Hub investments worth billions
Minister of state in the Ministry of Industry, Investment and Commerce, Sharon Ffolkes-Abrahams, says billions of dollars of private investments in infrastructure and other developments would be involved in the Logistics Hub Initiative.
She pointed out that several leading global firms have already made bids on some of the planned projects, while others are already under way.
Ffolkes-Abrahams was speaking at the official launch of National Employers' Month celebrations, held at the Jamaica Employers' Federation headquarters in Kingston on September 5.
"We are also facilitating the participation of smaller firms in export value chains through collaboration with global enterprises in industry specific clusters. We are implementing business climate reforms and establishing a new special economic zone regime to attract large global enterprises to benefit from our more competitive positions in the global logistics chain," she said.
Ffolkes-Abrahams said the ministry envisions that the special economic zones will contribute to growth, development and prosperity.