Bahamas: Contractors lavish kudos on financial services company for going all-Bahamian with $25M project

NASSAU, BAHAMAS — A Bahamian company building a new corporate office complex is being credited with being “the single biggest boost to Bahamian contractors in years” thanks to its policy of hiring only Bahamian-owned and operated subcontractors and businesses.

Leno was handed the surprise kudos during a contract signing and what was expected to be a routine site visit at its five-story headquarters on top of the hill at Collins Avenue and Third Terrace.

Prime Minister Hubert Minnis officially broke ground on the $25 million complex in February 2020, shortly before the first COVID-19 case was reported on the island, resulting in a subsequent lockdown that halted construction nationwide.

The March 5, 2021 site visit marked a milestone, reaching the first floor belt course after completion of all infrastructure.

While planned to herald the progress, the walkabout evolved into a series of compliments for Leno and a serious discussion by at least one contractor with nods from others about projects unlike Leno’s in which Bahamian companies are prohibited from bidding.


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