Madam Speaker, there are numerous investors who are ready, willing and able to develop our islands. It is therefore important for us to develop a Economic Development Plan, which would give the assurance about Government's intentions and support.
Among the specific projects that are being considered is the construction of two to three luxurious tourist resorts.
One resort will be located in the Western Peninsula and another in the
Eastern End of the Island. A third is currently being considered for Cayman Brac by investors. These resorts will cater to international sporting events, such as golf tournaments and will have spas and other facilities for wellness.
Madam Speaker, as you aware, the tourism management policy has indicated that a moratorium should be placed on tourism accommodation development on Seven Mile Beach.
You gotta love this!!!
