Government has renegotiated its definitive agreement with Cayman Enterprise City, paving the way for new technology-based activities in the special economic zone and projects such as Tech City, a proposed IT park associated with the developers of Health City Cayman Islands.
Blog Posts
Sales of existing homes increase to highest since 2009
Previously owned homes sold in May at the fastest pace since November 2009, driven by first-time buyers and indicating budding momentum in the residential real estate market.
Tourism arrivals break new records
Cayman needs more hotel beds to accommodate the growing number of tourists flocking to these shores, according to tourism chiefs. After record arrivals in 2014, the first quarter of 2015 has seen a further 5.7 percent increase in stay-over tourism.
April 2015 Market Update
Cayman meets investors needs on Seven Mile Beach We have seen a marked upswing on inward investment into the Cayman Islands in recent months, no doubt in response to the gains made in the US financial markets of late. Whats really exciting from my perspective
Frustration on roads as traffic congestion increases
More than 2,000 additional vehicles were on Caymans roads in 2014, fueling rising traffic congestion in and around George Town. According to the Department of Vehicle and Drivers Licensing, 35,885 vehicles were licensed in 2014, compared to 33,649 in 2013.
Rich are target of immigration changes
Wealthy individuals who own property and want to live in the Cayman Islands or spend more time here without working will be the focus of the next round of legislative changes to the immigration law, the premier has said. The bulk of the changes impacting work permits will be dealt with via changes in the process and regulations, he explained, rather than in policy or legal amendments.
New airline aims to fly direct to airports throughout region
BlueSky schedule seeks to open up Central and South America
High-end property sales surge
Tourists buying high-end properties are driving a huge improvement in real estate sales, according to industry experts.
Record year for Caribbean tourism
A successful year for Cayman Islands tourism was reflected across the region with almost every island in the Caribbean seeing an increase in visitation in what officials describe as the best ever year for the industry.