Cayman construction firm NCB Group has won the 2014 Local Investor of the Year and the Caribbean Regional Investor of the Year awards. Presented by the Caribbean Export Development Agency and the Caribbean Association of Investment Promotion Agencies, the awards seek to recognize the achievement of pan-Caribbean foreign and local investors.
The awards were presented on Nov. 17 in Santo Domingo, Dominican Republic, at a ceremony that was part of the fifth annual General Assembly of the Caribbean Association of foreign and local investors in the Caribbean.
This year’s awards focused on the green and sought to promote investments in initiatives that employ environmentally friendly and sustainable business practices.
Applicants had to demonstrate that they have made significant contributions through changes in processes, practices, and structures to moderate potential damages to the ecosystem or to benefit from opportunities associated with the green economy.
Naul Bodden, president of NCB Group, said “We are honored to accept the award for Regional Investor of the Year because it acknowledges that our commitment to sustainability is an important part of the work we do and demonstrates that it makes an impact on our communities’ environment in positive and lasting ways.”
He added that NCB Group strives to ensure that each residential and commercial project has as little impact as possible on the environment by using sustainable construction practices, efficient building designs, environmentally friendly materials and through the integration of renewable energy sources such as solar and geothermal cooling.
One example for energy efficient construction methods is Cypress Pointe North, which generates electricity from solar panels and cools the residences with geothermal technology, the company said.
Cayman Technology Centre, NCB’s latest commercial build, will be one of Cayman’s most energy efficient office spaces, according to the group.
The space will again make use of geothermal energy for temperature regulation and solar panels to generate electricity. In combination with insulated concrete form construction and LED lighting, this will reduce operating costs, NCB said.
Ryan Rajkumarsingh, director of the Cayman Islands Department of Commerce and Investment, congratulated NCB. “The fact that an investor here in the Cayman Islands is again regionally recognized for the second year in a row speaks volumes about the types of investors and investments found here,” he said.
Last year’s award was won by Cayman Enterprise City.