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Chinese to invest US$1.5b in Jamaica

Published:Monday | August 12, 2013 | 5:25 PM

The government last night announced that it is in negotiations with a major Chinese corporation that wants to invest US$1.5 billion in Jamaica.



Addressing the South East St Andrew constituency conference at the Mico University, works minister Dr Omar Davies said the project involves major expansion to existing facilities at the island's main seaport.



He explained that the investment will change the employment picture across the entire Kingston Metropolitan Region.



Dr Davies said this project will provide major opportunities for investment across several sectors, particularly the information technology sector.



Davies said he could not divulge too much information about the negotiations which he is spearheading, but promised that there will be an announcement in months.



He, however, revealed that the Chinese company is seeking to make Jamaica its central location for the western hemisphere.



Dr Davies said Jamaica was chosen because of its location and because the Chinese have found that Jamaican workers are easy to train.



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