Mon | Jun 17, 2019

JISCO looking for partners in industrial park and SEZ

Published:Monday | April 23, 2018 | 12:00 AM

Jiuquan Iron and Steel Company Limited (JISCO) is looking at possible joint-venture Jamaican partners for Chinese companies that will be investing in the industrial park and special economic zone (SEZ) in Nain, St Elizabeth.

The project comprises an already-approved US$3-billion investment by JISCO in expanding their refinery and post operations as well as a projected US$3-billion development in the industrial park and SEZ.

Speaking at the 46th staging of Expo Jamaica at the National Indoor Sports Centre last Thursday, Minister without portfolio in the Office of the Prime Minister, Michael Henry, said the investment will present numerous opportunities for the local manufacturing sector.

"Here is an opportunity for (JISCO) to look at where we are as a country, where the opportunities exist, and where we recognise that our market is the world. Come and look at what exists, come and meet the businesses that are here," he said.

"It is also an opportunity to encourage Jamaican businesses to equally see what are the opportunities, and how you can expand and whether you want to relocate to an industrial park, an SEZ, and how that ... helps your growth and development," he added.

Under the theme "Advancing Breakthroughs', the expo was hosted by the newly formed Jamaica Manufacturers' and Exporters' Association, in collaboration with JAMPRO, between April 19 and 22.