CIIB forges business ties in Hong Kong

Mike Rowse, Director-General of Investment Promotion
and the Hon McKeeva Bush at Invest HK in Hong Kong.

Monday, March 21, 2005

Members of Cayman and Hong Kong’s business elite gathered for a reception to celebrate the opening of the Cayman Islands Investment Bureau’s (CIIB) Hong Kong office last week, Tuesday March 15, 2005 at the Mandarin Oriental. The CIIB Hong Kong Office is the second Investment Bureau to open outside of Grand Cayman, the other being in London with a satellite office in New York, helping to drive and facilitate investment in and from the Cayman Islands.

The Hon. McKeeva Bush Leader of Government Business delivered a keynote address at the reception, welcoming guests from the business and government communities of Hong Kong and Cayman.

"The Cayman Islands and Hong Kong have a great deal in common and it is essential that Cayman has a presence in such an important world city,” said Mr Bush. ‘My vision is that the Investment Bureau will be the key facilitator in the investment process: it will provide a single point of contact to address the needs of potential investors and an important source of information about the Cayman Islands."

"Going forward, we will build on our modern physical, technological and professional infrastructure to further expand and complement our strengths in service-related sectors such as financial services and tourism. With the global shift in foreign investment towards services, the Cayman Islands is ideally positioned to diversify into technology and e-business related areas. In addition to these sectors, we also welcome investors pursuing innovative business models that will broaden the economic base of the Cayman Islands," he added.

Mike Rowse, Director-General of Investment Promotion at Invest HK was delighted to welcome the Cayman Islands Investment Bureau to Hong Kong and said: " We extend a warm welcome and wish you a good start and every success in Hong Kong and the region."

Dax Basdeo, Executive Director of the Cayman Islands Investment Bureau joined Minister Bush at the reception in Hong Kong. He commented: "The opening of the Hong Kong office marks another important step in the development of infrastructure to help drive investment to Cayman from key global markets."

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