BEIJING, China:China Communications Construction Company (CCCC), the parent company for China Harbour Engineering Company, says it will be establishing its business hub in Jamaica.
CCCC President Liu Qitao told a Jamaican delegation headed by Prime Minister Portia Simpson Miller on Wednesday that the establishment of the hub is critical to its plans.
Liu also said his company intends to pursue other projects in Jamaica, namely the Kingston Harbour Channel upgrading project, a long-term concession for the Kingston Container Terminal, as well as works at the Portland Bight Industry Park. He did not say when those projects would get under way or the levels of investments that would be made.
"Jamaica is a major investment target market for CCCC in consideration of the other Caribbean countries, and we hope that Jamaica can provide us with such a platform that we will further develop our collaborations, and to expand our operations on a larger scale and a higher level," Liu said.
The CCCC president told the Jamaican delegation that such strategic partnership would redound to the benefit of both entities.
"We will be focusing on the win-win situation of such collaboration, by localisation and regionalisation, the set-up of our offices in Jamaica and the Caribbean countries to maximise the local interest and show interest to social responsibility," Liu added.
He said CCCC was expanding its operations and was moving from being a contractor to being an investor. He said the new thrust would see the company focusing on building a business chain of operations that range from designing, manufacturing and operation.
In reply, Simpson Miller said she was pleased to hear of plans to operate offices in Jamaica as a hub for China's operations in the region.
"We would be more than happy to give all the support we can to CCCC for establishing your hub in Jamaica and we look forward to working with you for the implementation of your hub," the prime minister said.
Simpson Miller also expressed the hope that CCCC would give favourable considerations to other investments in Jamaica.