Wed | Jul 24, 2019

JAMPRO secures billions in investments for 2018

Published:Monday | December 17, 2018 | 12:00 AM

The Government's investment promotion agency, JAMPRO, secured foreign direct investments valued at several billion dollars in 2018 for various sectors, according to state media, the Jamaica Information Service.

"Up to June of this year, we have booked foreign direct investments (FDI) at US$166.7 million while export sales stood at US$407.3 million, and the work doesn't stop there," said JAMPRO Chairman, Senator Don Wehby.

He was making his contribution to the State of the Nation Debate in the Senate on Friday.

Wehby noted the investments and growth in the business process outsourcing (BPO) sector, which had employment of 32,500 persons as at September 2018.

"This industry is growing so fast that we have to ensure that we have the people that are properly trained to meet the demand, because we are projecting at JAMPRO, 11,000 new jobs a year in the BPO industry," he said.

He told the Upper House that the National Investment Policy (NIP) will be coming on stream in the first quarter of next year.

It aims to establish a comprehensive framework that will guide the development, administration and monitoring of the investment community.