Global Ports-led consortium Nassau Cruise Port (NCP) has signed a concession agreement with the Government of the Bahamas to manage the Prince George Wharf and related areas.

According to the agreement, Global Ports will operate Prince George Wharf for 25 years.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The consortium also includes the Bahamas Investment Fund and the Yes Foundation.

Global Ports CEO Emre Sayin said: “The addition of Nassau to our cruise port portfolio marks an important inflexion point in our growth aspirations. Nassau will now become the biggest cruise port in our portfolio, increasing our passenger volumes by 50%.

“We very much look forward to working with our partners to transform both the cruise port and downtown Nassau for the benefit of Bahamians, cruise passengers and cruise lines.”

NCP said it will also spend around $250m to boost capacity and transform the cruise port.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Plans also include the construction of a new terminal building, development of an event and entertainment space, improvement of the retail area, as well as construction of food and beverage facilities.

The project will help to integrate the port into Bay Street and downtown Nassau.

Global Ports chairman and co-founder Mehmet Kutman said: “I am delighted that Nassau Cruise Port Ltd has signed a concession agreement for Prince George Wharf at Nassau Cruise Port.

“This is a truly historic moment for Global Ports Holding. The GPH team very much look forward to working with our partners, the cruise lines and the people of the Bahamas to reinvigorate this iconic cruise port and the city of Nassau.”

Construction work is expected to begin in the fourth quarter of this year and is scheduled to be concluded within two years.