Verdant Isle Port Partners has partnered with the Cayman Islands Government to ensure the Cayman Islands has world-class cruise tourism infrastructure. Verdant Isle Port Partners is making a US$250 million investment in the project.
The port redevelopment project will stimulate economic growth, create employment opportunities and encourage sound development to produce long-term benefits for the country.
The Cayman Islands cruise berthing and cargo enhancement project is being developed with no financial risk to the Cayman Islands Government and the people of Cayman.
In 2019, the annual economic impact to the Cayman Islands from cruises was US$240 million. Following completion of the new port, this will increase US$100 million to US$340 million each year.