This is a best prospect industry sector for this country. Includes a market overview and trade data
Overview
The Bahamas has seen increased demand for information technology and data security services due to the pandemic. The government committed to further digitize its services and online processes, including foreign investment applications, as well as develop an “entrepreneur visa” to attract high-tech companies. There is continued demand for smart technology, ICT services and equipment, medical technology and equipment, and consumer products. The government plans to establish a “Tech Hub” at the University of The Bahamas Grand Bahama campus, and with the assistance of a U.S.-based company, the government has developed marketing strategies to promote the tech hub and train Bahamians in software development.
Opportunities
Promising sub-sectors include data centers, cyber security services, technology incubators, labs, and research facilities, data storage, and warehousing. There is also demand for smart technology, ICT services and equipment, medical technology and equipment and basic, everyday consumer products.
Resources
Office of the Prime Minister Grand Bahama
Department of Transformation and Digitization