NASSAU, BAHAMAS —The government yesterday signed a Heads of Agreement (HOA) with the developers behind a $175 million luxury resort and residential development on Torch Cay – the southernmost tip of the Exuma chain.

Prime Minister Philip Davis (center) addresses the media at the HOA signing held at the Office of the Prime Minister.

Prime Minister Philip Davis yesterday described the development being undertaken by PMR Bahamas as a groundbreaking new residential community that promises 350 annual jobs throughout its two-phased construction period and a further 250 jobs once operational.

Davis noted that the development will feature an 18-hole golf course, environmental research facility, sustainable farm, beach club, and spa. Other features of the development include a marina and runway with an International Civil Aviation Organization designation. Torch Cay, also known as Hog Cay, is a privately-owned, 707-acre island.



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