Most Read Contributor in Cayman Islands, September 2016
The Department of Commerce and Investment (DCI) invites local
and foreign persons who have invested in the Cayman Islands to
compete in the Regional Investor of the Year Awards (RIYA).
The entry deadline is 11pm Friday, 31 October.
RIYA is an initiative of the Caribbean Association of Investment
Promotion Agencies (CAIPA), and its secretariat, the Caribbean
Export Development Agency (Caribbean Export). Its intention is to
recognise and promote the contribution of foreign and local
investors to the Caribbean economy, DCI Director Ryan Rajkumarsingh
This year, RIYA is focusing on the green economy, and efforts to
protect the region's environment. According to its release,
'RIYA 2014 will seek to promote investments in initiatives that
employ environmentally friendly and sustainable business practices
– initiatives that protect the region's delicate
ecosystem – its flora, fauna and human life.
'Foreign and local investor applicants must demonstrate that
they have made significant contributions through changes in
processes, practices, and structures to moderate potential damages
to our ecosystem, or to benefit from opportunities associated with
the green economy'.
RIYA will present four awards. The Local Investor of the Year
Award will be given to an investor of Caribbean birth; and the
Foreign Investor of the Year Award, to a non-Caribbean national.
Awardees in these two categories will have invested in operations
in the region that have generated a significant impact on the green
Women investors are invited to enter the special award category.
Applicants in this category do not have to be investors in a green
initiative, but they must demonstrate the significant effect their
investment has had on the region's socioeconomic
The fourth award, for Regional Investor of the Year, will be
selected from one of the three category winners.
In addition to the 11pm deadline on 31 October, other important
dates are 7 November, when category runners-up will be announced;
and 18 November, when the winners will be announced during
CAIPA's Annual General Assembly.
This is the second year that the awards have been held, Mr
Rajkumarsingh said. He noted that Cayman
Enterprise City received the Special Award for 2013, and that
videos of CEC and other regional success stories can be found on
YouTube, on The Caribbean Export page.
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