KINGSTON, Jamaica, CMC – Prime Minister Andrew Holness says his authorities continues advancing key engagements to strategically place Jamaica because the fourth node within the international logistics community.
He stated the engagements embrace infrastructure upgrades, particular commerce preparations and provisions with main buying and selling companions, regulatory reform, such because the institution of the OmniBus Laws and Particular Financial Zone (SEZ) regime, bettering the convenience and velocity of doing enterprise, and financial stability.
“We’re very critical about making Jamaica the fourth node within the (international) logistics [network], and as you’ll be able to see, we’re engaged on the entire important areas,” Holness stated as he addressed the ceremony for the US$ 13 million Kingston Gateway Industrial and Warehouse Complicated.
On completion, the Kingston Gateway Industrial and Warehouse Complicated will comprise 21 trendy warehouses providing 112,000 sq. ft of rentable area designed to fulfill international requirements.
Holness stated that the Port Authority of Jamaica (PAJ) is anticipated to interrupt floor for the long-awaited Caymanas Particular Financial Zone (SEZ) challenge inside two months and that it has “been tasked to de-risk the challenge, tackle the event threat… develop the primary 50 acres of the challenge and discover an anchor tenant.
“So, Jamaica can have its first true particular financial zone,” he stated, additionally indicating that the City Improvement Company (UDC) shall be breaking floor “in a few days” for one more main challenge, which is able to provide roughly 40 tons for warehouse and industrial use.
“It received’t essentially be a particular financial zone. Nonetheless, the individuals buying lands there might in all probability search their very own SEZ certification. That challenge goes so as to add important warehouse capability to Jamaica. Over 40 tons, averaging about an acre or a little bit bit greater than that, shall be up for buy,” he stated.
“I wish to guarantee you… that we now have been making important advances, and with the worldwide uncertainties relating to tariffs and all the opposite points that might make us very involved about what the brand new worldwide order is, Jamaica is placing itself ready to each meet crises and alternatives.
“That’s how, as a small nation, we are going to nimbly survive the challenges we face. In every part, I imagine in selecting Jamaica. I urge all of you… to make that alternative to decide on Jamaica,” Holness stated.
