Published 25th September 2015, 2:35pm
The Government is committed to the development of its high-end tourism product and to promote and encourage the growth and development of tourism in the Cayman Islands.
The Government recognises that sustainable development shared amongst all districts of the Islands represents the economic future of the country.
Government notes that the Development will be the largest of its kind east of the Seven Mile Beach corridor. It is also recognised that the Development will create a variety of new employment and entrepreneurial opportunities for Caymanians, particularly those who live in and around the Bodden Town area, in keeping with the Government's Go East initiative.
Additionally, the parties will use their best efforts to help the Company train and employ as many Caymanians as possible as part of the Development's workforce both during construction and operation of the Development with a target of 60% participation, and the Company will endeavour to use local contractors and other local service providers wherever possible.
The parties have each agreed to provide certain undertakings for the implementation and completion of the Development subject to the terms and conditions of this Agreement.
Signing of agreement on CIGTVCIG and John David Layton sign the Agreement.
Click Below To Download The Full AgreementBeach Bay Lands Development Agreement 24 September 2015