NASSAU, BAHAMAS- A series of proposed agricultural, energy, and biotechnology initiatives valued at more than $180 million was unveiled at a community event held Saturday at Coral Harbour Community Park, outlining a large-scale development pipeline aimed at strengthening food security, renewable energy capacity, and health innovation in The Bahamas.
The projects combine aeroponic farming, solar energy generation, and advanced medical research, with stakeholders presenting a coordinated approach to reducing import dependence while expanding local production and innovation.
At the centre of the agricultural plan is a proposed $50 million development in North Andros led by Rock Island Financial in partnership with Modern Roots. The project includes a 2,000-tower aeroponic farming system designed to increase food production despite land and climate limitations.
It also features a food processing and cold storage facility with freeze-drying, dehydration, bottling, and packaging capabilities, aimed at expanding export-ready, value-added Bahamian products.
A second major component is a proposed $50 million solar energy project in North Andros, which includes battery storage systems for residential and commercial use, along with a home farming network in New Providence using tower-based systems.
Additional elements include a training and education centre focused on modern agricultural skills and financing support to increase participation among households and entrepreneurs.
Rock Island Financial CEO and Chairman Preston Drummond said the projects are designed to build long-term sustainability and expand opportunity for Bahamian participation in agriculture and food production.
He stated:
“Any local Androsian farmers will be able to utilize the facility, and we are open to working with any Bahamian entrepreneurs in the food product space. We are all in this together,“ Drummond added.
International recording artist and agricultural advocate Gramps Morgan also participated in the event, emphasizing the importance of youth involvement in agriculture and stronger regional collaboration, including cultural and farming links between Africa and the Caribbean through his upcoming Ghana-Jamaica Homecoming initiative.
A third major proposal is an $80 million biotechnology facility focused on research into cancer, diabetes, heart disease, and wellness technologies. The facility would be developed in partnership with scientist, wellness advocate, and author Dr. Annabelle Manalo-Morgan, whose work focuses on plant-based science, nutrition, and health innovation.
At the event, Dr. Manalo-Morgan highlighted the role of agriculture, education, and innovation in improving health outcomes and expanding access to nutrient-rich, sustainably grown foods.
Demonstration tower farming systems were also showcased to illustrate scalable, technology-driven agriculture, alongside the introduction of a locally produced hot sauce brand.
Organizers say the combined initiatives represent an integrated national development vision linking food security, energy independence, and health innovation as key pillars of future growth in The Bahamas.
