Kerzner International will this year begin a $100 million project to renovate its existing Paradise Island properties, which include Atlantis and the One & Only Ocean Club, a move that is set to create some 400 jobs.
It is unclear whether those posts are permanent or temporary, although sources familiar with the situation told Tribune Business they could be permanent, full-time jobs. Regardless, the move is likely to be seen as a shot of much-needed confidence for the Bahamian economy, providing immediate work for the construction industry.
Approvals for the renovations have been obtained from the Government, it is understood, with one source telling Tribune Business: "Kerzner is going to do $100 million worth of stuff on Paradise Island, with some of the work to start this year."
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