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UK outreach a success

George Town, Grand Cayman May 29th 2012– A high-level delegation
from Cayman Enterprise City (CEC), the Western Hemisphere’s only
knowledge-based Special Economic Zone, spent a week in London recently proactively
reaching out to potential channel partners and clients in the United Kingdom,
including a prospective associate in the Commodities Exchange. CEC is ardently
expanding its global push and actively targeting the UK as a key market.

Led by Chief Executive Officer Jason Blick, the delegation enjoyed extremely
successful meetings with leading financial, technology and professional
services organizations that were deeply supportive of the Special Economic Zone.
The meetings created great interest and the delegation is very confident that
several clients and channel partner relationships will be cemented following
this trip.

CEC was seen as a solution for global sales, IP and knowledge sectors,” said Jason Blick commenting on the receptionthey received in London. “We are a fairly
wide and diverse platform as a Special Economic Zone and in that sense we are
fairly unique.”

Meetings were set up in advance through CEC’s connections with Cayman law firms and CEC staff in Dubai, home to some of the world’s most successful SEZs. The Cayman
Islands’ UK Office also supported CEC’s efforts through the use of its meeting

CEC’s tax and regulatory benefits are designed to attract companies from five high-tech
sectors covering biotechnology, Internet and media ventures, commodities and
derivatives, and academics. Advantages include; a tax exemption for 50 years, a
10-day streamlined setup and exemption from import duties.

These initial meetings in England served as a good introduction to Cayman Enterprise
City, and Jason Blick is looking forward to developing lasting business
partnerships that will benefit CEC, the Cayman Islands and the UK.

CEC staff joining the CEO on this trip included Chief Strategy Officer Charlie Kirkconnell;
Legal Counsel Chris Narborough; and Chief Information Officer Tom Powell.

The foresight of The Premier of the Cayman Islands the Honourable W. McKeeva Bush
to diversify Cayman’s economy by introducing new knowledge-based industries, was
perfectly aligned with the vision of Cayman Enterprise City. Premier Bush, his
Government and the Cayman Islands Civil Service have been highly instrumental
in bringing this project to fruition by signing a Definitive Agreement last
July, passing the necessary Special Economic Zones bill in September 2011 and
setting up the Special Economic Zone Authority (SEZA) last December.

About Cayman Enterprise City

Cayman Enterprise City is a Special Economic Zone being developed in a
state-of-the-art campus of innovative and sustainable architecture in Grand
Cayman, designed to complement and respect the local environment. It will
include: Cayman Internet & Technology Park, Cayman Biotech Park, Cayman
Media Park, Cayman Biotech Park Cayman Global Commodities & Derivatives
Park, Cayman Outsourcing Park and Cayman International Academic Park. There will be no manufacturing or industrial businesses within the zone. International businesses establishing within the zone will not be permitted to trade in Cayman outside of the zone so they cannot compete with local businesses.

Cayman Enterprise City was officially launched in February this year and is open for
business. To meet the demand of clients, CEC has taken interim accommodation in
and around George Town and it has been designated at Zone Space whilst the main
campus is being built.

For more information call 345-945-3722,
e-mail h.cahill@caymanenterprisecity.com or visit www.caymanenterprisecity.com.

Topics: News
Hilary Cahill
Hilary McKenzie-Cahill is a Cayman Enterprise City staff alumni and former VP of Marketing and Business Development. Hilary is a serial entrepreneur and a powerhouse of energy, passionate about everything she undertakes.
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