Special economic zone provider Cayman Enterprise City has won the Caribbean Export Development Agency and the Caribbean Association of Investment Promotion Agencies’ Regional Investors of the Year Contest in the Special Award category after being invited by the Cayman Islands government to enter on behalf of the Cayman Islands.
The Special Award category recognizes investors with innovative and creative projects related to research and development, technology and other specific areas. It is awarded at the discretion of the RIYA evaluation committee.
Cayman Enterprise City CEO Charlie Kirkconnell accepted the award last month in Belize. He was accompanied by Shannon Francis, senior investor services officer at the Cayman Islands Department of Commerce and Investment, which is a member of CAIPA.
“I would like to thank the Cayman Islands government and in particular the Department of Commerce and Investment for inviting us to enter and represent the Cayman Islands in this very competitive contest,” Mr. Kirkconnell said. “As a 100 percent Caymanian owned and led project, we are extremely proud to have won the Special Award category, in recognition of the success of the special economic zones project thus far and the potential for the project to become a new pillar of the Cayman Islands’ economy.”
“The establishment and operation of a technology based Special Economic Zone focused on knowledge industries is visionary and will undoubtedly position our region for investments in that sector,” said CAIPA President Ronald Theodore, vice president of Promotion and Marketing with the Grenada Industrial Development Corporation.
“We are delighted that Cayman Enterprise City won the Regional Investor Award amidst a field of 34 very competitive projects,” said Ryan Rajkumarsingh, director of Cayman’s Department of Commerce and Investment.
As a category winner, Cayman Enterprise City was also one of the three finalists for the main prize, the Regional Investor of the Year Award. The award recognizes investments that have made the most impact in terms of attracting highly qualified employees through the creation of high added value jobs. The overall prize was won by Administradora de Riesgos de Salud Humano (ARS Humano), a Dominican Republic company that generates revenues of more than US$320,000,000 per year.
Cayman Enterprise City expects to close out the year with close to 100 businesses in the special economic zone and plans to break ground on a new campus next year. Clients are currently accommodated in four interim zone buildings, including the newly acquired CEC City Center on the waterfront in George Town.