On October 9, 2019, the global cruise port operator Global Ports Holding (London UK-listed company, subsidiary of Global Ports Holding BV / wholly-owned subsidiary of GIH-Global Investment Holdings) started operating Prince George Wharf Cruise Port (Nassau, Bahamas).
The newly-formed, 3-party consortium "Nassau Cruise Port Ltd" (Global Investment Holdings, Bahamian Investment Fund, Yes Foundation) would invest up to USD 250 million in expanding the cruise port's capacity and implementing innovations to transform the facility and downtown tour experience for both the Bahamians and cruise tourists.
The project's construction phase was scheduled to start in the 4th quarter of this year and anticipated to be finished within 24 months.
The expected from the cruise port operations annual revenues are in the range of USD 35-40 million.