Premier Alden McLaughlin and other government leaders are overseas this week to attend the Monaco Yacht Show, which takes place 25‑28 Sept.
“We continue to be a leading flag state in the super yacht industry and it is important for us to be part of this event and meet with owners and their representatives to ensure they have the most current information on what the Cayman Islands can offer and provide the best possible advice for their existing and future super yachts,” McLaughlin is quoted as saying in a government press statement.
The aim is to attract new international business and to promote the Cayman Islands brand on the international stage, according to the statement.
Representatives from the ‘Big Four’ accountancy firms and other private sector stakeholders are also slated to be in attendance.
“I look forward to the opportunity to collaborate with our counterparts in Monaco at the very highest level, as well as the chance to engage with potential investors and high net worth individuals at the prestigious Monaco Yacht Show,” Commerce Minister Joey Hew is quoted as saying in the statement. “Such investment is vital, because it ensures we are able to create opportunities for Caymanians both now and in the long term.”
Representatives of the Maritime Authority of the Cayman Islands will host a forum during the show.
McLaughlin was in Monaco in April to participate in a charity bike ride.