the environment safe for the animals. Nine of the dolphins at Sanctuary Bay have been born at the facility.

Planning for the Future

Conservation and education are two of Grand Bahama Island’s biggest challenges. One of the island’s biggest assets is its pristine environment. The government is demonstrating a commitment to protection and preservation, having enacted its first environmental law in 1997, which protects trees.

“It is very important to educate residents as well as developers and industry about the natural beauty and natural resources that the island has so that as the island develops these natural resources are considered, preserved and protected,” Gates said.

Gates noted that the Eco-Tourism Association works closely with school groups, taking the children on tours and explaining to them their role in preservation and the job possibilities that they have in the eco-tourism arena.

Getting there

American Eagle, Bahamasair, Gulfstream (Continental Connection), Laker Airways and Linx Air International all offer frequent service to Grand Bahama. Starting on Dec. 16, 1999, TWA announced non-stop jet service from La Guardia Airport to Freeport.

While jet service to the island is frequent, two types of high-speed boats are also operating into Grand Bahama. Traveling between Miami and Freeport, The Cat is a high-speed catamaran with airline-style seating that features a casino, snack bar, movies and bingo during the two-hour passage time. Seajets, a new service leaving from the port of Palm Beach, features a jetfoil that literally flies over the surface of the sea. It seats 250 passengers and has a travel time of one hour and 39 minutes.

These services, coupled with increased international air traffic and cruise ships, will dramatically increase the numbers of visitors to the islands.

“If you want to get away from it all but with the modern amenities, come to Grand Bahama,” said Gates.

With a slogan like “on our island the welcome mat stretches for miles,” and a new outlook, Grand Bahama Island is attracting attention.

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Table of Contents

The Bahamas: An established tourism and tax-free financial services center experiences a renaissance

Slated for an April opening, Bahamas Stock Exchange to be a leader in its class

New e-commerce center will make Freeport a global financial hub

The peaceful revolution of politics in The Bahamas

Financial Services Board promotes government-private sector collaboration in the financial services sector

BEC meets development demands and prepares for privatization

The Bahamas responds to OECD report on harmful tax competition

The Bahamas blend experience and new regulations to offer strong offshore financial services

New investments revive the tourism industry in The Bahamas

The Outer Islands: The future of a nation

The Hotels Encouragement Act provides a number of incentives for investors

The Family Islands Development Act

Islands for sale

Bahamasair gets new management team to improve service

Business as usual after Hurricane Floyd

The Bahamas emphasizes importance of environment with establishment of new ministry

Agricultural sector is ripe for growth

Agricultural Manufactories Act

Nassau is attractive location for shipping companies to locate headquarters

Maritime Authority grows ship registry to 3rd largest in the world

Ship registration fees

Grand Bahama Island: A destination reborn

Home ownership on the rise, with a focus on second homes

The renaissance of Grand Bahama Island: Asleeping beauty awakens

Hawksbill Creek Agreement helped begin Freeport

Bahama Rock Ltd. helping to develop the port area

Lloyd Werft invests $70 million in new ship-care facility

Economic impact analysis

Bradford Marine invests in mega-yacht and ship-repair facility in Freeport Harbour

Freeport Harbour tripling space and upgrading terminal

Freeport Container Port continues to expand to meet global business demands

FCP attracts Bhicam, among other companies

Freeport Power Co.: Committed to attracting investment by offering first-rate service

Multimillion-dollar hotel investments breathe new life into Grand Bahama

Focus on light manufacturing to diversify economic growth

Freeport International Airport to get a multimillion-dollar expansion and face-lift

Telecommunications corporation to be ready for privatization by year's end

Investment guidelines