The Diversify the Economy driver group have been meeting on a regular basis to come up with strategies to meet their driver objectives. Their progress is recorded below:

 

a. Objective Progress

 

  • Focus groups will be established for various industry sectors that are being targeted for diversification (medical, tourism, film, renewable energy and reinsurance).  An online survey is also being developed to gather information regarding the sectors targeted for diversification.

  • BE INFORMEDsessions were held to share information about the Cayman Enterprise City Special Economic Zone and the Health City Cayman Islands. 

  • The fourth trade mission to Panama organised by the Chamber in partnership with Government (Ministry, Department of Tourism, Cayman Airways) in March promoted travel and trade links between Panama and Cayman. Cayman Airways launched a direct service between Grand Cayman and Panama from June until September.

  • Broke ground on the Health City Cayman Islands project in East End which paves the way for medical tourism development in the Cayman Islands

  • Launched Cayman Enterprise City Special Economic Zone. As the only Special Economic Zone of its kind in the world, CEC includes a unique cluster of industry specific parks encompassing Cayman Internet & Technology Park, Cayman Biotechnology Park, Cayman Commodities and Derivatives, Cayman Outsource Park and Cayman International Academic Park and Cayman Enterprise City.

  • BE INFORMED sessions were held to share information about the Cayman Enterprise City Special Economic Zones and the medical tourism project in East End.

 

  • The fourth trade mission to Panama is being organized by the Chamber in partnership with Government (Ministry, Department of Tourism, Cayman Airways) to promote travel and trade links between Panama and Cayman.

c. Objective Progress   
  • Focus groups will be established for various industry sectors that are being targeted for diversification (medical, tourism, film, renewable energy and reinsurance).  An online survey is also being developed to gather information regarding the sectors targeted for diversification.