On a recent tour of special economic zones in Dubai, a delegation of Cayman Enterprise City met with potential tenants for the planned project.
“I am extremely encouraged by the very positive response we received at every juncture of our trip,” said Cayman Enterprise City CEO Jason Blick. “We met with global giants including Xerox, Johnson & Johnson, Oracle, Cisco and Hewlett Packard, and I am excited that representatives of these groups were keen to discuss opportunities in Cayman Enterprise City.”
Mr. Blick, who has spent 10 years in the United Arab Emirates, set up meetings with high-level officials and tours of several UAE Economic Zones, including the Dubai International Financial Centre, Dubai Media City, Dubai Internet City and Dubai Multi-Commodities Centre.
Hon ‘definitely committed’
“Having seen the incredible successes of the UAE Economic Zones first- hand, we have returned to Cayman with the same enthusiasm and drive of those developers who first pioneered those zones in the UAE,” said Barry G. Hon, chairman of Cayman Enterprise City. “We are definitively committed to forging ahead with our investment of $300 million into the Cayman Islands to make the CEC Economic Zone project a reality.”
Cayman Enterprise City officials said they were particularly impressed by the development of Dubai Internet City “from a sandy waste land to a prosperous, thriving economic hub in 10 short years.”
The primary goal of the visit was to promote the Cayman Islands as a jurisdiction and offer opportunities for global brands in the UAE zones to establish a presence in Cayman Enterprise City, which would expand their reach into North American and Latin American markets, Cayman Enterprise City said.