The Cayman Islands is a successful and well-known offshore financial center, as well as a popular tourism hot spot, but economic growth in recent years has been driven by an entirely different industry: construction.
Partnering with NCB Group Cayman to develop OLEA, Camana Bay's first for-sale residential development, came at an opportune time as demand for property fuels a construction boom across Grand Cayman.
Tourism in the Cayman Islands is set to break records in 2018, with November stay-over numbers up 11.2 per cent year-to-date and cruise visitors expected pass the 1.9-million mark, not seen since 2006. With further growth projected for the destination in 2019, Grand Cayman faces a challenge in finding a way to balance the increase in volume of visitors without impacting the quality of their experience.
Dart has submitted a planning application for a pop-up bar and restaurant slated to open in spring 2019 at the Camana Bay beach, formerly the Coral Caymanian.
It has been an exciting year for Dart, as the group of companies remains steadfast in its commitment to the economic growth and prosperity of the Cayman Islands. Here are some of the highlights of the people, places and events that have made 2018 a year to remember.
Cayman Billfish Rundown, a new multi-day fishing tournament, has been launched for 2019. Dart and The Residences at Seafire were recently announced as presenting sponsors alongside Hurleys’ Media.
With potential prize winnings of US$520,000 and a guarantee of US$270,000, the inaugural tournament will have one of the largest guaranteed prizes of the region’s competitive fishing circuit. The tournament, which will take place from 14-17 May, 2019, will be headquartered at Camana Bay Harbour.
According to the Department of Environment (DOE), approximately 4,111 acres of land across the Cayman Islands are now designated as public protected areas under the National Conservation Law. The protected land includes acreage in the Barkers peninsula, an area slated by the Cayman Islands Government in the late 1990s for the creation of a National Park.
The status of the proposed park has received renewed attention in the local media following the announcement that Calico Jack’s Bar & Grill will be moving to two parcels of land owned by Dart in the area. The parcels in question are located outside of the proposed National Park and are currently zoned for Hotel/Tourism.
At Dart, we are committed to sustainable economic growth and community development in the Cayman Islands. For the past 25 years of Dart’s presence in the Cayman Islands, our aim has been to enhance the quality of life for present and future generations through our people, our time and our financial investments.
In an effort to continue to maximise Dart’s positive impact on the local community, in 2019 we intend to bring more focus to our organisation’s corporate social responsibility by concentrating on three key areas: education, youth development, and the physical environment (both natural and built).
