Health City Cayman Islands will invest $25 million in infrastructure in 2016, and as much as another $100 million in 2017 and 2018, all drawn from private sources. The investments will come from Health City and Health City Development, expanding hospital facilities and launching a series of commercial enterprises, including staff housing, a shopping plaza, design work on a 185-room hotel and a marketing plan for a medical school.
Blog Posts
Ironwood commits to hiring locals
The developers behind the planned Ironwood golf resort have committed to a target of hiring a workforce of mostly Caymanian employees as part of a duty concessions agreement with government.
Cayman Enterprise City campus gets zoning approval
Zoning approval has been granted for Cayman Enterprise Citys proposed c&us on a 70-acre site in South Sound. Long-term plans for a cluster of office buildings, homes, restaurants and a hotel surrounding a man-made lake have been outlined for the Special Economic Zone.
Economic impact of Cayman Enterprise City continues to grow
Caymans special economic zone, Cayman Enterprise City, reported that companies operating in the zone and their staff had a $23.6 million impact on the local economy this year.
Cruise arrivals up this holiday season
An unusually large number of cruise passengers are scheduled to descend on Grand Cayman in the days leading up to Christmas and the New Year.
Ironwood moving forward, no road deal
The $365 million Ironwood golf resort project will move forward without a final agreement on a highway extension previously viewed as a deal breaker for the development.
Kimpton ramping up for 2016 opening
Kimpton Hotels has begun the recruitment process for the newly named Seafire Resort and Spa on Seven Mile Beach, ultimately seeking to hire 300 staff ahead of its opening in November 2016.
Grand Harbour developer Mike Bell dies in US
Mike Bell, who built the Grand Harbour shopping and residential development, died in the U.S. this week. He was 51.
Development bank restarts loan program
Having just refinanced nearly US$37 million in debt held over from previous government administrations, the Cayman Islands Development Bank is back in business.
Marriott International buying Westin operator Starwood
U.S.-based hotelier Marriott International announced Monday that it has agreed to buy Starwood Hotels & Resorts Worldwide, Inc. for $12.2 billion in cash and stock. The acquisition will create the worlds largest hotel company, which will include three Cayman Islands hotels: the Marriott Grand Cayman Beach Resort, The Ritz-Carlton, Grand Cayman and the Westin Grand Cayman.