Saturday, November 6, 2010

China putting the squeeze on The Bahamas over Hotel Project

The Bahamas is having a precedent-setting dispute with China over a development agreement that calls for Chinese men to comprise the vast majority of workers on a $2.5 billion project (Baha Mar) that China is funding. 
(FYI: Baha Mar is to comprise six hotels with approximately 3,500 rooms and condominiums, a 100,000-sq-ft casino, 200,000-sq-ft of convention space, twenty acres of beach and water parks, an 18-hole golf course, and a 60,000-sq-ft retail village. Just what the already overdeveloped island of New Providence needs...)
Specifically, China is demanding that this small Caribbean nation issue permits for 8,150 foreign workers, which would amount to 71 percent of the labor force needed for this project; notwithstanding that The Bahamas is teeming with unemployed men (and women) who are willing and able to do the work.

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