Prime Minister Dr. Hubert Minnis yesterday commended the newly constructed Sunshine Insurance House as a development that will have “a far reaching impact” on The Bahamas’ economy in the wake of Hurricane Dorian.
During the opening ceremony for the building, Minnis said, “It is always a source of inspiration to see a Bahamian-owned corporate group dream and accomplish such a project as we are witnessing today. This new edifice is a substantial development, opening in the aftermath of Hurricane Dorian which will have a far reaching impact on our national economy.”
He added, “This new Sunshine Insurance House is a manifestation of the vision of a corporate group that has long been committed to economic and national development.”
Construction of the building began in February 2018.
Its co-tenants are Commonwealth Brewery, Sunshine Finance, and Gateway Ascendancy.
Minnis said he hopes the new building will encourage others to construct, refurbish or demolish buildings in the area of John F. Kennedy Highway.
“The public and private sectors must collaborate in creating a new New Providence, transforming this island into a more efficient, modern and smarter urban center,” he said.
According to the prime minister, Sunshine Holdings has contributed roughly $1.5 million in college scholarships and has raised $500,000 in support of breast cancer awareness and the cure.