UPDATE 1-Chinese firms set to invest more in stalled Baha Mar project in Bahamas

July 27, 2015 11:37 AM

36 1

July 27 (Reuters) - Chinese firms building and bankrolling much of the $3.5-billion Baha Mar mega resort in the Bahamas said Monday they would invest more to complete the project, where construction has been stalled for months as the project ran out of money.

The incomplete Baha Mar has roiled the fragile economy of the Bahamas, which is counting on the resort to provide 5,000 jobs and a 12 percent boost to its gross domestic product.

Also read: TD Ameritrade to buy Scottrade in two-step deal with TD Bank

Read more

To category page