Economy
Tourism is the mainstay of the island's economy. The resort area at Port Lucaya and visits by cruise ships provide the bulk of this activity. Grand Bahama's tourism sector is complemented by an oil bunkering facility owned by Vopak and a transshipment/container port partly owned by Hong Kong conglomerate Hutchison Whampoa and the Grand Bahama Port Authority. There are also quarrying operations on the island and a large shipyard.
There are two airports on the island: Grand Bahama International Airport in Freeport, and West End Airport in West End. Grand Bahama International Airport is the larger of the two, and West End Airport mostly serves cargo aircraft.
Read more about this topic: Grand Bahama
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (18171862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (18721933)
“The counting-room maxims liberally expounded are laws of the Universe. The merchants economy is a coarse symbol of the souls economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (18031882)