Baha Mar
Encyclopedia
Baha Mar is a resort located on the island of New Providence
New Providence
New Providence is the most populous island in the Bahamas, containing more than 70% of the total population. It also houses the national capital city, Nassau.The island was originally under Spanish control following Christopher Columbus' discovery of the New World, but the Spanish government showed...

, The Bahamas
The Bahamas
The Bahamas , officially the Commonwealth of the Bahamas, is a nation consisting of 29 islands, 661 cays, and 2,387 islets . It is located in the Atlantic Ocean north of Cuba and Hispaniola , northwest of the Turks and Caicos Islands, and southeast of the United States...

 owned by Baha Mar Resorts Ltd. and managed by CEO Sarkis Izmirlian. On 30 March 2010 an agreement on the redevelopment of the resort was announced. The project will be financed by China Exim Bank while construction will be performed by China State Construction. Groundbreaking for the redevelopment took place on 21 February 2011.

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