The Cayman Islands Chamber of Commerce to host Premier Economic Forum:
CAYMAN 2035: Preparing the Cayman Islands for a Prosperous Future.
Economist Marla Dukharan to deliver keynote address
Grand Cayman, Cayman Islands—The Cayman Islands Chamber of Commerce is proud to announce its annual Economic Forum, which will take place on Friday, January 17, 2025, at the Kimpton Seafire Resort and Spa. This year’s theme, CAYMAN 2035, underscores the Chamber’s commitment to fostering innovative strategies and actionable solutions that will shape the economic and social landscape of the Cayman Islands over the next decade.
“This year’s forum will spark thought-provoking discussions on the issues that matter most to voters and the business community as we approach the April 2025 general elections,” said Chamber President Joanne Lawson. “Guided by our theme, Cayman 2035, and our advocacy pillars, we will delve into the critical challenges and opportunities that will shape the future of our islands over the next decade.”
This highly anticipated event will feature a distinguished lineup of speakers, including regional economist Marla Dukharan, who will deliver the keynote address. With a focus on staying competitive in an ever-changing world, Dukharan’s presentation promises to provide valuable insights into global economic trends and their implications for the Cayman Islands.
A Vision for the Future: CAYMAN 2035
Omari Corbin, Chamber President-Elect, will act as forum chairman. Corbin will provide an overview of the event’s purpose, highlight the significance of the theme, and outline how the discussions align with the Chamber’s three-year advocacy agenda. Her Excellency Governor Jane Owen will deliver the welcome address, emphasising the importance of good governance and public sector accountability.
Chamber President Lawson will present the State of Business Address, which will offer an overview of the Cayman Islands’ current economic climate. Incorporating government reports, Chamber surveys, and perspectives from the community, this address will set the tone for the day’s discussions.
Key Discussions and Panels
The forum will feature a series of dynamic presentations and panel discussions designed to address critical areas impacting the Cayman Islands:
• Building a Future-Ready Workforce: Pilar Bush will moderate a panel discussion on the current state of workforce development and outline some of the views from members and the community about what is required to prepare students and job seekers to enter the future workforce. What do jobs of the future look like, and are our islands doing enough to prepare students for them? Are we falling behind, and is the development of a National Human Capital Plan the essential tool that will assist our Islands in building a future-ready workforce?
• Sustaining Economic Success in Tourism: Chamber Councillor Tammi Sulliman will moderate a panel discussion on shaping the future of tourism in the Cayman Islands. The tourism panel will explore the current state of Grand Cayman’s tourism sector, focusing on critical challenges and opportunities that will shape its growth over the next decade. One pressing issue is beach erosion along the iconic Seven Mile Beach, a key attraction whose degradation threatens the island’s appeal to visitors. Addressing this challenge will require innovative strategies to preserve the beach’s natural beauty while maintaining tourist accessibility.
Additionally, the panel will delve into the debate surrounding the proposed cruise berth facility. While the facility could boost cruise tourism and generate economic benefits, concerns about environmental impacts, particularly on coral reefs and marine ecosystems, have sparked controversy. Panelists will examine whether this infrastructure aligns with sustainable tourism principles and if it supports the island’s long-term vision.
The session will also highlight the need for a comprehensive tourism plan to ensure balanced, sustainable growth. Such a plan could provide a roadmap to address environmental, economic, and social impacts, fostering resilience in a competitive global market. Attendees will learn how these decisions—on beach conservation, cruise tourism, and strategic planning—can secure Grand Cayman’s status as a premier destination while protecting its unique environment for future generations. The minimum wage will also be addressed.
• Sustaining Economic Success in Financial Services: Cayman Finance CEO Steve McIntosh will present “The Rise and Rise of the Cayman Islands Financial Services Sector.” The talk will address the key challenges in the sector, specifically government services and talent.
• Government Accountability: Marla Dukharan will lead a discussion with the Deputy Governor, Hon. Franz Manderson. She will provide details of a case study used in Jamaica to support more significant government accountability.
• Enhancing Quality of Life Through Health Care: Shomari Scott, Health City’s Chief Business Development Officer, will lead a critical discussion on rising healthcare costs and access to health insurance. Panelists will explore solutions to enhance affordability and coverage for Cayman residents.
The forum will also feature TED-style talks and opportunities for audience engagement, fostering a collaborative environment for idea exchange and solution-building.
Keynote Address: Staying Competitive in a Changing World
The forum’s highlight will be Marla Dukharan’s keynote address. She will share her expertise on the global economic outlook and its implications for the Cayman Islands. Her presentation will focus on practical steps for fostering innovation, diversifying the economy, enhancing regulatory frameworks, and investing in education and infrastructure to ensure long-term competitiveness.
Forum Highlights and Networking Opportunities
The day will conclude with Forum Chair Corbin summarising the day’s highlights, followed by a vote of thanks from CEO Wil Pineau. Attendees will then be able to network and unwind at a cocktail reception, which will provide a perfect setting for meaningful connections and conversations.
Event Details:
• Date: Friday, January 17, 2025, 8:30 a.m. until 5 p.m., with a cocktail reception to follow.
• Location: Kimpton Seafire Resort and Spa, Grand Cayman
• Theme: CAYMAN 2035
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