Article Snapshot: The government has signed a contract with Tech City Cayman Islands Ltd. (also known as TechCayman) requiring the company to provide hundreds of Caymanian tech-related jobs. In turn, the government has agreed to provide the company with expedited permitting and licensing processes as well as infrastructure investments. The contract states that TechCayman will…

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Article Snapshot: Numbers don’t lie: a record-breaking 16,326 companies were formed in Cayman last year, pushing the total number of active companies to 107,309 at the end of 2018. Recently released statistics from the General Registry state that the number of registered companies has been growing steadily since the end of 2017. In March of…

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Article Snapshot Dart has plans to build an “iconic” skyscraper in Camana Bay, but only if a change in planning and zoning strategy is approved. According to Dart, the skyscraper will rival some of the most famous buildings in the world and will become a must-see tourist attraction. Jackie Doak, president of Dart Real Estate,…

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Article Snapshot The request to obtain a costal works license submitted by Handel Whittaker, owner of Calico Jack’s on Seven Mile Beach, has been deemed “not acceptable” by Tara Rivers, representative for West Bay South. The proposal requires the removal of 180,000 square feet of turtle grass from an undeveloped beach in Barkers, as well…

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Article Snapshot Cayman Island Airports Authority is in search of suitable contractors for the Owen Roberts runway extension. The project will strengthen the runway and extend it 900 feet; the new runway will measure just under 8,000 feet in length. The runway extension was left out of the original airport expansion plan. It is estimated…

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Article Snapshot: Dart is in the final stages of purchasing Le Soleil D’Or, a struggling luxury hotel on Cayman Brac. Jackie Doak, Dart Real Estate Business Development President announced the purchase at Thursday’s Chamber of Commerce luncheon, stating that “Dart’s intention is to restore the resort to full operations and retain current staff.” By purchasing…

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Article Snapshot: One of the oldest condominiums on Seven Mile Beach, the Lacovia complex is set to be demolished and replaced by a set of 3 new 10-story buildings. Opposite Lone Star Grill, the original building was built in 1981 and has fallen into a state of disrepair. After over a year of discussion, the…

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Article Snapshot: The National Roads Authority plans to revamp and widen Sand Point Road and Water Cay Road to meet their originally intended boundaries. When the road was placed in 1986 and 2004, the government could not afford the necessary material to complete the building plans. Although the roads are currently 20 feet wide, the…

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Article Snapshot: As the economy continues to improve, the number of foreclosures in the Cayman Islands are steadily declining. According to the Cayman Islands Real Estate Brokers Association, in 2018 there were 67 forced sales on homes, land plots and businesses. In 2015, there were 116. Jeanette Totten, President of CIREBA and owner of CLPG…

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A report titled “Fighting Corruption in the Cayman Islands” was recently released by Auditor General Sue Winspear. It discusses a recent assessment of current legislation, anti-corruption bodies and policies in the Cayman Islands. Winspear highlights the lack of diversity within the Central Planning Authority and calls for the membership of the board to be balanced…

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