NASSAU, Bahamas (CMC) – The Bahamas government says it welcomes the announcement by the Switzerland-based preeminent lifestyle and hospitality brand, Aman, that it will establish a major resort and residence development project in Exuma.

In a statement, the Ministry of Tourism, Investments & Aviation, said that the US$260 million Amancaya project “reflects strong investor confidence in The Bahamas as a jurisdiction for high-quality, strategically aligned development”.

It said that spanning two private cays, Amancaya brings one of the world’s most respected luxury hospitality brands to the Caribbean country and that the project is expected to create over 500 jobs, including 200 during construction, while supporting local entrepreneurs, expanding training opportunities, and driving long-term economic activity in Exuma.

“Aman’s entry into The Bahamas reflects the strength of our tourism sector as a premier luxury destination and the growing demand for eco-friendly, sustainable development. Aman’s ultra-luxury lifestyle brand is a good fit for Exuma, and we look forward to the groundbreaking of this investment that will deliver meaningful, measurable long-term impact,” said Deputy Prime Minister and Minister of Tourism, Investments and Aviation, Chester Cooper.

He said the project represents a new tier of investment entering the Bahamian market.

The project will comprise a 36-pavilion Aman hotel and a limited collection of fully serviced Aman residences.

“The introduction of Aman into The Bahamas is a significant milestone for our brand, which has already achieved much success in the Caribbean,” said Aman chairman and chief executive officer, Vlad Doronin.

“As one of the most coveted locations in the destination, Aman guests have long requested our presence there. Through our collaboration with Dona Bertarelli, we have found an unrivalled setting for exclusivity and natural beauty, and I’m delighted to introduce the Aman lifestyle, from unparalleled service, privacy and transformative experiences, to The Bahamas,” Doronin added.

Amancaya has set forth ambitious environmental goals, aligning with the United Nations’ Sustainable Development Goals (SDGs) and achieving LEED certification, a globally recognised standard for responsible design.

The Amancaya currently operates in the Dominican Republic and the Turks and Caicos Islands.