Special economic zone Cayman Enterprise City hosted a dinner in London in December for British technology and media companies looking to attract new business by expanding into the North America and Latin America markets.
The London campaign included a reception hosted by CEC at the Cayman Islands Office in London where Charlie Kirkconnell, CEO of Cayman Enterprise City, and his team welcomed 35 people representing 17 companies interested in learning more about CEC and the Cayman Islands as a place to do business.
Lord Blencathra, director and U.K. representative of the Cayman Islands government office, assisted with the event, and CEC’s London-based representative Rob Wirszycz reached out to contacts in the local tech and commodities industries.
Premier Alden McLaughlin, in London for Joint Ministerial Council week, attended and spoke of the Cayman Islands government’s pro-business mindset toward direct foreign investment and economic development, and of the Cayman Enterprise City project as an important driver of foreign direct investment.
“Those who attended were genuinely interested and saw the benefits of both Cayman as a pro-business jurisdiction and the CEC zone as a mechanism to easily establish a presence there,” said Lord Blencathra. “The personal contact with both the Premier and CEC’s team was very well received by the attendees and we look forward to working with CEC on promoting the benefits of this jurisdiction to the U.K. market.”
Cayman Enterprise City also had an exhibition booth at the British Overseas Territories Investment Forum 2013 event. Hosted by the Foreign and Commonwealth Office as part of Joint Ministerial Council week, the focus of the forum was to give U.K. companies and investors the opportunity to learn about the Overseas Territories’ current and future plans, and to highlight commercial opportunities.
Minister for the Overseas Territories Mark Simmonds spoke at the event, assuring the U.K. government’s solid and open support of the territories’ economic development efforts. The Cayman Islands government invited CEC to attend so that the newly formed Special Economic Zone could be showcased.
“The faith of the Cayman Islands government in the project and its vocal and visible support of it during our time in London were invaluable,” Mr. Kirkconnell said. He added that he expects “to see a substantial number of businesses we presented to establish a physical presence in the Islands in the not too distant future.”
Mr. Kirkconnell attended a dinner hosted by the Premier of the Cayman Islands for U.K.-based business people with a connection to the Cayman Islands.
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