Club Med set for $90 mil. expansion
Guardian Staff Reporter
Published: Oct 29, 2013
The government yesterday signed an agreement with Club Mediterranee and Sand and Ocean Investments on San Salvador for a $90 million expansion of the resort on that island, which officials said will create an immediate 130 construction jobs.
During the four-year expansion of the resort, 335 direct jobs will be made available, Prime Minister Perry Christie said during an event at the resort.
"The refurbishment works of Club Med which will start shortly will include existing guest rooms, buildings grounds, mechanical plant and the creation of spa and updating of restaurants," he said.
"The expansion phase will consist of the construction of 360 new luxury condo hotel units and staff housing, all of which will be built in phases to be developed and financed by Sand and Ocean and operated by Club Med.
"Additionally, Sand and Ocean is planning the construction of a 125-room boutique hotel to be managed by a European luxury resort operator.
"All of the above works are to be completed within four years. During construction, it is projected that some direct 335 jobs will be made available to qualified Bahamians and a minimum of 250 Bahamians would be employed at the resort operations.
“Many other indirect jobs in both the public and private sectors and entrepreneurial opportunities will be created."
Several Cabinet ministers and officials from Club Med and Sand and Ocean Investments attended the event.
Cat Island, Rum Cay and San Salvador MP Philip Brave Davis said the expansion is vital to the island's economy and said it proved that investors are confident in The Bahamas.
"There is nothing more important than to get our people back to work," he said.
Club Med North America CEO Xavier Mufraggi thanked the prime minister and his government for their commitment to the resort.
"We have the right team and the right approach," he said.
Club Med, a pioneer in the all-inclusive resort concept, continues to be a major employer on the island of San Salvador.