Prominent Bahamian business leader Sir Franklyn Wilson has projected that selective regions within The Bahamas will witness unprecedented economic prosperity in 2026, while simultaneously addressing the persistent challenge of unequal wealth distribution across the archipelago. The chairman of Arawak Homes and Sunshine Holdings specifically highlighted south Eleuthera as a prime beneficiary, attributing its anticipated growth to major developments including the Jack’s Bay project which he chairs, Disney’s Lighthouse Point cruise port, and the Ritz-Carlton Reserve development led by Colombian billionaire Luis Carlos Sarmiento.
Grand Bahama also emerged as another focal point in Wilson’s economic forecast, with ‘very significant developments’ anticipated in early 2026. These are expected to include resolutions concerning the Grand Lucayan property and Grand Bahama International Airport, alongside potential settlements in the $357 million arbitration dispute with the Grand Bahama Port Authority.
Despite his optimistic regional projections, Sir Franklyn acknowledged the prevailing sentiment among many Bahamians who feel excluded from economic gains. He identified problematic personal financial behaviors—including excessive consumer debt accumulation and gambling expenditures—as significant barriers to individual economic advancement.
The business magnate issued a compelling appeal to skilled Bahamians living abroad to reverse the brain drain by returning home. He emphasized that numerous opportunities exist within The Bahamas that may surpass their current overseas prospects, urging them to overcome any hesitation about returning and contribute their expertise to national development.
Wilson cautioned that south Eleuthera’s rapid growth would inevitably create new challenges, including housing shortages and potential over-employment situations. He stressed that resolving longstanding land title issues would be crucial for addressing affordable housing needs in the developing region.
Regarding national energy policies, Sir Franklyn indicated that meaningful impacts from renewable energy reforms and potential electricity price reductions would likely materialize in 2027 rather than 2026. His company, FOCOL Holdings, plays a significant role in these developments as New Providence’s baseload generation provider.