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Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest part of The Bahamas.In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted 20,000 hectares (50,000 acres) of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area.
The Bahamas Ministry of Tourism, Investment and Aviation is a government agency of The Bahamas. [1] Its head office is at the Bolam House in Nassau . The agency has other offices in New Providence .
Grand Bahama International Airport (GBIA) (IATA: FPO, ICAO: MYGF) is an international airport in Freeport, The Bahamas.It was privately owned until the government of The Bahamas purchased it in April 29 2021 for one Bahamian dollar, a deal they were able to procure largely due to the devastation from Hurricane Dorian, which almost completely destroyed the airport in 2019.
The tourism industry is a significant sector of the Bahamian economy. In 2021, it was estimated that tourism accounted for 45% of the Bahamas's national gross domestic product. [2] In 2024, the Bahamas received over 11.22 million tourists, of which 1.7 million were foreign air arrivals. [3]
In terms of gross domestic product per capita, the Bahamas is one of the richest countries in the Americas (following the United States and Canada), with an economy based on tourism and finance. [1] Tourism alone provides an estimated 45% of the gross domestic product (GDP) and employs about half the Bahamian workforce.
The partially-constructed resort operated for a single season in 1950 before Butlin's ran out of money. A small part of the resort was brought back into operation in 1955 before being more fundamentally redeveloped in 1960. West End Airport was the main airport for Grand Bahama until Freeport's overshadowed it.
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Tug and barge in Freeport Harbour, with container terminal and shipyards in background. The Grand Bahama Port Authority [1] ( GBPA or "Port Authority") is a privately held corporation that also acts as the municipal authority for Freeport, Grand Bahama Island, The Bahamas. The GBPA was created by the Hawksbill Creek Agreement.