Director of the Bahamas Investment Authority (BIA), Phylicia Woods-Hanna appeared at a press briefing at the Office of the Prime Minister on  Thursday where she gave an update on the various investments in the country.

 Woods-Hanna told reporters the Bahamas Investment Authority has processed approximately $3.1 billion in certificates of registration.  She said, “what those applications are real estate.  Any foreign person that comes to our shores they have to come to the Bahamas Investment Authority in order to provide in the first instance a certificate of registration and in the second instance a permit, an International Person’s Land Holding Act permit.”

The BIA Director added, “from those $9 billion worth of projects we have projected that in excess of 15,000 jobs will be created for Bahamians, and when I talk about jobs I’m not just talking about construction jobs but permanent jobs that allow for the growth and development of the Bahamian people.”

The government recently signed agreements for the development of Walker’s Cay and the restoration Treasure Cay, Abaco.