Atlantic Star developing port

Cayman property developer Atlantic Star Limited has acknowledged it is participating in tripartite discussions between itself, public and private partners regarding the development of commercial port and cruise ship berthing facilities on Grand Cayman.

In making the announcement, ASL Founder and Director Fahad Al Rashid stated, ‘We believe it is in everyone’s interest to develop these facilities properly. Infrastructure is critical to the sustainable development of the Cayman Islands. Better commercial port facilities increase foreign trade and offer the people of the Cayman Islands a wider variety of goods and services. Concurrently, environmental sensitivity should be of paramount focus. Any possible measures that could mitigate environmental impacts from port development must be taken. The interests of all stakeholders should also be considered.’

While ASL has been in informal discussions with The Cayman Islands government for some time on the project, ‘we have declined to make any prior public statements, given the confidential nature of agreements currently being discussed, states a press release.

Furthermore, those discussions have not yet progressed to a stage where a detailed public statement is appropriate.’

In conjunction with making the announcement, ASL introduced its specialized, local team of professionals, as well as international consultants to assist ASL in its proposed role in the project.

The majority of team members are long-time Cayman Islands residents. These include Construction Manager/Head of Operations Gary Lindsay; Human Resources Manager/Head of Administration Shirley Nicoletta; Danny Owens of OA&D architects; and legal counsel Maples. International team members include German-based port consultants HPC, UK-based engineers Halcrow-HPA, and UK-based solicitors Simmons and Simmons.

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