China State Construction Engineering Corporation has committed to investing $99 million in the Baha Mar Resort, The Nassau Guardian has confirmed.
The firm is also finalizing details with Baha Mar officials related to a $1.92 billion construction contract for the planned redevelopment of the Cable Beach strip.
Baha Mar officials, who remain locked in a legal dispute with Harrah's Entertainment, have not yet made any announcement on the specific investment to be made by the Chinese corporation.
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