A trade delegation from the Cayman Islands donated US$40,000 to the Prince Albert II of Monaco Foundation this week.
According to a post on Premier Alden McLaughlin’s Facebook page, the presentation was made during a reception which was hosted by him at the Monaco Yacht Show.
The premier, who is also the Minister for International Trade, Investment, Aviation and Maritime Affairs, is leading a delegation for the show and a series of scheduled events this week.
McLaughlin said, in his post, the funds were raised through sponsorship of a charity bike ride that was held on Tuesday morning.
“In attendance at the reception were many from the yachting sector as we continue to promote the Cayman Registry as the premium yacht flag,” the premier said in his post.
The Government Information Services, in a press release announcing the visit, said, “the broad purpose of such trips is to attract new international business and to promote the Cayman Islands brand on the international stage”.
The premier also hosted a dinner at the Yacht Show on Thursday night.
The Maritime Authority of the Cayman Islands, according to GIS, will be hosting a business forum in Monaco.
Government said representatives “from the ‘Big Four’ accountancy firms and from the worlds of law, real estate, yacht brokerage and management, technology and precious metals and stones” have accompanied the premier and his team on the Monaco trip.
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