Global News Matters, which produces the fortnightly Market Dynamics Caribbean newsletter, has listed Health City Cayman Islands as one of the top five Caribbean investment opportunities to watch in 2015.
During the recent live webinar entitled “Caribbean Outlook: Winning in 2015 and Beyond,” which presented the major highlights of regional investment opportunities, Global News Matters listed the state-of-the-art Cayman Islands facility as one of the five “Top investment projects to follow” in the upcoming year.
Melissa Marchand, Managing Director of Global News Matters, said medical tourism is on the rise in the region but there is a danger that organizations will build facilities and then hope and wait for patients to come: “The sector has to be carefully planned with Caribbean countries coordinating to avoid costly duplication and inefficiencies.”
Marchand believes countries should look at using the solid medical depth and experience of Health City to identify complementarities that can benefit other Caribbean institutions.
Shomari Scott, Marketing Director of Health City Cayman Islands, said the international hospital was honored to be considered a top five “game changer” for the new year. “We look forward to raising the bar by consistently providing high quality, affordable healthcare services to local, regional and international patients in 2015,” he said, promising that new additions to the leading edge facility will be announced in the coming months.
In her summary of the Caribbean’s outlook for 2015, Marchand reported significant potential to develop and grow business in 2015 with the monitoring of developments and markets being the “key to success.”
Detecting “healthy prospects for growth and innovation in all sectors,” Marchand noted the “construction pipeline is strong,” offering opportunities for the region “to improve market access.”
She asserted: “There are many gaps in the region, and closing them can become opportunities for those investors that really understand the regional context of each local economy.”
In addition to the Grand Cayman-based medical facility, the exclusive newsletter listed four other projects: Baha Mar in the Bahamas, Yida International in Antigua and Barbuda, the Merian Mine in Suriname, and the Jamaica Logistics Hub.