jamaica is - Jamaica Business Opportunity Service

Transcription

CONTENTS
JAMAICA
IS
6
INVESTMENT
OPPORTUNITIES
15
DOING
BUSINESS
90
TOURISM
INFORMATION & COMMUNICATIONS TECHNOLOGY
INFRASTRUCTURE SERVICES DEVELOPMENT
AGRICULTURE
CREATIVE INDUSTRIES
MANUFACTURING
MINING & ENERGY
TODAY’S JAMAICA
means business.
We are on the radar of serious investors
who are seeking out smart investment
opportunities in Jamaica. Our credentials
are impressive:
We are located at the heart of the
Caribbean. We stand ready at the gateway
to important trading partners in North,
Central and South America, and we are
within easy access to Asia via the Panama
Canal.
Christopher Columbus was the first to
recognise our strategic location on his
discovery voyage of 1494. Claiming the
island for Spain, Jamaica quickly became a
major transshipment point to Central and
South America.
A century and a half later, the British fought
the Spanish to gain control of Jamaica,
which had by then become the pearl of the
Caribbean. History tells us that the pirates
and buccaneers made Jamaica the richest
island in the western hemisphere.
During the long centuries as a colony
of Britain, Jamaica became the largest
producer of sugar and one of the most
valuable assets of the Empire. The wealth
produced by the island in the 1800’s
dazzled Britain, and helped to finance the
Industrial Revolution in England. Since
then, Jamaica has grown to become the
economic hub of the region. Our spirit
of enterprise is unparalleled in trade,
commerce and investment.
Lover’s Leap, St. Elizabeth
We have had several claims to international
fame – we led the world in the production
of bauxite; our Blue Mountain Coffee is
the most exquisite; our unique spicy jerk
seasoning the most tantalizing; and our
premium rums and very special Tia Maria
Coffee Liqueur are unrivalled.
We are the capital of reggae music and a
leading tourist destination. Yet, our greatest
resource is our people - determined,
creative, talented - many Jamaicans have
made us proud, excelling in the international
arena in sports, music, the arts, academia
and professional endeavours.
Since gaining political independence
in 1962, Jamaica has followed a path of
nation building. We have shed the old
mantle of Third World, and have come
into our own as New World - ready,
willing, competent and able to take on the
challenges as valued players in the global
economy. We have forged ahead with
major infrastructure developments - major
highways, two state-of-the-art international
airports, sophisticated port facilities and
telecommunications systems.
We are the
capital of reggae music
and a
leading tourist
We pride ourselves in our business
hospitality. Our aim is to make our investors
feel at home in Jamaica and to establish
long term partnerships. To facilitate all
aspects of new business ventures, we have
tailored a wide range of incentives, which
include newly tabled laws and agreements,
as well as sector specific concessions and
incentives.
destination.
Our one-stop investment agency, Jamaica
Trade & Invest, is here to synchronize and
accelerate your investment to enable you to
operate successfully.
We know how to do business, and do it well.
Welcome to Jamaica!
JAMAICA IS
a harmonious blend of all races and
cultures with an intriguing history that
has created one people out of many and
a culture that is unmistakably Jamaican.
So whether you’re planning to come for
leisure or business, you’ll find something
to meet your every need in the diversity of
Jamaica’s resort areas or in the spontaneity
of Kingston, the nation’s capital.
Kingston...the Island’s Heartbeat
At the foot of the Blue Mountains,
overlooking the world’s 7th largest natural
harbour, Jamaica’s vibrant capital is the
largest English speaking city south of
Miami, Florida. The centre of the country’s
government and commerce, Kingston
is home to the island’s commercial and
cultural establishments.
Richly steeped in folklore and adventure
with a diverse array of historic and social
attractions, the city dishes up great upbeat
nightlife and, a range of dining venues
offering a cosmopolitan contrast to the rest
of the island’s relaxed and easy pace.
Take a tour of the Devon House Mansion,
see the impressive works-of-art at the
National Gallery, or visit any of the city’s
night-clubs and restaurants. Not afraid of
an adventure? Sail out to Lime Cay, stop by
Port Royal, once a hang-out for pirates, or
hike the nearby Blue Mountains. Or maybe
you prefer to see the National Dance
Theatre Company perform or hear the
University Singers.
Illustration: © 2008 Susan Lee Quee
Birdseye view of New Kingston
International musical artistes, sports
enthusiasts, world-leaders, historians,
gourmands and artists from around the
world easily cross paths in the Caribbean’s
favourite city. Kingston delivers a potent
adrenaline rush, unlike any other
Caribbean city.
The most westerly of the Englishspeaking islands in the Caribbean,
Jamaica is 885 kilometres (550 miles)
south of Miami, Florida and 145 kilometres
(90 miles) south of Cuba. It is 235 km
(146 miles) long and 82 km (51 miles)
wide. With low coastal plains and its best
beaches on the north and west coasts,
and with a mountainous interior, Jamaica
is geographically diverse, with its highest
peak, at 2,256m (7,402 feet) in the Blue
Mountains.
Modern Infrastructure
Jamaica has nine (9) active ports, the
largest of which is the Port of Kingston.
Geographically and strategically located
along the north/south east/west axis of
the Caribbean, the port is just 32 miles
from the trade routes that pass through
the Panama Canal.
The Port of Kingston handles approximately 80% of all imports. It includes a
modern container terminal, a large breakbulk wharf with roll on/roll off facilities, an
oil refinery and a dry bulk terminal. The
present, fully computerised terminal has
eleven berths, backed by over 40 hectares of container yard space. Its state-ofthe-art stevedoring equipment includes
seven rail-mounted 40-ton gantry cranes,
30 straddle carriers, yard chassis and hustlers, refer outlets and a freight station.
Norman Manley International Airport
Meanwhile, American Airlines, Air Canada, British
Airways, Caribbean Airlines, Copa, Cubana, USAir,
Northwest Airlines, Cayman Airways, Condor Airlines
and Continental Airlines, Spirit and Virgin Atlantic
are but some of the 56 airlines that fly to Jamaica.
Additionally, there are several major international
charter airlines operating non-scheduled flights into
Jamaica as well as two airlines for private and military
use.
Air Travel
Jamaica has two international airports, Norman
Manley International Airport located in Kingston and
the Sangster International Airport in Montego Bay.
The Norman Manley International Airport sits south
of the Kingston Harbour on 228 hectares (563 acres)
of land. It has a runway of 816 square metres (8,785
square feet). The Sangster International Airport runs
along the northern strip of the country, 3.2 km from
downtown Montego Bay. It’s on approximately 235
hectares (580 acres) of land, with a runway of 809
square metres (8,700 square feet).
Both international airports offer air cargo, courier
and ground handling services. The national carrier, Air
Jamaica, is responsible for approximately 60% of the
total passenger arrivals and departures.
The Northcoast Highway
The Kingston Container Terminal
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Quick Facts
The third largest Caribbean island. Of the 50 inhabited
islands of the Caribbean archipelago, Jamaica has the most
unique appeal and the strongest brand.
Total area - 4411sq. miles, 146 miles long and 51 miles
wide. The majestic, misty Blue Mountains peak at 7402 feet
and lush tropical valleys give way to vast sweeping savannahs
and rolling hills. The coastline is blessed with endless
miles of white sand beaches and picturesque bays. There
are over 120 rivers, amazing waterfalls, subterranean caves,
bottomless blue holes, and many therapeutic hot springs.
Largest English speaking island in the Caribbean. Our local
dialect, patois, is as colourful, vibrant and expressive as our
people.
Weather - idyllic, tropical maritime. Warming to 80º F, cooled
by the sea breeze and two rainy seasons.
Population 2.7 million strong. Over the centuries, Jamaica
has become a melting pot, and today’s Jamaica represents
a harmonious blend of races and cultures. Proud of our rich
heritage, our motto is ‘Out of Many one People.’ Our diaspora
is far-reaching, with over two million Jamaicans living all
over the world.
Carnival celebrations
Jamaica has one of the most developed educational systems in the West Indies
Jamaica boasts a highly developed, broad-based economy
with a large, highly skilled and trained workforce. Tourism ,
supported by over 3 million visitors annually, dominates the
economy and is the largest employer. Next is mining, we are
the third largest producer of bauxite in the world; Agriculture
is diverse and our manufacturing sector is highly productive.
Real estate and land development are big business, and we
are making great strides in telecommunications as Jamaica
ranks among the leading outsourcing destinations in the
Caribbean.
Jamaica offers a stable government, a
unique cosmopolitan Caribbean living
environment, excellent working conditions, and a skilled, highly trained and
trainable workforce.
Our investors have confidence in us
because of our track record in facilitating highly successful investment projects across the island from mega to
medium and micro, in all sectors of the
economy.
KINGSTON, the capital city, is the heart of commerce, culture
and industry. It is the seat of government and boasts the 7th
largest natural harbour in the world.
Emancipation Park, Kingston
Parliament in session
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INVESTMENT
OPPORTUNITIES
Mining & Energy
Manufacturing
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Creative Industries
Jamaica is strategically located at the gateway of the major air and sea routes into
the Caribbean Basin. With world class port
facilities, two international airports on the
doorsteps of the North American mainland
buttressed by breath-taking landscapes
and vistas, Jamaica does business with the
world.
Agriculture
Infrastructure & Services Development
Information & Communications Technology
Tourism
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Beyond the island’s location and natural
beauty, Jamaica presents to the discerning
investor, a literate and trained workforce,
whose cultural strength and diversity make
for an investment experience that brings
unique relevance and distinctiveness to the
life of your investment in Jamaica.
Add a well-developed financial services
sector, sophisticated telecommunications
infrastructure, modern road and highway
networks, and appreciate why Foreign Direct Investment Magazine voted Jamaica in
2006 as offering the most ideal Investment
Infrastructure and the best Investment and
Development Strategy to investors in the
Caribbean. Jamaica is also one of the leading outsourcing destinations in the Caribbean and Latin American region, and Foreign
Direct Investments do well on the largest
English-speaking island in the Caribbean
because of our stable government and enabling business environment.
Jamaica Trade and Invest, the nation’s investment and export promotion agency, is
situated at the nexus of the process to land
your investment in Jamaica and to facilitate
business success and integration with the
local business community.
Jamaica Trade and Invest is focused on
bringing investments to Jamaica in the
areas of Information & CommunicationS
Technology, Agri-business & Manufacturing,
Mining, and Renewable Energy, Boutique
Tourism and the Creative Industries.
Today’s Jamaica Means Business!
Come on Board!
DISCLAIMER: This Profile Directory has been compiled by Jamaica Trade and Invest (JTI) from information provided by the companies/individuals listed.
The content provided is for reference purposes only, without any representation or endorsement made, and without warranty of any kind whether expressed
or implied, including but not limited to the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, and accuracy.
All content is the sole responsibility of the company/individual and can no way be taken to reflect the views of the JTI. In no event will JTI be liable for
any loss or damages, including without limitation, indirect or consequential loss or damages, of any loss or damages whatsoever arising from use of the
information provided. In addition, JTI will not be held liable for any illegal or infringing acts committed by any of the companies/individuals in the Profile
Directory. These terms and Conditions shall be governed by and construed in accordance with the laws of Jamaica. Any dispute arising under these terms
and conditions shall be subject to the exclusive jurisdiction of the courts of Jamaica.
TOURISM
Limitless Possibilities
Jamaica’s performance in Tourism continues to
defy the expectations of industry experts. In the
face of global terrorism, health scares and high
oil prices, Jamaica’s tourism industry continues to
be one of Jamaica’s fastest growing and profitable
sectors, with real GDP growing by 0.2% in 2007
and projected to experience further growth in
2008. Total stopover arrivals to the island was
1.7 million in 2007, with Europe, the USA, and
Canada being the island’s predominant sources
of visitors. In recent years, substantial foreign
direct investment has occurred in the tourism
sector as there are opportunities for investment
in accommodations, attractions, shopping and
other areas of entertainment.
Cruise Liners to Jamaica
Jamaica has a beauty few islands
can claim and tourism offers
limitless opportunities.
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Jamaica continues to reign as one of the world’s
leading cruise destinations. With ports of call in
Montego Bay, Ocho Rios and Portland, Jamaica is
strategically located on shipping lanes to major
trade and tourism destinations.
Prominent shipping lines including Royal
Caribbean, Ocean Village Cruises, the Ventura,
Aida Cruises, Carnival, and Princess Cruise Lines
make numerous stops here on an annual basis
and the dramatic growth in both stop-over and
visitor arrivals to the island have contributed
to the rapid expansion of Jamaica’s attractions
sector. Freedom of the Seas, the world’s largest
and most modern cruise liner, made its inaugural
call on the port of Montego Bay in June 2006.
Additionally, the West Harbour Marina in Portland
on Jamaica’s east coast provides berth for superyachts.
Blue Hole, Portland
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Attraction Development
Resorts and the RIU Hotels & Resorts. It
has been projected that by 2010, Spanish
hotel investments will have invested
upwards of US$ 1,000,000,000 in resort
developments along Jamaica’s north
coast. The hotels being constructed are
all four and five-star resorts and these
investments from Spain have brought to
Jamaica a new target market as these
companies are already established in the
European, South and Central American
Markets. Additionally, there has been a
significant increase in the development
of boutique resort accommodations and
mixed use developments.
Investors have been increasingly
optimizing on the linkages between
the cruise shipping industry and visitor
attractions, as in the case of Carnival
Cruises and an exciting new local
attraction called Mystic Mountain.
These developments will have significant
economic spillover for the surrounding
communities, as a source of employment
both during and after construction.
Marine attraction, Dolphin Cove and
soft adventure attraction Chukka Blue
Adventure Tours, have added to the
diversity of the island’s attraction sector,
which has scope for further development.
Whilst there’s a clear link between the
cruise shipping industry and attractions,
there are also links between the cruise
shipping industry and the hotel sector,
such as the ‘sail and stay’ programme.
Under this programme, cruise ship visitors
stay one week on the island and another
week on the ship.
The increasing room stock, particularly
in resort towns, and anticipated increase
in visitor arrivals boost the viability
of sports and recreation facilities. The
development of marinas for instance, could
play an important role in increasing the
sailing and yachting market. Additionally,
the development of shopping complexes,
particularly upscale malls, will enhance
the synergy that exists between the
tourism and creative (entertainment)
industries.
Health and wellness tourism
Health and wellness tourism is a fast
growing sector internationally and
Jamaica seeks to capitalize on this trend
through the development of spa facilities
and retirement village communities.
With our breathtaking pockets of
unspoilt nature, rich heritage and culture,
the abundance of medicinal herbs, and
the overflow of healing springs and
fountains, Jamaica can easily capture
an even greater share of the tourism
market through specialized areas such as
ecotourism, health, heritage, attraction
and entertainment or cultural tourism.
With the development of exclusive
brands, the impending growth sector will
lead to additional investments in the
following key areas:
• Infrastructure
• Tours & Attractions
(Heritage, Water sports, etc.)
• Entertainment
• Transportation
• Housing (for employees)
• Training and skills development
• Shopping
• Health Care Services
• Agriculture/Agro-processing
Increase in Five Star & Boutique
Resort Accommodations
Significant FDI from Spain has flowed into
Jamaica through the accommodations
sub-sector during the last five years.
These investments include well known
resort chains like Iberostar, Palladium
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Map of Tourism Project Locations
1. Boston Bay
2. Holland East End
3. San San
4. Ireland Pen
5. Paradise Park
6. Mosquito Cove
7. Cotton Tree Bay
8. White Bay
9. New Court
10. Mahoe Bay
11. Tan Marj
12. Laughlands
13. Milk River Mountain
14. Farquharson Beach
15. Amaterra
16. Palm Village Estate
17. Lifestyle Villages of Jamaica
18. Negril Peninsula
19. Vedaville
20. Drax Hall
21. Seacliff Village
22. Upton Resort
23. Treasures of Trelawny
24. Enchanted Gardens and Carinosa Homes
25. Fern Hill Hotel
26. Goblin Hill Hotel
27. Golden Seas Beach Resort
28. Grand Pineapple Beach Resort
29. Reef Point Hotel
30. Stony Hill Hotel
31. Port Royal
32. Canaan Family Centre
33. North Negril River Attraction
34. Coconut Park
35. Johns Hall Adventure Tours
Maps by Mona GeoInformatics Institute
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Eastern Coastline
Eastern Coastline
Boston Bay
Holland East
Boston Bay is located approximately
16.09 km from Port Antonio, Portland.
This crescent shaped bay with white sand
beach is approximately 10.45 acres. The
bay, apart from its pristine white sand
beach, is characterized by rocky cliffs
rising 30 to 40 feet above the sea and is
also known as one of the only safe surfing
beaches in the country. The land behind
the cliffs is fairly flat and extends south
to the main road. An old, historic stone
ruin also adorns the property.
This stretch of land behind the cliffs
sits between a breath taking view north
over the sea and the cool inland foothills
of the world renowned Blue Mountains.
The property includes four titles which
the owner wishes to sell together.
The estimated cost of investment is
US$500,000.
Located in the eastern part of Jamaica, St. Thomas, Holland
East End is lined with 2012 meters of linear beach frontage.
As one of the last tracts of white sand seashore in Jamaica
and natural and unspoilt vegetation, Holland East End
suggests great potential for a single multifaceted resort
development.
Status: Concept stage and requires master
planning.
Features of the property include 6 reef protected bays,
200 acres of mangrove / wetlands, 480 acres of flat scrub
land areas with flat rocks close to the surface and 120 acres
of pure beach lands. The property is available for large scale
property development and the mangrove can be developed
into an environmental eco-tourism attraction.
The estimated cost of investment is US$35 Million.
Status: Concept stage and requires master planning.
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Eastern Coastline
Eastern Coastline
Western
Coastline
San San
Ireland Pen
The San San Estate is one of the few remaining pristine
properties in Jamaica where there is an opportunity
for high-end resort development.
The property is located in Portland and is a total of
600 acres. On the property, the scenic San San Bay
consists of 10 acres with unsold villa lots and an 18
hole golf course.
Ireland Pen, located in Negril immediately north of
Bloody Bay, is bisected by the North River control
canal into the Morass. It is the only white sand
beach on this entire stretch of coastline.
The property includes Little Bloody Bay and a
rocky coastal strip covering approximately 331
acres. Water and sewage infrastructure are already
available.
The estimated cost of investment is negotiable.
Status:
Water and sewage infrastructure are already available and the time frame for completion is 2010.
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Western Coastline
Paradise Park
Paradise Park
Paradise Park is a 2,085 acre estate on the South
Coast of Jamaica. The property is largely comprised
of relatively flat land, rolling pastures, unspoilt
palm tree forests and wetlands. The property
is located directly on the Caribbean Sea, with
15,000 feet of shoreline, including approximately
2,230 feet of white sand beach on the western
side of world famous Bluefields Bay in the parish
of Westmoreland. The beach is largely protected
from the predominant south-easterly winds. As a
result, the water in the bay is particularly calm.
Paradise Park is located 5 miles east of the
town of Savanna-la-Mar, and 25 miles south of
Montego Bay. Paradise is approximately 1 hour
drive from the Sangster International Airport in
Montego Bay, and 20 to 30 minutes drive from
the resort town of Negril.
The property is ideally suited for a tourist
resort, with one of the best and longest white
sand beaches in Jamaica, as well as ample land
suitable for hotels, homes, a marina and one or
more 18 hole golf courses.
The Paradise Estate has four rivers which run
from the north into the Caribbean Sea.
A spring on the estate, lying approximately 50
feet above mean sea level, produces an estimated
6.25 million IGPD*, of which 4.96 million IGPD is
available for use by Paradise Park.
*Imperial Gallons Per Day.
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Western Coastline
Eastern Coastline
Western
Coastline
Mosquito Cove
Cotton Tree Bay
Mosquito Cove, a unique property
equidistant between Hopewell and
Lucea in Hanover, is an ideal property
for a marina and hotel development. The
cove is protected by a reef, but allows
easy access to yachts entering the calm,
protected bay.
The 71 acre property is located on the
eastern side of the bay and is north of
the highway from Montego Bay, Jamaica’s
second city.
South of the highway, approximately
200 acres of land rises gently and can be
developed into a golf course. The western
side of the land is 14 acres and has a
small white sand beach.
Cotton Tree Bay is a short drive away
from the casual, laid-back resort town
of Negril which is famous for its seven
mile beach strip. The property consists
of approximately 200 acres located 12
miles east of Negril towards Montego
Bay. It boasts 2 miles of waterfront
starting at the eastern point of Green
Island Bay and continuing east along
the northern coastline. Some grooming
and development of these beaches may
be necessary to bring out its optimum
pristine beauty.
Cotton Tree Bay is a 50-minute drive
from Montego Bay but the Negril Airport
has daily flights arriving from Montego
Bay and flights are 20 minutes in the air
in each direction.
This desirable location has many
possibilities. It is suitable for marina,
resort and/or residential development,
villas, hotels, spa facilities, exclusive
residential homes and riding stables. Its
extensive coastline could offer various
water sports from sailing, snorkelling
and scuba diving to spear-fishing. The
turquoise water offers local natural flora,
fauna and marine life.
The owners will sell parts of the property
which bear a number of different land
titles.
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Northern Coastline
Northern Coastline
White Bay
White Bay
White Bay, ideally located close to Falmouth, Trelawny
on the north coast of the island, is superb beach front
property with access to the new North Coast highway.
Permission for resort development of 30 villas and 40
cottages, or a small hotel with the equivalent rooms
has been granted and could be increased subject to
the permission. Due to the fact that there are no rivers
nearby, the water is crystal clear. The topography of
the land allows for villas to be built behind the beach
and, as the land rises, all villas can have a sea view.
The main white sand beach in the western section
is approximately 1,200 feet. The eastern section is
roughly 2,000 feet half of which is rocky cliffs.
Construction can begin at White Bay immediately and
the estimated cost of investment is US$8.5 Million.
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Northern Coastline
Eastern Coastline
Northern
Coastline
Mahoe Bay
This 38 acre property situated in Mahoe Bay, St. James,
is within a short distance from Sandals Cay owned by
the Sandals Group and is fifteen minutes drive from
Sangster International Airport.
Proceeding east to west, the coastline of the first
third of the site is very well protected by a wide coral
reef that just breaks the surface of the sea at roughly
300 feet out. Looking west as the coral reef narrows
and provides a natural opening to the sea, the coastline
recedes to form a double, white sand crescent beach
that offers a beautiful beach front.
New Court
Status:
Approvals have already been granted for time share and
hotel construction.
New Court is sited in the Parish of
Trelawny, the fifth largest parish located
on the northern coast of Jamaica and fast
becoming the jewel of the Caribbean.
Now, more than ever, as opportunities
arise for acquisition and investment in the
area, the parish is poised for significant
growth and development in the next five
to ten years. The property is bounded
on the north by the Caribbean Sea, on
the south and east by the Starfish Hotel
and properties and on the west by FDR
Pebbles Hotel.
The land is fairly evenly graded with a
moderate gradient to the sea along the
northern boundary and it appears to
drain fairly well under normal weather
conditions. The actual parcel of land is
irregular shaped and has sea frontage of
368.93 meters (1,210.4 feet).
Three (3) hotels have been identified for construction
on the property, two (2) of which have been granted
preliminary approval.
Due to the proximity of the Sangster International
Airport, the recommended height for development is 5
stories.
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Northern Coastline
North Coast
Eastern
Northern
Coastline
Coastline
Tan Marj
Laughlands
This property is located off the north coast of Ocho Rios in
the parish of St. Ann. Bordered by Sandals Dunn’s River on the
west, St. Ann is referred to as the ‘garden parish’ of Jamaica
because of its paramount beauty and incredibly beautiful
landscape. It is, therefore, not surprising that this property
affords a view of the pristine waters of the bay, as well as of
the mountains in the background.
This property is located in St. Ann, known as Jamaica’s
garden parish. It is immediately off the north coast
highway and is 124 acres with sea frontage. The property
sits next door to the Chukka Cove polo grounds and boasts
two main spectacular beach locations.
Air strip- for light planes available by arrangement across
the road. Laughlands, due to its location and pristine
white sand beach stretches is well poised for high-end
resort development.
The property is located approximately 10 minutes from
the main town and tourist hub of Ocho Rios and is perfectly
positioned for large-scale resort development.
At an approved planning density of 30 habitable rooms per
acre, the site has the potential for development of a total of
870 habitable rooms.
Status:
The available infrastructure include roads, water, sewage
mains and ponds. There is an approved development plan,
which includes the construction of hotels, condominiums
or any mixture residential uses.
Status:
Already available infrastructure includes water, electricity &
telephone lines. Approvals received include planning approval,
environmental permit, beach licence, hotel incentive, drainage
plans & sewage treatment plant.
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Southern Coastline
Mixed Use
Eastern
Southern
Coastline
Coastline
& Luxury Development
Milk River Mountain
Amaterra
This is an extraordinary opportunity to
purchase and develop prime real estate
in one of Jamaica’s most exotic locations,
Clarendon, on the south coast of Jamaica. This
spectacular 2,500 acre private mountain sits
just adjacent to the Milk River Bath which is
said to have one of the highest radioactivity
levels of any mineral bath in the world. The
bath is reknowned for curing many ailments
including Sciatica, Lumbago, Gout and Liver
disorders.
The mountain gently rises to approximately
1,100 ft and is bordered on the south by the
sea. Also included in the title is a private
mineral pool on the western side of the
mountain. This location is ideal for exclusive,
high end, low density boutique hotel/spa
development.
Amaterra Jamaica Limited is a five star resort and
mixed use development with championship golf
course and other attractions located in the vicinity
of Duncans in Trelawny. It is located next door to
the exclusive Harmony Cove development to be
constructed on 865 acres.
The project is potentially one of Jamaica’s flagship
mixed use developments and will include:
• 2300 hotel rooms in exclusive five star hotels
• 2000 villas and town-home lots
• Luxury apartments
• Championship Golf Course
• 100 acre Commercial Centre
• 3.5km of scenic ocean frontage ranging
from white sand beaches to majestic limestone cliffs
Farquharson Beach
In addition, there is an ideal site for a conference
centre and/or casino with a natural outdoor
amphitheatre. Based on the size and potential
impact of this project, and in keeping with the
rising trend of the existence of casino facilities in
resorts of this nature, we hereby apply for a casino
license.
Farquharson Beach is located on the south coast of
Jamaica. This land is suitable for high end, exclusive low
density, eco- tourism development.
These lands run contiguous to the famed Milk River
Bath and therefore could be developed into a health oriented eco-tourism development complete with spas and
thallassotherapy.
Status:
Subdivision and environmental approvals have
already been secured.
Status:
Concept stage and requires master planning.
The estimated time frame for completion is 2010.
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Mixed Use & Luxury Developments
Lifestyle
Villages
Palm Village
Estate
Drax Hall
Lifestyle Villages of Jamaica (LVJ) envisions gated communities catering to retirees
primarily 50 and over. It will feature various
communal facilities and activities which aim
to cater to the lifestyles of its residents (e.g.
shops, restaurants, fitness centres, computer/
internet centres, group activities, tour facilities etc.). It is also envisioned that LVJ will
provide assistance with everyday tasks (e.g.
laundry, housekeeping, landscaping etc.) and
access to skilled nursing care as necessary.
Just over 1,700 units are planned for the
development and purchasers will have the
option of buying from a variety of property
types on sale. Units to be offered will include;
single family units, apartments, condominiums
and assisted living units. These units will vary
from approximately 1,250 sq ft to 2,100 sq ft
with preliminary sale prices between US$10
Million and US$25 Million.
Negril Peninsula
Resort
Barrett Hall, a 429 acre property in St.
James, is being proposed as the first site due
to its close proximity to Montego Bay and
the city’s associated medical, commercial and
administrative facilities.
The Negril Peninsula Resort is a unique concept which
brings together the natural resources of Jamaica with
first class resources in leisure, technology and both
physical and spiritual well-being, to create a vacation
lifestyle experience. This mixed use development will
provide approximately six thousand seven hundred and
two (6702) habitable rooms on three hundred and sixtyone acres (361).
The coastal shoreline of approximately one kilometre,
fronted by the Caribbean Sea to the south, is to
accommodate a medium sized marina to accept keeled
yachts and medium sized ocean-going vessels. In
addition, five new beaches will be created to complete
this new coastal destination.
For sustainability, a substantial part of the lower
basin has been earmarked for commercial life and will
see the establishment of office buildings, retail areas,
restaurants, sports and leisure facilities. The development
will also include a security centre and medical facilities
and will be completed in four phases over a period of
five years. Status:
Concept stage and requires master planning
Palm Village, slated to be situated on 225
acres just outside the town of Linstead, is
ideally located between the bustling capital
of Kingston and the island’s northern seaside
coast.
This private continuing care retirement
community will offer multi-family, garden style
condominiums, town homes and single family
residences that work in harmony with the
idyllic surroundings and natural beauty of the
lush tropical landscape. The Private Continuing
Care Retirement community (ranging from
independent, assisted – to nursing care) will
offer world class services and activities that
will appeal to the most discerning client. In
addition to the exclusive design, a former 16th
century great house will be reconstructed to
serve as a central meeting place and clubhouse,
as well as a repository for concierge services,
dining facilities, pub/bars, holiday parties,
afternoon tea and other social events.
The Drax Hall Estate property encompasses
some 800 acres of virgin land along the
Northern coast of Jamaica. The site
is to include two hotels, a marina, a
championship golf course, a sports and
equestrian centre and a substantial quantity
of apartments, townhouses and villas.
A principal objective of development
within the estate has been to leave as
untouched as possible both the landscape
and vegetation of the area. As a result,
the buildings have been woven into the
landscape and topography of the area so
that the line between interior and exterior
is obscured.
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Status: Concept stage and requires master
planning
Status:
Environmental Permits granted
Outline Planning Approvals granted
Estimated Investment Cost: US$1.1 Billion.
Time Frame for Completion: 2010
Status:
Planning approvals have been granted for
two hotels consisting of 280 rooms each,
an 18 hole golf course, a 100 slip
recreational mariner, villas, sea front
and marina condominiums and a sports
complex.
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Sea Cliff Village
Upton Resort
Upton Limited is currently undertaking resort/residential
developments in the Upton community just five minutes
outside of the bustling tourist town of Ocho Rios.
The trio of developments will include condo, semidetached villas and villas to be developed in a community
that is the home to the prestigious Sandals Golf &
Country Club. Assistance needed for this project includes
partnership or bridge/ project financing.
This development is slated to be in the parish of
Portland, a parish perfectly suited for complete rest,
rejuvenation and relaxation.
Sea Cliff Village will operate as a villa rental
community upon completion. It is a proposed sea front
development comprising of three and four bedroom
houses, each with its own swimming pool.
Owners will be encouraged to re-enter their units into
the rental pool. The daily operation will be conducted
by a management company that will see to the rental
activities as well as the maintenance of the property.
Vedaville
(Sunny Crest Enterprise Ltd.)
A joint venture partnership and equity financing are
needed.
Vedaville Jamaica is situated on one of the most
fascinating properties on the south western coast of
Jamaica. The property is located near Whitehouse on
1314 acres of Ledgister family land known as Forest Pen
on the border of the parishes of Westmoreland and St.
Elizabeth.
The location can best be described as a ‘tilted bowl
of exotic undulating landscape’, where every site has an
awesome view of the ocean on one side, and a soothing
mountain range panorama on the other. With a natural
subterranean fresh water supply, and gentle mountain
breezes from the north, one could not imagine a more
magical spot.
The development is slated to be an all-inclusive
community tourism Eco-Village development to be
developed on approximately 1300 acres of land. It
will be a secured, gated community with an interesting
mix of residential, recreational, entertainment, light
industry & commercial activities all geared for the
tourism industry using a holistic approach to achieve
sustainable development.
Status:
All 29 lots (28 of which will be log structures) have
been surveyed and pegged.
All electrical, sewerage lines, water, and utility lines
have been installed underground and all manholes
have been built.
Roadways have been demarcated and cut, and the base
partially marled.
Landscaping is partial, roadway lined with coconut
trees.
A 63,000 gallon concrete water tank is commissioned,
designed for three days supply at full capacity.
Water supply is complete, drawn from the developments
own private water supply source under license from
the Water Resources Authority.
Quarter acre lots of land zoned within the development
are available at US$10,000.
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41
Hotels Use
Mixed
for Sale
& Luxury Developments
Treasures of Trelawny
Stony Hill Hotel
Goblin Hill Villas
Situated on 7.41 acres of land, the Stony Hill Hotel contains
several detached single and multi-storey buildings for Hotel/
Spa accommodation purposes.
The property is characterized by beautifully landscaped
gardens with a panoramic view of the lower lying Corporate
Areas including Kingston Harbour, Palisadoes, Port Royal and
the coastline of St. Catherine. The hotel features 20 rooms, a
spa, swimming pool and bar.
The hotel is within easy commuting distance from most
business centres within the Corporate Area. It is particularly
close to Constant Spring/Manor Park in Kingston which is a
highly rated commercial centre that provides a wide variety
of shopping, financial, medical, social, cultural, and commercial facilities and services. The area is zoned for residential
purposes but approval was granted for the property to be
used as a place of business.
Treasures of Trelawny is located in Duncan’s
Bay, Falmouth Trelawny on 5 acres of plush
land and designed as an exclusive seaside island retreat. The project is located
on one of the most beautiful stretches of
beach in Jamaica.
The property incorporates a limestone
escarpment, which descends gently to the
private white sand beach in Silver Sands.
The Treasures of Trelawny project is
positioned as a high-end real estate
development for sale to high net worth
investors as second homes, corporate
retreats for executives and / or rental &
income purposes. The development will
feature fifty two (52) units, with a mix of
duplexes, apartments, and penthouses. The
units are designed in four (4) blocks with
ancillary buildings, all complemented with
the most exquisite features and amenities.
Status:
The developers of Treasures of Trelawny
are at an advanced stage of securing
the requisite approvals for this 52 unit
resort development and are interested in
partnering with an investor or investors
who are willing and able to invest upwards
of US$7 Million in cash equity to bring the
development to the implementation stage.
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Fern Hill
The Hotel is located
in San San, Portland,
approximately five (5)
miles from Port Antonio on Jamaica’s
North East coast and
two hours drive from
the Norman Manley International Airport in
Kingston.
The Goblin Hill Property sits on 4.7 hectares of prime land. The
twenty-eight, one and two bedroom units occupy 1.6 hectares of
this land. The property is ear-marked for an upgrade to one hundred
rooms. The site plan ensures that expansion can be carried out without interference with existing operations.
Goblin Hill has the potential to be a five star hotel. It has the
necessary infrastructure, including magnificent setting and abundant
space.
Fern Hill is an exceptional 18-acre
resort which is nestled among the lush
tropical foliage of the Blue Mountain
foothills. Fern Hill is ideally situated
with magnificent views of the Caribbean
Sea as it is 150-350 feet above sea
level. Spectacular gardens and mature
tropical trees contribute to the striking
beauty of the retreat which was awarded
Air Canada’s 1991 Unique Destination
Award.
The resort comprises nine significant
buildings which span the full range
of the property. Thirty-one bedrooms
are contained within six (6) of these
buildings, each suite with its own
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entrance. The main building constitutes
a Great House which is located in the
centre of the property and this contains
the main office as well as some suites.
Other facilities include a conference/
recreational room, games area, bar,
tennis court and swimming pools.
Although the property does not have
any beach frontage, it has access to the
San San Beach which is located 1 mile
from the property.
It is also in very close proximity to
numerous attractions including Reich
Falls, Somerset Falls, Blue Lagoon and
Frenchman’s Cove Beach, the most
photographed beach in Jamaica.
Hotels for Sale
Grand Pineapple Beach Resort
Coconut Water Park
Golden Seas Beach Resort
The Golden Seas Beach Resort is located in Oracabessa, St. Mary, and is 13
miles from Ocho Rios. The area is zoned for resort and/or residential use.
The 3.3 hectare property is situated in close proximity to famous properties
such as Noel Cowards “Firefly” and Christopher Blackwell’s “James Bond
Beach”. The site has numerous cottages, apartments, administrative
buildings, a restaurant, swimming pool, tennis court, water sports room,
commercial shops, health spa and salon,children’s play area as well as
a stand-by generator. Split into five different blocks, each with unique
amenities, the entire facility has a total of 72 rooms situated on both the
beachfront and riverside.
The resort is approximately 2 hours away from both international
airports.
The Grand Pineapple Beach Resort is a 65-room property offering
affordable accommodations along Negril’s famous Seven Mile
Beach. Renovated in 2001, this small resort consists of brightly
painted buildings straddling both sides of Norman Manley
Boulevard. The resort possesses a quaint, laid-back atmosphere
suitable for travelers seeking an affordable alternative to the
large, luxury resorts in the area. For onsite recreation, enjoy
beach access, an outdoor pool, tennis, and water activities. There
are 2 restaurants on property, as well as a gift shop. The Hotel is
in close proximity to the town centre of Negril.
The Montego Bay International Airport is approximately 90
minutes away by car.
Reef Point
Enchanted Gardens & Carinosa Homes
Built in the 1990’s on 5.26 acres, the Reef Point Hotel is a
small boutique resort with a breathtaking view of the Caribbean
Sea. Located between the main road and the sea, this Cliffside
property has access to the shoreline and offers panoramic views
of the ocean and surrounding coastline from most areas of the
property. Its main house and charming cottages make it ideal for
an exclusive resort hotel, just minutes from Ocho Rios. The area
is presently zoned for hotel and residential purposes.
Enchanted Gardens is 15.86 acres of some of Jamaica’s greenest gardens
and vegetation. It features a magnificent bird sanctuary with exotic tropical birds, a large pavilion and fish ponds with Japanese Koi. Adjacent to
the gardens lies the Carinosa Country homes developement. It is 5.68
acres and currently has 24 villas. This location is ideal for weddings, corporate functions and any other out door event. There is also potential for
the development of an exclusive spa and nature resort.
Complementing its natural elements, the hotel has a beautiful
pool, a sundeck and a bar. The buildings on the property include
a 2- Storey Main Building (incomplete Second Storey), Nine (9)
1- Bedroom, 1-Bathroom Units housed in six (6) Cottages, One
(1) 2-Storey Cottage, Staff Cottage and a Restaurant/Entertainment Building.
44
Attractions
Attractions
Canaan Family Centre
Coconut Park, the island’s first and oldest amusement park, is
scheduled to undergo major development. Situated on four (4)
acres of the grounds of the Hope Estates in Kingston, Coconut
Park neighbours the national zoo and botanical gardens. While
operational, the park catered to residents in the greater Kingston,
St. Andrew and St. Catherine Metropolitan Area and was a vibrant,
popular family attraction for over twenty years.
It is proposed by Fair Share Ltd, the non-profit owners, that
the park be transformed into a water park facility. Master plans
have been made and the owners are currently seeking a third
party developer on the basis of a long-term lease. The lease will
be a mix of a guaranteed minimum rent and a variable component
based on attendance and average ticket price.
The cost of investment is estimated to be US$2.5 Million and
this includes the cost of the slides at US$1 Million and the cost of
the remaining infrastructure at US$1.5 Million.
This is an exciting idea for the construction and operation of
a family entertainment centre at the Ferry Industrial Park in
Kingston. It is slated to have a 24 lane bowling alley, waterpark,
a dinner theatre restaurant, skating ring, a video arcade, game
rooms, mini-golf, a children’s nursery, state of the art gym, spa,
sauna and a world renowned food court.
The owners of the concept are looking for equity financing or
the purchase of rights to the concept.
John Hall Adventure Tours
From the drum beats of Africa to the quaint dwellings of the Arawak
Indians, this guided tour is sure to offer intrigue. The John Hall Bird
Sanctuary and Feeding Station, where visitors get to feed colourful,
exotic, feathered creatures by hand, has become a popular destination in Montego- Bay St. James.This project is slated to create a
man made waterfall as well as expand and upgrade the existing tour
and sanctuary infrastructure on the property.
The owners are currently seeking funding.
North Negril River Attraction
This development will create an attraction that will provide an
exciting and scenic boat ride along the river. There are plans to
develop a food, beverage and picnic area.
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Attractions
Port Royal
Port Royal is one of the world’s archaeological wonders, and is the only
sunken city in the New World. Nominated as a World Heritage Site, few
locations rival its potential as a major heritage tourism destination.
Headquarters of the pirates in the seventeenth and eighteenth centuries,
it was known as the ‘richest and wickedest city in the world’ in the 17th
century before a massive earthquake and tidal wave struck the city
in 1692. It played a pivotal role in Caribbean history, and became
an important British naval base in the 19th century. On land, there
are still many well-preserved brick buildings including the Fort, Naval
Hospital and the famous Giddy House which, close to the fort, is a
former artillery store and gets its name because of its forty degree tilt,
the result of having been moved by another major earthquake in 1907.
Archaeological excavations in the city have unearthed many treasures
from the past, and there are still several shipwrecks of 17th century
vessels offshore in the harbour, a major attraction for divers.
This development is to be undertaken alongside with the National
Heritage Trust. Major Elements of the Development include:
• A new ferry pier offshore the Naval Dockyard site
• Restoration of the Naval Dockyard site as a reception building
with a café and duty free shops
• Restoration of several public and private buildings in the town,
including the historical St. Peter’s Church which dates
back to 1726
• Restoration of Fort Charles
• Upgrade and development of the museum
• Provision of office space and a hostel
• Restoration of the old Naval Hospital and its environs
• A gift shop
• A sound and light show depicting the history of Port Royal
• General infrastructural upgrade
The project is estimated to cost US$58.6 Million. The sponsors are
seeking equity financing of US$20 Million and loan financing of US$32.6
Million.
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47
Information & Communications
Technology
ICT has tremendous potential and is
one of the fastest growing sectors in
Jamaica.
A deliberate government ICT development strategy
initiated in 2001, has led to tremendous growth in
the Jamaican ICT sector. Presently, the sector focuses
on telecommunications, software development and
the enabled/shared services, which includes contact
centres and Business Processes Outsourcing (BPOs).
There are significant investment opportunities
available in this sector which will be enhanced by
an expansion of the sector to include ICT parks
and offshore educational facilities. Moreover, jointventure partnerships between overseas and local
investors in the software development industry are
mutually beneficial.
There’s Money in Outsourcing
Jamaica’s English speaking and trainable labour
force offers a distinct advantage in offshore
outsourcing. A.T. Kearney, an expert assessment and
global management consulting firm, analyzes and
ranks the top 50 locations worldwide that provide
the most common remote functions, including IT
services and support, contact centres and backoffice support. According to the A.T. Kearney
Global Services Location Index, 2007, Jamaica is
ranked as one of the top locations in the world
as an offshore destination. It is the only Englishspeaking Caribbean destination on the list.
Jamaica is the Caribbean’s leading contact
centre destination for several reasons including
a liberalised sector, the opportunity to save
on costs, while maintaining standards and
quality, and a well developed telecommunication
infrastructure.
Jamaica boasts home-grown
outsourcers such as e-Services Group International
(www.eservicesgroup.com) and Westcom Jamaica
Ltd. (www.westcomjamaica.com).
48
Potential in
Telecommunications
Since 1999, over US$700 million has been invested
in the Jamaican telecom sector, driven primarily by
the construction of new infrastructure.
The telecommunications sector has tremendous
potential for impacting technological and
commercial development, and in recognition of
this, Jamaica has embarked on liberalization of
the sector in order to ensure the institution of
requisite legal and regulatory frameworks and to
ensure general infrastructural improvements. A
draft Telecommunication Policy was introduced in
2007, with full anticipation of the benefits that it
will hold for the attraction of increased investments
particularly in the area of ICT- related businesses
and services.
Mobile Telephony Services
The most dramatic growth in Jamaica’s telecom
sector has occurred in the area of mobile telephony.
Major players have continued to expand and
modernize their networks, introduce new services,
adopt emerging technologies, and employ a variety
of marketing strategies.
International Voice
and Data Services
The Government of Jamaica continues to grant
licenses for international voice and data services
a most lucrative aspect of the telecom industry.
Licenses issued for various services have included:
• Internet
• Data
• International voice and data
• Domestic voice and data
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Fibre Optic Capability
Firms such as Fibralink/FLOW and Trans-Caribbean
Cable Company have been making deliberate efforts
to develop Jamaica’s broadband connectivity.
The advent of broadband is expected to further
reduce the cost of telecommunications services.
Broadband is also expected to have the significant
impact of stimulating other areas of the economy.
Incentives Available
Increased competition in the ICT sector has
brought about improvements in customer service,
quality and reliability, greater sophistication in
the technology, cost reduction to consumers and
redundancy for telecom based services.
Several benefits that await investors include:
• Tax holidays for investors located in free-trade
zones and special development areas
• Tax holidays for industrial enterprises
• Duty exemptions on capital goods, raw materials
and building materials for approved
investments
• Numerous potential markets ensuing from
Jamaica’s membership in trade blocs and pacts
• Debt/equity swap schemes with extremely
favourable conversion rates for hard-currency
investments
• Large skilled and trainable labour force
including university graduates
• Employee loyalty
Technology
Barnett Tech Park
The Barnett Tech Park is a concept for a private
sector ICT Free Zone located on 100 acres in
Montego Bay, St. James. The project has the
potential to create approximately 3,000,000
sq. ft. of production and office space which
will be developed in phases.
Also being considered in the development
plan are the following amenities: Banking and
ATM facility, First Aid Centre with pharmacy,
Supermarket and Post Office, Central security
post, Day care centre and Dedicated training
centre. Plans are in place to incorporate a
central transport centre in order to minimize
the parking needed and to maximize the
available production area.
The project seeks to expand the ICT industry
in a consolidated area so that the necessary
services are provided to make Montego Bay
the undisputed ICT hub for the Caribbean
Region. The estimated cost of investment is
US$270 Million and the estimated time frame
of completion is 2010.
Status:
Environmental and Planning Approvals are
being sought and incentives to be offered
include, duty free on capital imports, Free
Zone Status as well as no GCT and Income Tax
to the company.
Concept Medical
Caribbean Knowledge City
The Municipality of Portmore has zoned a development near the Braeton Parkway for the
development of a hospital as well as Knowledge city including a number of universities such as University College of the Caribbean. The Caribbean Knowledge City is to be
founded on free zone status and public/private partnerships consisting of the following
zones:-Education, ITC, Finance, Healthcare &
Support/BPO Facilities.The estimated cost of
investment is US$270 Million and the estimated time frame of completion is 2010.
Status:
Environmental and Planning Approvals are
being sought and incentives to be offered
include, duty free on capital imports, Free
Zone Status as well as no GCT and Income
Tax to the company.
This project is one which incorporates Medical
Tourism, ICT–specifically a call centre customer
service facility- and a medical training facility.
The project is slated for the eastern parish
of St. Thomas and the land has already been
identified. The investor is, however, seeking a
local partner and part financing.The estimated
cost of investment has not been solidified.
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SymSure International
The Company, which is a 100% Jamaican
owned Software Company, plans to expand its
operations throughout the English-speaking
Caribbean and Southern United States within
the next 3 years.
They also have a global focus with
established channel partners in Australia,
Canada, Dominica Republic, UK, Costa Rica,
Latin America, South East Asia and South
America. The company’s flagship product, the
SymSure™ Monitor, is a sophisticated, risk and
controls monitoring solution that harnesses
the power of scripting languages.
With the SymSure™ Monitor, auditors and
other control professionals can quickly and
confidently monitor any automated system,
enabling executives and decision-makers to
decrease risk levels and increase compliance
organization-wide. To date the company
has over 22 customers across a number of
industries. These include:
• FoxTel (Australia)
• GraceKennedy Group (Jamaica)
• CL Financial Group (Trinidad)
• Banco de Costa Rica
• Butterfield Bank (Cayman Islands)
• Jamaica Money Market Brokers
• Telecommunication Services of Trinidad
and Tobago
• Victoria Police Department (Australia)
• Lihir Gold (Gold Mining Co., Australia)
The company is seeking funding to push its
global marketing strategy with the release of
its version 3 software solution. The estimated
cost of investment is US$2 Million.
ICT Real Estate (office ready facilities)
SMART Technologies JNAP/TCCN
SMART Technologies is owned by a local small
entrepreneur who has developed software
which provides solutions in transactional
Human Resource management as well as
workflow and time management software. The
company has formed strategic relationships
with its international suppliers as they
use technology in biometrics as part of the
Human Resource Management solution. The
company also has the distribution rights
for Jamaica for the Biometric equipment.
Status:
The Company has successfully negotiated
a contract to utilize its Human Resource
Solution and is in the process of expansion.
They are currently seeking funding to
facilitate expansion as well as Joint Venture
Partnerships.
Technology
TCCN is a consortium of companies which was
awarded the license to provide Broadband
connectivity to Jamaica. This investment is
in the process of identifying funding to move
the project forward and should start full
implementation in 2008. JNAP is the point
company responsible for the implementation
of the Broadband project.
JNAP is a co-location and data centre
facility which connects all the major telecoms
in Jamaica as well as provides data storage for
major financial institutions within the region.
The Investor is currently seeking partnerships
and funding.
The estimated value of this project is US$36
Million.
Internationally, the Business Process
Outsourcing (BPO) sector is poised for
huge growth through 2010 generating high
value-added jobs in areas such as Finance &
Accounting, Human Resource Management,
Insurance, Medical & Health Sector
Management, Debt Collection, Outbound
Telemarketing and International Financial
Centres linked back-office functions.
Multi-national BPO operators employ
upwards of 50,000 people worldwide and
typically open Contact Centre facilities
averaging 2000 employees per unit. Jamaica
has huge competitive advantages that
could make it an attractive location for
BPO investors including: English speaking
language capability, highly productive labour
force, low attrition rates, and a track record
of over-performing Contact Centre locations
indexed against other geographies. The
major constraint to Jamaica’s ability to take
advantage of this growing BPO market has
been a serious lack of appropriate ICT ready
space. This, however, presents an exciting and
commercially viable opportunity for investors
to build modular ready facilities e.g. Butler©
type buildings.
These facilities typically need to meet
certain basic specifications including:
• Minimum lead time of 9 months to 1 year
• 45,000 sq feet or more at approx.
J$4,500 per square foot.
• Located in an urban density with access
to a large educated labor force, near
public transportation routes.
• Secure location (minimum crime and also
secured facility).
• Rental rates from US$7-8 per square foot
in years 1-2 through to commercial market
rates via escalator clause.
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• It is usually desirable for expensive capital
fit out items to be included with the
facility including; generators, water tanks,
air conditioning ducting/system.
• BPO operators are usually willing to sign
long term leases up to 10 years (pre-build)
with 7-year break clause; but they
typically do not want to purchase a facility
outright or participate in the building
costs.
Infrastructure & Services
Development
Kingston
Redevelopment
Project
Kingston, as a regional centre for trade and
commerce, has historically influenced the development and character of Jamaica. It is the
official seat of government, financial, industrial and cultural centres and gateway to the
country.
Downtown Kingston is anchored by significant cultural, economic and government
institutions including The Bank of Jamaica,
Parliament, The Supreme Court, The National Gallery of Art, The Ward Theatre, The
Jamaica Conference Centre and the Kingston Harbour Water Front. The physical, social and economic state of downtown Kingston have fallen short in meeting the needs
and defining the aspirations of the Jamaican
people as it is characterized by high levels of
decay and inadequate infrastructure and social services.
Kingston, with focused planning and the
skillful execution of a master re-design plan,
can be transformed into a highly productive
and developed city befitting of a progressive
Kingston to Spanish Town Toll Booth
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country and its dynamic people. It is expected
that this development project will improve
social and economic conditions in the area,
improve physical development and infrastructure and further define the capital city and
the seat of Government.
The redevelopment plan will include among
other things the revitalization of :
West Kingston Market District- Market vendors to be moved to a sanitary and securable
environment.
Kingston Waterfront Festival MarketplaceBusiness Centre, Kingston Mall and Festival
Marketplace to be united to form a world
class tourist destination.
Multi-Modal Transportation Hub-Work has
already begun to develop bus terminals however a further phase is planned to respond to
future increased commuter traffic.
Ward Theatre Cultural Square- A symbol
of the country’s widely recognized cultural
tradition and uniquely talented population is
53
urgently needed to demonstrate unity among
metropolitan and downtown residents.
Discussions have been underway for some
time exploring the possibility of developing
a Cultural Centre in Kingston. The location
and timeliness of the centre are potentially
of great benefit to the re-development of
downtown Kingston.
Kingston Harbour Bridge- A modern tolled
causeway is to be constructed to enhance
and modernize the road network and transportation links between Kingston and the
Norman Manley International Airport and
historic Port Royal.
200 Room Hotel and Conference CentreThe 200 room Oceana Hotel is to be merged
with the Jamaica Conference Centre to form
a conference community. This conference
community would be part of a larger financial and Foreign Mission District.
The estimated cost of investment is
US$5 Billion.
Development
Development
Caymanas Economic Zone
The Caymanas Economic Zone is poised to become the first Science
and Industrial Park in the Caribbean region. Approximately 500 acres
of relatively flat land will be developed to create a world-class centre
to house numerous companies, a research and training institute and
business incubation centres which will be the premier investment
location in several key sectors including ICT, light manufacturing and
agro-processing.
Areas within the economic zone will be designated to these specific
growth sectors. The zone will be the premier institution for research
as well as development facilities that are critical for diversifying the
current export base and facilitating industrial expansion. The Park
will establish a platform for a knowledge driven economy through the
creation of viable industries and the creation of job opportunities for
highly skilled citizens of Jamaica.
The estimated cost of investment is in excess of US$250 Million and
the time frame for completion is 2010.
Status: Concept stage and requires master planning.
Portmore Business Park
Portmore Business Park is planned as a
managed business zone with professional
office space and light industrial workshops.
It will cater to a specific range of non-retail
uses that are environmentally and functionally
compatible. Permissible uses will be limited
to professional services, light manufacturing,
warehousing, and wholesale distribution
(durable goods). Target users are primarily, but
not exclusively, resident entrepreneurs. Large
businesses entering the area through small
storefront firms and wholesale distribution
centre or bulk warehousing are also targeted.
The proposed Portmore Business Park (PBP)
campus is located in the heart of the existing
Portmore Mall retail commercial district, at
the gateway of the town and adjacent to
the proposed “Highway 2000” motorway. The
campus is within 10 minutes of the Kingston
Transhipment Port, 45 minutes from the
Norman Manley International Airport, and 25
minutes from the downtown business district
of the capital city of Kingston. The project
area has the largest concentration and most
diverse labour pool in the entire country.
It also has the largest consumer goods
and services market in both physically and
monetarily.
There are two building types, workshops
and conventional offices. Both are designed
as open plan shell units with flexibility to
accommodate a wide range of uses. Workshops
are planned on two floors. Each floor is
designed to accommodate manufacturing
activities with floor loading of 4kN/m2.
Alternatively, manufacturing can be carried
out on the ground floor and administrative
functions on the first floor. Each unit is
designed with multiple entrances, standard
entrance door for customer access, and roller
shutter for shipping and delivery service
vehicles. Workshops may also function as
offices for uses that are compatible with the
visual and aural quality of the light industrial
environment. Professional offices are designed
in blocks comprising six units, 3 on the ground
floor and 3 on the first floor.
There is a total of two blocks with space
reserved for one additional block, as demand
may require. Units are designed for easy
combination into multiple units to facilitate
larger spatial accommodation.
Hellshire, St. Catherine
The proposed project would include a major resort, residential
development between the city of Portmore and Old Harbour. This would
include the installation of a large reverse osmosis water system for a
large community, central sewage system, re-piping of the area, power
supply, public facilities and the preservation and development of a
conservation area for wildlife.
The estimated value of investment is US$4 Billion.
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Agriculture
Jamaica has sought to modernize its traditional agricultural industries, which include
sugar, banana and coffee, while intensifying the exploration of non-traditional value
added products.
As such, during 2007, the Jamaican agricultural sector improved in efficiency and
diversified its agricultural base through
the use of modern technology. The implementation of the Agricultural Development
Strategy in 2006 was aimed at improving
the productivity of key areas in the sector
including Protected Cultivation (greenhouse
and hydroponics), Apiculture (Beekeeping),
and Organic Farming. While Jamaica’s Blue
Mountain coffee continues to sell at a premium on the world market, other traditional
exports are undergoing significant diversification. The sugar industry for instance is
being restructured through the application
of modern technology and diversification of
output.
The non-traditional export sector also expanded through the use of biotechnology,
investment in irrigation projects, and incentives to interested investors in a number of
growth areas.
This has resulted in the growth of the
aquaculture subsector and the increased
cultivation of fruit trees, indigenous plants,
and herbal products, many of which have the
potential to provide extracts for the nutraceutical and functional foods industries.
World famous
Jamaica Blue Mountain Coffee
Opportunities in the Sector:
There are viable agricultural investment opportunities in the areas of:
• Bio-technology (ultimately leading to an
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expansion of the non-traditional export
sector, including organic farming)
• Irrigation projects along Jamaica’s South
Coast
• Aquaculture - large-scale production of
marine and fresh water shrimp and fresh water fish
• Nutraceutical production through
increased cultivation of fruit trees,
indigenous plants, extracts and herbal
products
• Peppers and other spices such as
pimento
• Winter vegetables and other vegetables
and fruits
• Aloe vera
• Ornamental horticulture and the farming
of indigenous flora linked to the food
processing and tourism industries
• Livestock rearing to meet hotel,
restaurant and general local industry
demands
The government of Jamaica has extended
numerous incentives to investors in the sector including:
• Income tax relief
•Duty concessions on production-related
imports
•Industry modernization incentives
Investors in the agricultural sector have
benefited from duty concessions on imports
related to production and modernization
of industry incentives for equipment,
which has contributed to the technological
advancement of the industry.
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Agriculture
Agriculture
Circle B Farm Tours
Green Produce Farm
Circle B Farm is located in Priory, St. Ann,
the Garden Parish of Jamaica. The farm
is a secure property of 140 acres of land
with gardens of fresh fruits and vegetables all blending in an outlay of tropical
flowers and hiking and mountain trails. It
is fifteen minutes from Ocho-Rios, near
many local attractions and natural sight
– seeing areas such as the world famous
Dunn’s River Falls, Bob Marley’s grave and
museum and a vibrant craft market and
night life.
Tours offered allow visitors to view its
operations in livestock and local crop
cultivation as well as an opportunity to
taste fruits in season. There are areas
designated for rest and relaxation as well
as lodging accommodation.
Green Produce Farm, a 300 acre property
located just outside of Claremont, St. Ann,
has been in operation since 2002. The farm
produces crops such as hot peppers, sweet
potatoes, oranges and has had in operation
since 2007 a fresh water fish farm.
The farm currently has a strong marketing
relationship with various small and large
businesses in the area including the major
hospitals, supermarkets, green groceries,
hotels and restaurants.
The planned expansion of the farm should
include a significant upgrade of the existing
The farm runs a small diversified operation cultivating banana, vegetables including okra, cucumber, calalloo, tomato
and carrots. The farm currently has the
license to extract water from a nearby
spring and plans to bottle water.
There are plans to upgrade the attraction and accommodation facilities
to include picnic tables, signage, a new
gazebo, a refurbished bar, new reception
areas, levelling of footpaths, refurbished
rooms and the training of staff.
The estimated cost of the project is
US$291,000 for which the farm is seeking
financing.
Hot Pepper Production and
Processing Project
There is a growing popularity of hot and spicy
food internationally. Recent market research
has confirmed strong demand for Jamaica
Scotch Bonnet Pepper for hot sauces, as well
as jerk seasoning. Various other studies have
identified unsatisfied market demand for the
product.
The objective of the Hot Pepper Production
and Processing project is to increase local
production to satisfy local and export market demand. The project will involve theproduction of hot pepper to be marketed fresh
and processed value-added products (mash &
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dried ground pepper).
Two hundred and five acres will be cultivated with the expected output of 2.24 million
kilograms. The government has put in place
the institutional arrangements to manage the
projects as a commercial entity.
The Ministry of Agriculture, through the
Agricultural Support Services Project, has
provided grant funding to facilitate projects
which can be accessed by persons currently
involved in pepper production and processing
as well as those who wish to begin cultivation
and production.
aquaculture facilities as well as move the
production of vegetables, condiments, and
tubers to 196,000 kg annually through the
application of the EurepGAP and HACCP
standards. The operator proposes to achieve
this target by adapting crop rotation and
organic farming techniques and improved
management practices.
The total capital cost of the project is
estimated to be J$4.97 Million. Currently, the
project requires funding of J$9.95 Million. The
operator is seeking joint venture partnership
or equity financing.
Scientific Research Council
Marketech Limited
The Scientific Research Council (SRC) is
Jamaica’s principal public sector agency,
responsible for the fostering and coordination
of scientific research and the promotion of its
application.
The SRC develops products based on science
and technology research that are marketdriven. Many of the products developed
support the agricultural/agro-processing
sectors as well as national objectives.
Product Development includes extraction and
processing of essential oils; identification of
the active ingredients in medicinal and other
local plants and development of value-added
products utilizing local material.
SRC subsidiary, Marketech Limited performs
the marketing, communication and sales
functions and is to undergo expansion to
enhance the performance of the subsidiary
and the agency.
Key Products:
Green Plantain Chips, Breadfruit flour, Sweet
Potato Pudding Mix, Desiccated coconut- a
sweetened, dried, shredded coconut meat
that can be eaten or used to create other
culinary delights, Green banana chips, Lemon
Grass Drink, Sour Sop Juice Blend, Hot Pepper
Sauce, Vegetable and fruit juice blend, Jerk
Seasoning.
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Agriculture
Agriculture
Agriculture
Marine Shrimp Farming
Sheep Farm Development Project
Marine shrimp farming, relatively new in Jamaica, was introduced in the
mid- 1990s. The local market for shrimp is expanding as a result of the
growing tourism industry. A survey in 2003 revealed that the tourism
sector accounted for 84% of all shrimp utilized in the island. There is,
however, not nearly enough shrimp facilities and technology to fully meet
this demand.
The purpose of this project is thus to develop and operate a six hundred
and three (603) acre farm over a three year period utilizing intensive and
semi-intensive production systems. The components of the project include
the operation of a hatchery, grow out ponds, and a processing facility.
The demand for mutton and lamb locally is
significantly greater than supply. In 2006,
for example, 8,000 kg valued at J$1.6 Million
was produced locally compared to imports of
4,625,864 kg valued at J$734 Million. Products are imported from as far away as Australia and New Zealand. Imports of mutton/
lamb between 2002 and 2006 stood at 18,133
tonnes valued at J$2.5 Billion.
It is with this in mind that the Ministry of
Agriculture, through the Agricultural Support
Services Project (ASSP), has implemented a
project to address this unsatisfied demand for
mutton, particularly for the high cuts required
in the hospitality industry.
The estimated cost of the project is US$12 Million and financing is needed
for the commencement of the project.
Diversity Jamaica
Diversity Jamaica Ltd. is a 396-acre property located high in the mountains of Portland. The objective of this project is to establish a Blue
Mountain Coffee production farm for the national and international
markets. Diversity Jamaica Ltd. is a company comprised of successful
businessmen, local farmers, and coffee industry board consultants who
are developing land designated in the Blue Mountain region into a highly
productive coffee farm.
Jamaica’s Blue Mountain Coffee is a rare, highly desired coffee with
popularity dating back to the 1700’s. To be designated by the Jamaican
Coffee Industry Board (CIB) as trademark protected Jamaica Blue Mountain coffee the area in which the coffee is grown must be established in
the designated Blue Mountain regions of the island found in the parishes
of St. Andrew, St. Thomas and Portland, and must be above 3,000 feet.
The Company seeks US$1.2 Million to fund start – up and operational
expenses for the next 2 years; this could be under Joint Venture Partnership or Equity Financing.
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The objective of the project is to produce
2,312,932 kg of mutton and lamb by 2013,
thereby replacing fifty per cent of the 2006
imports of mutton and lamb. Flock will have
to be rapidly increased from 5,000 mature
ewes that existed in 2007 to 60,000 mature
ewes by 2013.The project will focus on the
areas of infrastructure and equipment, feeds,
research, legislative and support services development.
Status:
The estimated total cost of the project is
US$7.7 Million and the level of financial support requirements is to be decided.
Amity Hall Producers’ Ebony Park Farmers
Association
Association
The objective is to develop a profitable agricultural enterprise
for farmers through the production of selected crops for contractual markets. It will involve the production of cash crops,
including sweet potatoes, hot peppers, scallion, cassava and
cucurbits.
It will utilize about 70 hectares of land on Amity Hall property, subdivided into 2 hectares lots. Each lot is sub-leased to
agricultural investors/farmers for one year periods (renewable
based upon the production performance).
The ASSP has been providing the project with shared capital
investments for farm equipment, off farm irrigation system,
farm building, plant nursery, drainage and electricity as well as
support services. The project is currently being implemented.
Production of pepper and escallion to satisfy local as well as export demand for hot pepper mash; a intermediary pre-processed raw material to
the producers of pepper based products and to supply high quality fresh
peppers for the export market, both on a consistent basis.
Key Products: Jamaican Scotch Bonnet and red Peppers
Production of sweet potatoes, hot peppers, scallion, cassava and cucurbits
on 175 acres of land divided into 35 lots of 5 acres each. Each 5 acre lot
is sublet to agricultural investors for one year periods. The agreement is
renewable based upon the performance of the lessee in terms of production
targets, marketing arrangements, credit rating and other social, technical
and environmental indicators. The ASSP will provide the project/group with
shared capital investments namely farm equipment, farm building, plant
nursery, roadways, drainage, electricity as well as support services. The project is already in implementation phase.
Key Products: Condiments, tubers and vegetables.
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Creative Industries
The term Creative Economy represents the broader
concept of the Creative Industries, which are
described as those sectors that have their origin
in individual creativity, skill and talent and that
have a potential for wealth and job creation
through the generation and exploitation of
intellectual property.
Thus defined, the creative industries encompass
the core areas:• Recording industry
• Music & theatre production
• Motion picture industry
• Music publishing
• Book, journal, newspaper publishing
• Computer & software industry
• Photography
• Commercial art
• Radio, television, cable broadcasting
industries
• Sports
• Fashion and Design
Jamaica: The Cultural Mecca
of the Caribbean
Jamaica’s reputation as the Cultural Mecca of the
Caribbean has positioned our creative industries
as a key revenue generator for the local economy.
The film and music industries are just two of many
examples of vibrant creative sectors possessing
strong linkage potential to other areas of the
economy like tourism. Reggae music and the
arts have placed Jamaica on a world stage and
continue to boost other sectors. The cultural
industries are a potent foreign exchange earner,
and a source of economic development, especially
with the advances in technology and new media
which have the potential to further transform
the industry. In recent times, Jamaica has been
hosting the flagship Caribbean fashion events,
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Caribbean Fashion Week and Style Week, and
Jamaican inspired designs are now a component
of film, music videos and publishing.
Opportunities galore
Jamaica’s creative assets can be used to generate
economic growth, job creation and export
earnings while at the same time promoting
social inclusion, cultural diversity and human
development. Growth possibilities in the creative
industries are real, as Jamaica’s reputation in
fashion, art and food is gaining international
credence.
As the industry evolves, there is scope for
increased investment in development inputs
primarily in the areas of:
• Studio construction, sound stages, and post production in the film and music sectors
• Performing arts venue construction
• Introduction and upgrading of production and distribution technology for creative products
• Skills training and support business services across creative sectors
• Product Distribution
• Business Services
Other opportunities emanate from the synergies
that exist with the tourism industry and the
growing demand for cultural products such
as food, craft and entertainment. The major
resort towns of Montego Bay and Ocho Rios,
for example, have high numbers of stop-over
cruise and domestic visitors, increasing the
demand for the development of sustainable live
entertainment and cultural products.
There is also much earning potential in
sport events promotion since Brand Jamaica is
synonymous with athletic excellence. Jamaica
produces top calibre athletes, including the
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Creative Industries
world’s fastest men – Asafa Powell and Usain
Bolt, who are featured prominently on the
international scene. Moreover, Jamaica has
successively hosted sports events in the past
including the World Junior Games in 2002,
World Netball Championships in 2003, Johnny
Walker Golf Classics and ICC Cricket World Cup
2007 games in 2007.
Major feature films
shot in Jamaica
Available Incentives
An abundance of creative talent and
entrepreneurial dynamism exists in all
segments of the creative industries, with
a demonstrated capacity for expansion of
wealth, foreign exchange earnings and
employment.
To facilitate the development of the industry,
the government has extended incentives to
investors, including:
• Waiver of duty on temporary importation for the Creative Industries
• Duty free importation of musicians’ tools of trade
• Tax-free profits from overseas film and video releases for nine years
• Duty-free and tax free concessions on
equipment, machinery and materials for
the building of film studios and support
facilities
• An investment allowance of 70% of sums spent on investment in infrastructure, with a carry forward of the unused portion
• No withholding tax on dividends paid to resident shareholders with investments
in film companies. Non-resident shareholders earn dividends taxed
according to the provisions of the Double
Taxation Treaty with their respective countries: for example, the USA and UK are treaty members (thus eliminating the payment of taxes in Jamaica).
• Discount on Government-owned locations
• Benefits under existing Co-Production Treaties-Production Treaties.
Ideal Jamaican locations, including the Rose Hall
great house and plantation, have provided the perfect
backdrop for many movies. In 1993 Jean Rhys’s novel
‘Wide Sargasso Sea’, (which was a prequel to Charlotte
Bronte 1842 novel ‘Jane Eyre’) was shot on location in
Jamaica.
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Hot Film Locations
Jamaica - with its cascading waterfalls, green
rolling mountains, caves, dramatic roadways,
lagoons, rural, colonial style and modern
architecture, incredible beaches, diverse flora
and fauna…and of course its year-round
sunshine - has, for over 50 years, been a premier
choice for film production.
The island’s rich culture and engaging historical
relics at exotic locations like Port Royal, provide
a perfect backdrop for productions of all genres.
The home of reggae music has served as a music
video destination for stars as diverse as Willie
Nelson, Wyclef Jean, and Alicia Keys, and has
been the choice shooting location for Hollywood
movies such as Dr. No, Golden Eye, How Stella
Got Her Groove Back and License to Wed.
Projects such as these have not only increased
the island’s visibility as an investor friendly,
competitive and attractive filming destination
but have also aided in the dramatic growth of
the industry.
Jamaicans are famous for their vibrant spirit,
excellence, and creativity. The resident talent
will add magic to your production! A corps of
skilled English-speaking professionals, trained
and accredited in the latest film techniques
is available to work on location and postproduction. Film-makers can also benefit from
generous tax and duty-free concessions on
profits and production equipment, as well as
competitive production costs.
Through Jamaica Trade and Invest (JTI/
JAMPRO) and other agencies, film makers are
privy to comprehensive administrative and
support services. The Jamaica Film Commission,
established in 1984 and housed at JTI, has
serviced over 3,000 film projects, ranging from
full-length feature films to the rapidly growing
documentary and music video genres. These
services include location scouting, acquisition
of filming licenses, and provision of incentives
to production companies. Eligible investors
can benefit from incentives under the UK CoProduction Treaty as well as the Motion Picture
Encouragement Act, under which a recognized
film producer is entitled to relief from income
tax for a period not exceeding nine years after
the first release of the motion picture. Investors
also benefit from an investment allowance of
70 per cent of the total expenditure on the
production facilities, and this may be carried
forward. They are also exempted from import
duty on equipment, machinery and materials for
the building of studios or their use in motion
picture productions.
The abounding talent which drives Jamaica’s
creative industries is underscored by shrewd
business acumen, skill and ingenuity. The country
is ripe with potential, and the Jamaican brand
is already rich with associations of excellence in
athletics, music, the arts and cuisine.
Jamaica strikes the pose…Come, take your best
shot!
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Investment Opportunities
Film Production Equipment
Rental Company
Film Studio Development
The Jamaican film industry is currently experiencing
unprecedented growth as a number of significant feature films,
documentaries, music videos and still photo shoots have been
made and produced on the island by local and overseas studios
and media houses. An Equipment Rental Clearing House will
facilitate the acquisition of a wide array of equipment used by
visiting film crews.
This equipment rental clearing house is a worthwhile
investment opportunity as it will, for the first time, centralize
the equipment acquisition process, making business a breeze
when filming in Jamaica.
Creative Industries:
FILM
great film
locations, and a corp of
trained professionals
Jamaica offers
to work on location & post production.
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The Government of Jamaica is actively seeking to establish
a highly developed creative economy, repositioning Jamaica
in targeted international markets as a preferred investment
location and trading partner in the creative industries.
For many decades, the international film industry has found
a warm welcome in Jamaica. Each year over 200 videos,
feature films and still photo shoots take place here. Against
the background of these developments, there is an exclusive
opportunity for the development of more studio space and
facilities for local and international independent film companies
and entrepreneurs to rent and utilize these facilities for small
and medium sized productions.
Research has shown that revenue produced by the industry
would double and employment would experience significant
growth if such facilities were in place.
Music
Mick Jagger and Paul Simon. Others have re-recorded on
popular old Jamaican reggae beats - UB40covered Kingston
Town, and Eric Clapton, I shot the Sheriff – both topping
the international charts. Other musicians have included
Snow, Blondie, Simply Red and the group No Doubt.
Many international singers have also been known to
collaborate with Jamaican musicians-Janet Jackson teamed
up with Beenie Man, and Beyonce with Sean Paul. Others
have completely embraced our music - Gentleman out of
Germany and Collie Buds from Barbados, both recording
and shooting their music videos in Jamaica.
Reggae music is the pulse of Jamaica, its heartbeat, its
essence. The sound of a people, a dynamic expression
of the vibrant Jamaican spirit, Reggae music speaks
of Jamaica’s history, its present and its vision for the
future. It is as dynamic as dancing fire and as powerful
as a revolution with the potential to transform, compel
and soothe the soul. It is the vibration of a people
whose creativity and ingenuity has given the world
some of its greatest and most renowned artistes,
producers and sound engineers.
Jamaica, the reggae capital of the world has
established itself as the entertainment Mecca of the
Caribbean and is home to a multi-billion dollar industry.
No other small, developing country or Caribbean Island
has been as popular or influential as Jamaica has been
in the global entertainment industry.
Bob Marley, voted the most prolific reggae superstar
of all time, established Jamaica as a nation abounding
in creative talent and dynamic entrepreneurship but
lesser known is the business savvy which has given rise
to a global phenomenon.
Beginning in the 60s, Jamaican Chris Blackwell,
started Island Records. Headquartered in Kingston,
it became the largest independent record company
in the world, a remarkable feat for a small island
man promoting a new sound. A decade later, Richard
Branson birthed Virgin Records by capitalizing on the
powerhouse which is reggae music.
Today, the island has the largest number of recording
studios per square mile worldwide. Many are outfitted
with state of the art equipment, operated by highly
skilled and reputable producers and trained technicians.
Studios include Arrows Recording, Studio 1, Penthouse
Recordings, the Marleys’ own Tuff Gong Studios and
the recently constructed Gee Jam studios. The result...
Jamaica has dozens of new releases each day, the most
per capita in the world.
Because of the music’s global appeal, international
artistes and producers have had their eyes and ears
tuned to the Jamaican music scene which often becomes
a source of inspiration and provides an opportunity to
raise their international profile. Many have come to
Jamaica to catch the vibe and record here including
Brand Jamaica is also big business for film!
Blockbuster movie soundtracks such as Bad Boys, Rush Hour
2, I am Legend, The Best Man and the Little Mermaid have
all capitalized on Jamaica’s sound. Jamaica’s picturesque
landscapes and urban chic have also provided an enviable
and highly sought after backdrop for the filming of music
videos for numerous artistes including, Alicia Keys, Gwen
Stefani, Willie Nelson, Sean Paul and Knarles Barkley.
Live performances in Jamaica are
life changing events.
Talented and very colourful artistes have consistently
entertained massive audiences from Asia, Europe
and North America with their potent lyrics
and intoxicating beats at events
such as Sumfest, EastFest, Rebel
Salute, SunSplash, Sting, the Air
Jamaica Jazz & Blues Festival and
the Calabash Literary Arts Festival.
Production teams behind these
events are world renown for their
creativity, ingenuity and ability to
showcase raw talent. The contemporary music
industry in Jamaica is backed by decades of
the production of top international artistes,
world class production houses and studios and the staging
of the most euphoric live performances on earth. Only
the best, and most forward thinking, fearless artistes,
producers, engineers, managers, promoters, fashion
houses, record labels and production houses
have dared to capitalize on the multi-billion
dollar brand that is Jamaica. We dare you.
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Creative Industries: Music
GEEJAM STUDIOS
Geejam Studios is the perfect example of
versatility in the recording industry - not only is it
one of the best recording studios in the Caribbean,
it is also a tourist attraction offering a unique
vacation experience....
Geejam is ‘uber luxury’ insider escape. Located
in San san, close to Port Antonio, in the parish
of Portland on the pristine shores of northeast Jamaica. While blending all the creature
comforts of home, it is very much a portal into
Jamaican culture. Nestled in the heart of the
bush, this Island Outpost property now boasts
newly appointed seven double rooms, three deluxe
cabins, one suite and a self-contained three
bedroom villa. Also included are a state-of-the-art
recording studio, healing spa, swimming pool, gym
and bushbar. Recently nominated by the Jamaican
press as one of the “top ten most fascinating
places to hang out,” it was also featured in Vanity
Fair magazine as the “playground of the Stars”.
The property is located on six acres on the
lush San San estate, it incorporates spectacular
mountain vistas and the Caribbean coastline.
The property neighbours the beautiful
Frenchman’s Cove beach and the enchanting Blue
Lagoon. It also neighbours the little known village
of Drapers, which Gwen Stefani of the group No
Doubt gave a ‘big up’ at the 2003 Grammy Awards,
as a result of the group recording at Geeejam in
2003. The Geejam ethos stems from synergizing
local Jamaican flair with service, cuisine and
accommodation. Whether it’s a vacation, recording
session, photo shoot, wedding, honeymoon or just
a fleeting getaway, Geejam proves that in Jamaica
all things are possible.
Photos courtesy of Geejam Studios.
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Ranny Williams Entertainment
Investment Opportunities
Arrows Recordings
Arrows Recording Company Limited was founded by veteran Jamaican
sound system operator Phillip Linton, Sr. in 1990 in Kingston, Jamaica.
Since then the company has emerged as one of Jamaica’s absolute fullservice audio facilities. They provide the finest quality in Pro Tools, 24 track
analogue recording studios, digital video recording & editing suite and
record distribution as well as specially trained engineers in-house to utilize
state-of-the-art audio technology. The studios are conveniently located
just fifteen minutes from the Norman Manley International airport and ten
minutes from bustling New Kingston hotels, restaurants and entertainment
venues.
The roster of recording artistes represented by Arrows includes I-Octane,
Invada, Dasia, as well as Washington DC based Reggae band The Pocket.
Arrows aims to provide the highest quality engineers using the finest
equipment in producing the best recording, mixing, editing and mastering
available in the music industry. As this production company prepares to face
the challenges brought on by technological changes, their activities will be
multimedia focused with a particular emphasis on the mobile entertainment
distribution businesses. They are thus seeking financing to significantly
expand their business services and, in particular, their studio facilities.
Reggae Academy
The first REGGAE ACADEMY AWARDS was
successfully staged on February 24th 2008
in Kingston. The Awards ceremony was a
three hour stage presentation featuring
performances by top International and local
Reggae and Dancehall artistes, dancers and comedians. The Recording
Industry Association of Jamaica has worked with a team of professionals
to produce the Awards show and has secured a media partner/sponsor
agreements with Television Jamaica/TVJ for broadcast in Jamaica and with
One Caribbean Media Group based in Trinidad for production and regional
broadcast distribution of the TV programme.
Given the current global fascination with reggae and dancehall music,
The Awards provides a forum for linkages and collaborations across a myriad
of sectors and industries as well as direct exposure to the genres’ primary
markets: the Caribbean, USA, Canada, England, France, Germany, Japan and
Brazil.
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Along one of Kingston’s major thoroughfares, Hope Road, in close
proximity to Kingston’s bustling commercial hub, and a number of
residential communities, hotels, the Office of the Prime Minister,
and prime shopping areas, the Ranny Williams Entertainment
centre provides a context for the celebration and promotion of the
colourful, engaging and often flamboyant culture of Jamaica.
Despite a recent explosion of locals’ involvement in the creative
and performing arts, there is a significant challenge in finding
adequate venues for the staging of musical performances, theatre
productions and festivals. There is therefore a pressing need for
a modern entertainment centre in Kingston which would provide
a space for high quality entertainment on a continuous basis for
Jamaicans and visitors alike. Since the 1980s, the Ranny Williams
Entertainment Centre has been a landmark venue for national and
international concerts, festivals, and other major events staged in
the capital city. Its location and history make it an exciting opportunity to invest in performing arts infrastructure as well Jamaica’s
rich social capital.
Trench Town Culture Yard
Museum
The Trench Town Culture Yard Museum is located at the Government
Yard in which Vincient “Tarta” Ford wrote the famous song “No
Woman No Cry” which was based on the experiences of living in the
yard. Tarta is famous for being the mentor to Bob Marley as it was
Tarta who taught Bob to play the guitar. The Trench Town Culture
Yard has also historically been a community yard where residents
gather to eat, sing, gamble and generally hang out.
Whether it is architecture/planning, music, religion, sports, or
politics, Trench Town’s impact on Jamaican Culture can only be
described as phenomenal. The aim of the Trench Town Culture Yard
Museum will be, through simple and modern technologies, to present this important piece of Jamaican history as well as offer tours
of the wider community. Its location and tremendous historic value
make the museum an exciting opportunity to invest in world history
and Jamaica’s rich social capital.
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Saint
International: Style Week Jamaica
Entertainment
Creative Industries: Fashion
Jamaicans are a vibrant people with a strong,
creative spirit that resounds throughout the
world with its own heartbeat and attracts
the eye of the world with a charisma beyond
comparison. It was inevitable that our fashion
would capture this.
Jamaicans are an “Out of Many One People”,
and likewise, Jamaican fashion creatively
utilizes a kaleidoscope of tones, and a
plethora of patterns and shapes unique to the
Caribbean and representative of our historical
and cultural experiences. Complemented by
the beauty of the people and its connection
to other industries such as world renown
reggae and dancehall music, the Jamaican
fashion industry is one of the fastest growing
of the creative industries.
The opportunities are limitless. Relationships
can be established with designers seeking
loan financing, financial, technical as well as
supply-side and distributor partnerships.
celebrities for over 15 years.
• Carlton Brown:
Specializes in formal men’s wear
• Les Campbell:
Specializes in formal and casual
men’s wear.
As we “show off” our style to the world, the
Creative Industries Unit of Jamaica Trade and
Invest is standing by ready to facilitate local
• Biggy’s Fashion:
and international companies and individuals
local designer who specializes in dancehall who choose Jamaica as a destination to
influenced designs.The lead designer Earl conduct business in the creative industries.
Turner has been designing for international Designers seeking investments include:
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Pulse Investments: Caribbean Fashion Week
Produced by Pulse, Caribbean Fashion Week (CFW) has become a firm
fixture on the international fashion calendar. It has been hailed for the
creative ingenuity of its designers, the brilliance of its world regarded
supermodels as well as its high production standard. CFW’s amazing success
is reflected in its recognition by British Vogue as an important trend in
the fashion world. Now being aired on Fashion TV, CFW is seen in close to
400 million households worldwide. The parties, entertainment and social
networking opportunities abound and provide lively backdrop for both the
established and emerging Caribbean designers and models.
As part of its Twenty-Fifth Anniversary celebrations in 2005, Pulse
opened the $40M Caribbean Fashion Centre extension to its Trafalgar Road
Complex in New Kingston. During CFW, it also launched the Caribbean
Fashion Collective project, aimed at manufacturing and marketing the
work of Caribbean designers throughout the region as well as in external
markets.
Pulse is in an advanced stage of its development as a regional entity,
as it continues to spearhead the marketing and sale of Caribbean fashion
and entertainment product to the world. Pulse continues to streamline its
operations focusing more and more on its core fashion and beauty business
as well as expanding its operations throughout the Caribbean region.
Saint International’s Style Week Jamaica (SWJ) and the internationally
acclaimed Fashion Block has become a major event on the local
entertainment and fashion calendar.
A stunning majority (at least 90%) of Jamaican designers (established
and new) use this platform to shine in the global fashion spotlight as
Jamaica becomes the Centre of Global Glamour. Four days of shows, afterparties, developmental seminars, international editorial photo-shoots,
underscores this remarkable effort to have Jamaica strongly positioned as a
serious fashion/lifestyle market.
The developmental seminars and roundtable discussions also reinforce
the commitment of the organizers to the development of the industry.
Since its debut in 2005, FASHIONBLOCK (the finale to SWJ) has
eclipsed all other fashion events in the region. Blocking a major business
thoroughfare and staging a 150ft. catwalk spectacle remains to be topped
anywhere in the world. International fashion media consider it one of
the top 3 best fashion shows in the world-with favourable comparisons to
Victoria Secrets mega Christmas Show.
Annually, STYLE WEEK JAMAICA falls on the Memorial Day Weekend
in the US and Banking Holidays in Europe. This timing position gives the
event, and its strong inclusive and exciting schedule of events, credible
potential as a strong tourism branding product.
This event provides a platform for investment and sponsorship
opportunities including merchandising, distribution and marketing. It
offers the opportunity to establish linkages with the fashion industry in
Jamaica, as well as with other related cultural industries such as film and
music.
Pulse’s television programming Caribbean Fashion Television, Ready
for CFW, Caribbean Fashion Weekly, Caribbean Model Search and The
Search for the Caribbean’s Next Supermodel reality show, are now being
broadcast throughout the Caribbean and in selected North American
markets.
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Trelawny Multi-Sports Complex
Major Events
Destination
The black, green and gold of the Jamaican
flag have become synonymous with a people
renowned for the vibrancy of their culture,
generosity of spirit and a bold daring
temperament. It is a mix that has driven
the development of an enviable tourism
product, fuelled the growth of an
explosive music industry and set the tone
for the development of Jamaica as a premier
event destination.
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Firmly established as the sprint capital
of the world, the cultural Mecca of the
Caribbean and the fashion muse of the next
generation, the influence of the Jamaican
Brand has assumed primacy in recent
times with global giants like Puma,
Red Stripe, Nike, Addidas and L.A.M.B.,
capitalizing on the popularity and pull
of all things Jamaican. With a track
record of excellence dating as far back as the
1948 Helsinki Olympic Games, Jamaican’s like
Herb McKenley, Rhoden, Wint, Laing, Quarrie,
Ottey, Cuthbert , Jackson-Small, and more
recently, Usain Bolt, Asafa Powell, Veronica
Campbell, Kerron Stewart, Shelly-Ann Fraser
and Sherone Simpson, have demonstrated the
bold energy and athletic prowess commonly
associated with the Jamaican brand. Their
achievements, as well as a range of facilities,
a large cadre of well trained and highly skilled
coaches, trainers, health practitioners have
positioned the island as a preeminent world
venue for major track and field events and
state of the art training programs.
The Jamaica Sports Development Foundation
has funded the upgrading and expansion
of almost 200 facilities across the island.
Refurbished amenities include four national
facilities, six regional centres – located in
areas of dense population, 24 parish facilities
and 128 multi purpose courts across the island.
In recent years, Jamaica has played host to
major sporting events such as the IAAF World
Junior Track and Field Championships, the
World Netball Championships, Johnny Walker
Golf Classics, as well as the historic Cricket
World Cup in 2007.
The island also caters to a number of
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fashion exposés, music, culinary, and literary
festivals. These include: the annual Reggae
Sumfest, Caribbean Fashion Week, Style Week,
Kingston Restaurant week, and Calabash
literary festival, Jamaica Carnival, Flashpoint
Film Festival, Appleton Treasure Island and
many others. Despite the popularity of all
things Jamaican, the global pull of the Brand
continues to explode driven by an insatiable
demand for events with the Jamaican “wow
factor”. The daring, the adventurous, the
insightful and the prudent have sampled, will
you?
Major Events Destination
Major Event Destinations
TRELAWNY MULTI-PURPOSE SPORTS COMPLEX
Standing tall on the northern coast of the island just 40 km east
of Montego Bay, the recently constructed Trelawny Multi-purpose
Stadium has a seating capacity of 25,000. With nearby hotels and
guest houses just minutes away from the Sangster International
Airport, it is the perfect venue for off-season training camps for
sports team out of North America and Europe, as well as for live
international cricket, soccer, American football and rugby matches.
THE NATIONAL STADIUM
Built in 1962 as a major Kingston landmark, the National Stadium
and the National Arena and Indoor Sports complex play host to many
sporting and expo events.
The National Stadium has a seating capacity of 40,000 with a
nearby Olympic size pool, netball and basketball courts.
SABINA PARK
Sabina Park is the home of the Kingston Cricket Club and is the
only Test Cricket ground in Kingston, Jamaica. It became a Test
cricket ground in 1930 when it hosted the visiting MCC team for the
second Test in the West Indies’ first home series.
This picturesque ground is perhaps one of the most significant
in Test cricket history recording the first triple century in the game
with England’s Andy Sandham’s 325 versus the West Indies in the
1930 game. The 365 not out by Sir Garfield Sobers which stood as a
Test record for over 36 years is more regaled, as was Lawrence Rowe’s
world record on debut 214 and 100 not out against the visiting New
Zealanders in 1972.
The George Headley stand which dominates the south end is
currently the only stand in the ground named after anyone and has
a capacity of just over 6,000. The Eastern Stands has given way to
a “Party Stand” replacing the popular “Mound” stand. The members’
pavilion, a charming old wooden building lies square of the wicket
on the west side.
The imposing Northern Stand, built as part of the ground’s
redevelopment for the 2007 Cricket World Cup has increased Sabina’s
capacity to 20,000 with the capability to fit a 400 metre running
track comfortably on its perimeter.
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THE JAMAICA CONFERENCE CENTRE,
HOME OF THE INTERNATIONAL SEABED AUTHORITY
Located on the picturesque Kingston Waterfront, the Jamaica Conference
Centre was built in 1982 as the venue for the preparatory meetings of the
International Seabed Authority, an arm of the United Nations. The Centre
was built to United Nations specifications and its facilities and services rival
the best. The Centre comprises five Conference Rooms, three Caucus Rooms,
Delegates Lounges, two Cafeterias, a Private Dining and Reception Area,
Document Room, and a Printing Area.
Conference Room 1, the main conference room is equipped with an
electronic voting system. An observers’ gallery and public and press
galleries are located on the first floor. The speaker’s rostrum is elevated
and a portable circular stage can be installed for artistic performances.
Office facilities, with rooms for press interviews, are located on the
ground floor immediately behind the Conference Room. A documents’
distribution booth is also located within the Conference Room.
Conference Room 2 is similar to Conference Room 1, with press gallery,
offices for secretariat as well as documents’ distribution counter. Both
Conference Rooms 1 and 2 open on to the 4400 sq. ft. Harbour Lounge
with a magnificent view of Kingston Harbour.
Conference Room 3 is a fine reflection of the use of local material in a
decorative and functional manner. The bamboo which comprises the ceiling
add a warm artistic atmosphere while enhancing the acoustics of the room.
Throughout the Centre architectural details made use of indigenous art and
craft such as the bamboo ceiling in Conference Room 3.
Championship GOLF COURSES
With more championship courses to swing away at than in any other
Caribbean destination, golfers will find layouts challenging enough to make
even Tiger Woods determined. Jamaica is at the top of the leader board
among Caribbean islands for courses that not only provide a true test of the
game, but are picturesque as well. The elite in the golf world (PGA, LPGA and
PGA Senior tours) have made regular stops. Noted golf-course designers like
Robert Trent Jones Sr. have created premier layouts that fit any game, from
scratch to high handicapper.
Hotels with Golf Course or Access
Ritz Carlton All Inclusive Resort
Half Moon Resort
Rosehall Country Club and Resort
Grand Lido Braco Resort
Grand Sport Villa Inclusive
The Tryall Club
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Jamaica is renowned for producing
the finest rums in the world.
Manufacturing
Jamaica has sought to modernize its
traditional agricultural industries, which
include sugar, banana and coffee, while
intensifying the exploration of nontraditional value added products. As such,
during 2007, the Jamaican agricultural
sector improved in efficiency and
diversified its agricultural base through
the use of modern technology.
The implementation of the Agricultural
Development Strategy in 2006 was aimed
at improving the productivity of key
areas in the sector including Protected
Cultivation (greenhouse and hydroponics),
Apiculture (Beekeeping), and Organic
Farming. While Jamaica’s Blue Mountain
coffee continues to sell at a premium
on the world market, other traditional
exports are undergoing significant
diversification. The sugar industry for
instance is being restructured through
the application of modern technology
and diversification of output.
The non-traditional export sector
also expanded through the use of
biotechnology, investment in irrigation
projects, and incentives to interested
investors in a number of growth areas.
This has resulted in the growth of the
aquaculture subsector and the increased
cultivation of fruit trees, indigenous
plants, and herbal products, many of which
have the potential to provide extracts for
the nutraceutical and functional foods
industries.
Opportunities in the Sector
There are viable agricultural investment
opportunities in the areas of:
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•Bio-technology (ultimately leading to
an expansion of the non-traditional export sector, including organic farming)
• Irrigation projects along Jamaica’s South Coast
• Aquaculture - large-scale production of
marine and fresh water shrimp and fresh water fish
• Nutraceutical production through increased cultivation of fruit trees,indigenous plants,
extracts and herbal products
• Peppers and other spices such as pimento
• Winter vegetables and other vegetables
and fruits
• Aloe vera
• Ornamental horticulture and the farming of indigenous flora linked to the food processing and tourism industries
• Livestock rearing to meet hotel, restaurant and general local industry demands
The government of Jamaica has extended
numerous incentives to investors in the
sector including:
• Income tax relief
• Duty concessions on production-related
imports
• Industry modernization incentives
Investors in the agricultural sector have
benefited from duty concessions on imports
related to production and modernization of
industry incentives for equipment, which has
contributed to the technological advancement
of the industry.
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Manufacturing
Manufacturing
Tijule Company Limited
Tijule Company Limited is located in the parish of Clarendon, Jamaica; the property occupies 2 acres of land and
utilizes approximately 50,000 sq ft. of building space.
The company has been in operation for the last 24 years,
and has developed an enviable record of innovativeness,
quality, ongoing research and development growth and
constant improvement in all aspects of its operations.
The company has a product line of canning, freezing and
bottling Jamaican produce for the export market.
The company utilizes many rich varieties of tasty Jamaican fruits and vegetables such as breadfruit, ackee,
calaloo, cassava, guava, pineapple, banana, jackfruit,
citrus, passion fruit mangoes etc.
Status: The company is for sale by owner.
Adducci Jamaican Tobacco
Adducci Jamaican Tobacco Ltd. will revive
the Jamaican tobacco industry through
agriculture, manufacturing, export and
distribution. Adducci specializes in Jamaican
tobacco farming, cigar manufacturing,
export and distribution of exclusive and rare
premium Jamaican cigars.
Adducci has positioned itself to compete
as the world’s premier Jamaican Tobacco
Company. Adducci’s operations are located
in Jamaica where tobacco is grown in
Westmoreland and Clarendon and cigars are
manufactured in St. Andrew.
CJ Traders
The company’s growth plans include the
following:• To partner with the Jamaican government
• Lease 1,000 acres of pristine land for premium Jamaican tobacco farming
• Employ up to 1,500 new workers
• Build a state- of-the-art manufacturing facility
• Export from Jamaica to 240 markets worldwide
cigars. It offers Adducci 21 year – old
Appleton rum Cigars and Adducci Johnny
Walker Blue Label cigars which are produced
in different shapes and sizes such Panatela,
Corona, Robusto, Torpedo and Churchill.
The company currently manufactures a
“Made With” series which includes premium
Jamaican Tobacco made with premium
Jamaican Beers and Liquors. The owners are
seeking investment in the project or a joint
venture.
Competitive Advantage
The company provides a broad variety of
The estimated cost of investment is US$49
Million.
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Implicit Craft
To manufacture Kola Nut (Bizzy) as tea, teabags and instant
packaging as well as spices and beverages made from local fruits and
vegetables.
To manufacture and distribute specialized craft items including Relay
Conquest board games, Paper based puzzles and Combination Wall
Screen.
ET Enterprises Limited
Roxy Industries Limited
Home Sweet Home Furniture
Wax Foundation Manufacturing
Roxy Industries Limited is an agro-processing, packing and
distributing company that manufactures natural juices, organic fruit
wines and herbal roots energy drinks.
The Company produces honey and its by-products and is looking to
enter the international market.
To expand the current business operations which include the
manufacturing of furniture for homes, offices and hotels.
To produce wax and wax foundation which is critical to the
production of honey. The shortage of these products is impacting
local production, necessitating import substitution.
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Mining & Energy
Port Esquivel Refinery, St. Catherine
The bauxite and mining sector is a well
established area of the economy. Investment
opportunities abound in mining and quarrying,
with bauxite being one of the most popular
minerals mined. But there are other profitable
minerals in Jamaica including limestone,
marble, gravel, sand, gypsum, marl, dolomite,
clay, whiting, silica, sand and lime.
During 2007, real GDP for the mining
sector declined by approximately 3.3%. This
however is the first decline in the sector since
2000, and was primarily due to a downturn
in alumina production and as a result of
natural disasters. Nevertheless, increasing
global demand for aluminum continues to
stimulate growth in bauxite and alumina
industries locally, as well as indirectly in
lime and limestone producing industries.
There was also a positive performance in the
industrial minerals sub-sector during 2007,
with production increases recorded for silica
sand, sand and gravel, and clay. Limestone
and silica sand production increased by 5.3%
and 51%, respectively.
There was continued heightened investmentrelated interest in the non-bauxite subsector with a US$4 Million investment in
manufactured sand by Coast-to-Coast Ltd.
Additionally, expansions were recorded for
initiatives in the area of quarrying limestone
aggregate and the mining of whiting for
export. With the heightened interest in the
mining sector, the Rinker Group, one of the
world’s top 10 international construction
materials companies, has shown an interest
in establishing new port infrastructure on
Jamaica’s south coast for the large scale
quarrying of limestone aggregate for export
purposes.
The minerals sub-sector in particular, holds
good prospects for investment and there are
Jamaica is rich with
energy alternatives
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also export possibilities for filler grade
limestone and lime to coastal states of
the USA. Additionally, the demand for
sand and gravel for export directly to
the Turks and Caicos Islands and Cayman
is expected to increase and present
greater opportunities for investment.
Jamaica: Rich with Energy
Alternatives
Part of the country’s National Energy
Policy’s (1995) mandate is to increase
the use of renewable energy to 10%
of total energy consumption by 2010. A
comprehensive study of Jamaica’s Renewable
Energy potential explored the prospects for
solar, hydro, wind and biomass generation. It
made the point that Jamaica can effectively
reduce its energy costs, especially since
there is an abundance of natural resources.
To this end, the restructuring of the island’s
sugar industry is both a challenge and an
opportunity as one of the largest renewable
energy potentials is to be found in ethanol
production.
Ethanol: New Source of Energy
Jamaica has the potential to become a high
volume, low cost exporter of ethanol to the US
market. The Government is currently seeking
expressions of interest from investors to undertake
the financing, modernisation, operation and
management of the state owned sugar factories
and related sugar cane lands.
It is hoped that with the installation of new high
pressure boilers and improvements in the energy
efficiency of the existing sugar plants, the power
grid would be upgraded to accommodate more than
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220 GWH/yr of excess electricity.
Additionally, up to 10% of gasoline can be
substituted by bio-ethanol or its derivative ETBE
without modifications to vehicle engines. As
an exporter of Ethanol, Jamaica benefits from
favourable access into the US market as ethanol
imported under the Caribbean Trade Partnership
Act (Caribbean Basin Initiative - CEBRA protocol)
is exempt from duty. Additional advantages include
competitive ethanol prices, proximity to target
markets, technical awareness, and Jamaica’s
adherence to environmental protocols. Moreover,
the US market for ethanol has grown significantly
with several states banning MTBE.
Wind Energy & Hydro Power
At present, Wigton Wind Farm has 27 wind turbines
with a capacity of 750 KW each, which represents
3.5% of Jamaica’s power capacity. Similar potential
exists for hydropower development in the form of 6
proposed hydrowpower locations with a cumulative
technical potential of 65.9MW.
Incidentally, a 2004 ECLAC study proposes
research and development of the energy options,
citing linkage opportunities with toursim such as
the development of eco-tourism attractions as well
as reduction in energy costs.
Mining & Energy
Jamaica LNG Project
Jamaica began exploring the possibility of
introducing natural gas as an alternative
fuel in 2001. The country will be able to
derive substantial economic benefits, as
LNG provides an environmentally friendly
energy alternative, which will help to
grow Jamaica’s economy and improve
Jamaica’s competitiveness in global
markets. Implementing the LNG project
and transitioning Jamaica’s primary
energy source to LNG would entail
accomplishing the following milestones:
Securing long-term (20+ years), cost
effective LNG supply.
Chartering the necessary fleet of LNG
vessels to import LNG into Jamaica.
Building a LNG import and regasification
terminal near Port Esquivel, Jamaica.
Constructing pipeline infrastructure
to connect the various gas consumers
throughout Jamaica. Entering into long
term purchase and sales agreements
between the LNG project and the key
energy consumers in Jamaica.
Converting existing inefficient oilfired infrastructure to more efficient
and environmentally friendly gas–fired
technology.
The project will require construction of
LNG receiving terminal and natural gas
pipelines.
Petrojam
The company is seeking to upgrade the technology
of the existing refinery and expand its capacity from
thirty five thousand barrels per day to fifty thousand
barrels per day. Key Products include LPG, gasoline,
jet fuel, heavy fuel oil, vacuum gas oil, marine diesel
oil, petroleum coke and asphalt.
Wigton Wind Farm Limited
Wigton Wind Farm Limited is a whollyowned subsidiary of the Petroleum Corporation of Jamaica (PCJ) and was incorporated on April 12, 2000 with objectives
to own, develop, construct and operate
wind farms and similar renewable energy
systems to harness energy for commercial
production and to generate electricity for
sale to customers.
The objectives of the company are to
implement provisions of the Jamaica Energy Sector Policy regarding renewable
energy resources; to diversify Jamaica’s
energy mix; and to utilize indigenous
(sustainable) energy resources, especially
the abundant supply of wind on the island. Secondary objectives are to provide
technology transfer to Jamaica resulting
in eventual local expertise and experience
with a large-scale wind energy project;
and to facilitate emissions reduction.
The tertiary objectives are to ensure environmentally friendly use of mined land;
to promote tangible and affirmative action from Jamaica as a signatory of the
United Nations Framework Convention on
Climate Change (UNFCC), regarding the
reduction of greenhouse gasses; to educate and facilitate research spin-off for
the University of the West Indies (UWI),
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University of Technology (UTECH) and the
Scientific Research Council: and to create
linkage opportunities with tourism such
as the development of eco-tourism attractions.
The farm has been constructed with
twenty three (23) 900kW wind turbines
supplied by NEG Micon- a Danish /Dutch
wind turbine manufacture now merged
with Vestas Wind Systems A/S. The estimated capacity output from the wind
farm is 20.7 MW however, Wigton Wind
Farm Limited expects to supply the Jamaica Public service company (JPSCo)
with on average 7MW.
Petrojam Ethanol Limited
Solar Water Heater Project
Oil is currently used to generate 95% of Jamaica’s electricity. The
government of Jamaica has a target to increase renewable energy
supplied to the national grid from 5.5% to 10% by 2010. The use of solar
cooling technology and solar power as a renewable energy solution is fast
becoming more prevalent across the globe with the latest farm planned
to be the largest with total power generation to reach 5 gigawatts. The
government of Jamaica is thus currently examining prospects for the
establishment of solar farms as a bid to encourage greater use of solar
energy for household purposes.
The project is currently in its conceptual stages and would require master
planning as well as several contractors with expertise in the production
of solar energy.
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The project seeks to increase the capacity of the
ethanol dehydration facilities from forty (40) million
gallons to one hundred (100) million gallons. The
key product of the facility is fuel grade ethanol.
Incentives
Applicable to All Industries
Foreign Sales Corporation (FSC) Act
Exporters may obtain substantial tax benefits
by establishing an FSC. A Foreign Sales
Corporation (FSC) is essentially a company
incorporated in a foreign country that the
United States qualifies as a host country.
Foreign Sales Corporations are allowed to
earn tax exemption on exports to the USA. As
an incentive for exporting, this Act provides
relief from the Common External Tariff (CET)
and the General Consumption Tax (GCT) on
equipment, machinery and materials coming
into the country. In addition, it provides for
up to five years income tax relief.
International Financial Companies
Act
In an effort to promote offshore banking
facilities, the Jamaican Government has
provided international financial companies
with income tax relief on both profits and
capital gains. Also known as the Income
Tax Relief Act, it provides for partial relief
from income tax for the benefit of corporate
entities considered to be international finance
companies and are approved and recognized
under the Act.
Doing Business
In Jamaica
Shipping Act
Under this Act, once a company is recognized
as an ‘approved Shipping Corporation’ it may
receive tax relief and concessions on import
duties for up to ten (10) years.
Incentives applicable to all industries
Why Jamaica?
Modernization of Industry
Programme
This incentive provides for the waiving of
General Consumption Tax chargeable on the
acquisition of machinery and equipment
directly related to the manufacturing
process.
About Jamaica Trade & Invest
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Urban Renewal Act
This Act is targeted at persons or organizations
that facilitate or carry out urban development.
Relief from income tax, stamp duty, and
transfer tax is given to those persons who
engage in transactions geared towards urban
development, i.e. the metropolitan centres of
Kingston and Montego Bay.
Factory Construction Law
This Law targets companies which construct
factories and lease or sell them to producers.
It grants relief from:
• Import duties for items which are not
available locally, and
• Income tax on factory leasing or sales
Jamaica Export Free Zone Act
Before a manufacturer can take advantage
of the concessions made available by this
Act, their company must be incorporated
or registered under the Companies Act. A
company can operate within the designated
Free Zone area or outside as a single entity
in the customs territory. In order for firms
outside the Free Zone complex to benefit
under the single entity free-zone status, the
company must:
• Be registered according to the provisions
of the Companies Act
• Export at least 85% of its production
The ‘free-zone’ status enables manufacturers
and service providers (in the case of informatics
free zones) to benefit from the exemption from
income tax on profits in perpetuity, as well
as import duties and licensing. Furthermore,
there exists a special provision under this
Act, which permits the repatriation of foreign
exchange by overseas investors to its parent
company without any form of recourse on the
part of the Government.
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Accelerated Depreciation/Special
Capital Allowance
Qualified businesses must be certified by
the Ministry of Industry, Commerce and
Technology.
For data processing/system
development businesses, at least 20% of its
gross income must be derived from exports.
Upon qualification, a certified business
is granted a special allowance of capital
expenditure for:
• 50% of the full cost of any new
machinery in the year of purchase
• A further 50% in the second year
HEART TRUST/NATIONAL TRAINING AGENCY
The HEART Trust/National Training Agency
provides technical support and financing
for a wide variety of employment training
programmes through its island-wide network
of institutions, on-the-job training and
partnerships with community organizations.
The agency has partnered with numerous
start-up investors over the years to promote
the training and certification of workers and is
particularly interested in high skill/high wage
jobs, in which the training provided leads
to NCTVET (National Council for Technical
and Vocational Education and Training)
certification.
The Agency provides financial assistance,
usually in partnership with the firm, to fashion
on-the-job and in-plant training programmes
for firms creating new jobs. Projects developed
have been of various designs, customised to
the employment situation, however funding is
limited in this category and demand is high.
The Agency also provides assistance with
recruitment and screening of applicants as
well as with assessment and certification of
the on-the-job learners.
Incentives
Limited financial support is also offered to
firms who wish to pursue accreditation as a
training organization.
International Technical Assistance
Programme (ITAP)
This covers the various programmes that
are funded by international agencies and
administered by JAMPRO/JTI.
These programmes are made available to
persons wishing to make investments that
are deemed to have potential to contribute to
Jamaica on a developmental level. The main
organization that presently funds these types
of development programmes is the European
Union through the European Development
Fund (EDF).
The Exchange Control Act
The Government of Jamaica has no restrictions
on the movement of foreign currencies
flowing either in or out of Jamaica. This Act
facilitates the free movement of capital to
other countries, whether for investment or
repatriation purposes.
Trade Agreements
Additionally, Jamaica is a party to a number
of bilateral trade agreements with countries
in:Asia : China, Republic of Korea
Latin America : Costa Rica, Dominican
Republic, Mexico
Africa : Nigeria
Europe :Czech Republic, Hungary, Norway,
Russian Federation
It is also a member of a number of international
free trade blocs such as CARICOM and WTO.
Agreements also exist between Jamaica and
a number of South American and Spanish
Caribbean countries through joint CARICOM
agreements.
Sector INCENTIVES
The Government of Jamaica has provided a
number of investment incentives that are
accessible by both local and foreign investors.
The following offers a listing of the more
prominent incentives presently being offered
in each sector, as well as those that may be
applied across a number of sectors. Jamaica
Trade and Invest/JAMPRO is the organization
that facilitates access to these incentives.
Agriculture Incentives
Approved Farmer Status
Approved Farmer status guarantees
the farmer income tax and import duty
concessions for up to ten years, after
which the status may be renewed. Farmers
engaging in the production of the following
qualify for ‘approved farmer’ status and the
ensuing benefits:
• Food crops grown and produced in Jamaica
• Egg production/hatching
• Seed growing
• Timber production
• Tobacco production
• Horticulture
• Aquaculture
• Livestock cultivation: Cattle farmers have to assure the Tax Administration Services Department of their intent to increase their herd by at least ten percent (10%) over a five (5) year period before the relief can be granted
• Apiculture
• Horse Breeding: Horse breeders have to assure the Tax Administration Services Department of their intent to increase
their herd by at least ten percent (10%) 92
over a five (5) year period before the
relief can be granted
REMISSION OF DUTIES
ON AGRICULTURAl VEHICLES
This twenty percent (20%) concession rate is
available to farmers/farming enterprises that
can prove the vehicles being imported are
complementary to their farming activities.
The vehicles must be panel vans and pick-ups
not exceeding two tons, trucks exceeding
two tons, tractor heads and tractors.
REMISSION OF DUTIES
ON AGRICULTURAL EQUIPMENT,
MACHINERY AND PRODUCTS
Farmers/farming enterprises are exempt from
paying General Consumption tax (GCT) on
items which are listed as exempted or zero
rated under the Tax such as farming supplies.
There is also an exemption or significant
reduction of import duties on certain items
that are listed under the Provisional Collector
of Tax Act. This is applicable primarily to the
livestock, dairy and poultry industries.
Creative industries: FILM
Motion Picture Encouragement Act
The requirement for eligibility is that a
company must be incorporated or registered
under the Companies Act.
A ‘recognized film producer’ is entitled to:
• Relief from income tax for a period not exceeding nine (9) years from the date of •
•
the first release of the motion picture.
An investment allowance of 70% of the expenditure on the facilities, which may be carried forward beyond the initial nine
year period, is also granted for income
tax purposes.
Exemption from the payment of import
duty on equipment, machinery and
materials for the building of studios or for
use in motion picture production.
UK CO-PRODUCTION TREATY
Signed between the Governments of Jamaica
and the United Kingdom Films in November
2007, the treaty enables films that are
granted Approved Co-production status by
the relevant Competent Authority to be
treated as national films of each signatory
country. Benefits include: duty free import
or export of equipment, access to UK film
tax incentives, granting of work permits in
accordance with immigration legislation to
Jamaican crew members, access to exotic
locations and skilled labour.
Types of Co-Production include:
Finance-Only Contributions:
This type of co-production should include one
or more co-producers who solely contribute
financially no less than 10% and no more
than 25% and, financial contributions should
not be less than 20% but no more than 25%
of total production cost.
No Finance-Only Contributions:
This type of contribution should include at
least one UK Co-Producer and at least one
Jamaican Co-Producer there can, however,
be a maximum of four Co-Producers. All CoProducer must have entered into a contract
reflecting their respective responsibilities as
Co-Producers and must directly negotiate the
contract, pay for rights, goods and services.
Film making contribution benefiting a country
shall be broadly proportionate to the financial
contribution of the Co Party Co-producer (or
Co-producers) established in that country.
Creative industries: MUSIC
TOOLS OF TRADE - WAIVER OF DUTY
This incentive offers local and international
artistes bringing in equipment, instruments
and other tools of the music trade a waiver
on applicable importation duties. To access
this incentive Applicants must submit the
following prior to the arrival of the items.
• A Letter of request to the Film, Music &
Entertainment Commission/Creative Industries
Unit, requesting assistance under the interim
Tools of Trade Facility re: importation of music
equipment/instruments.
• A Proforma Invoice with a detailed list of items being imported. This should include serial numbers and cost of each item.
• Company Profile
• A Copy of Certificate of incorporation and current tax compliance certificate for companies registered in Jamaica
• Jamaican applicants must be registered members of the Jamaica Federation of Musicians (JFM) or the Recording Industry of Jamaica (RIAJAM)
• Upon receipt of the above listed items,
Jamaica Trade and Invest (JAMPRO) will submit the documents to the Ministry of Finance for approval. This process will
take approximately ten (10) working days.
Manufacturing Incentives
93
Free Zone area or outside as a single entity
company must:
• Be registered according to the provisions
of the Companies Act
Accelerated Depreciation
Special Capital Allowance
Technology.
expenditure for:
• 50% of the full cost of any new machinery in the year of purchase
Export Industry Encouragement Act
To qualify for incentives under this act
the manufacturer must be an exporter of
manufactured products. In the case of a full
exporter (i.e 100% of the goods manufactured
are exported), the business must be designed
to export manufactured products in exchange
Incentives
for hard currency (non-CARICOM markets). In
the case of a partial exporter, producers must
export a threshold of 5% of their production
to non-CARICOM markets.
Having fulfilled these requirements the
manufacturer is eligible to receive concessions
on income tax for ten (10) years as well as
exemption from import duties on raw materials
machinery.
The income tax rebate is granted according
to the percentage of export profits and total
profits. For new exporters, the rebate is
calculated based on percentage of export sales
to total sales, while for the already existing
exporter, the rebate is calculated based on
incremental export sales over a base year.
The Act has been amended to provide benefits
where incremental exports to non-CARICOM
countries are in excess of 5% of total
exports.
Bauxite and Alumina
Industries Encouragement Act
Under this Act, if a business is engaged in the
mining of bauxite or the production of alumina
in Jamaica, they are automatically qualified
for import duty concessions on capital goods,
lubricating oils, grease and other chemicals.
Petroleum Refinery
Encouragement Act
A registered oil refiner may import articles for
the construction and operation of the refinery
as well as for the purpose of manufacturing
petroleum products duty free. Furthermore, the
manufacturer is exempt from paying income
tax, or tax on dividends paid to shareholders,
for a period of up to seven (7) years after
which he has six (6) years to carry forward net
losses incurred during that period.
Waiver of duty on raw material
Agro industries are granted an exemption
from payment of the Common External Tariff
(CET) and also the additional stamp duty on
their raw material imports.
Sugar
Since 1997 there has been an increase in
the cost of imported refined sugar due to
an imposition of an additional stamp duty
and the Common External Tariff (CET). As a
result, manufacturers using refined sugar as a
‘raw material’ have been granted stamp duty
waivers under the raw material schedule.
The decision was also taken that if
manufacturers use traders to import sugar on
their behalf, these manufacturers should also
be eligible for the waiver of additional stamp
duty.
To gain access to this incentive AgroIndustries/Manufacturers must:
• Apply in writing to the Ministry of Agriculture making the request
• Item(s) must be clearly defined
• The quantity in exact weight in either kilograms or metric tones
• Declaration that the item is to be used as a raw material
TOURISM INCENTIVES
Hotel Incentives Act
For a hotel to benefit from this Act, they must
contain ten (10) or more bedrooms as well as
facilities for meals and the accommodation of
transient guests, including tourists. The Act
offers income tax relief and duty concessions
94
Incentives
for up to fifteen (15) years for convention-type
hotels (hotels with at least 350 bedrooms),
and ten (10) years for regular hotels.
Resort Cottages Act
The resort cottage must contain at least two
(2) furnished bedrooms with kitchen, living
room and bathroom facilities, used for the
accommodation of transient guests including
tourists, in order to quality for reward. In
this case, the business receives income tax
relief for up to seven (7) years, while a group
of cottages containing ten or more bedrooms
is eligible to receive similar income tax
relief and duty free importation of building
materials and furnishings.
Attractions incentive
The Government of Jamaica recognizes that
the attractions sub-sector is an integral part
of their efforts to achieve an efficient and
internationally competitive tourism product.
The attractions sub-sector can generate
significant sustainable investment, foreign
exchange and employment; in this regard
the Government of Jamaica is pursuing an
integrated tourism development programme,
in which attractions play a key role. It brings
diversity to Jamaica’s tourism product,
broadening the range of visitor experience by
offering more than the sea, sun and sand for
which we are popular. However, there was a
need to stimulate growth and facilitate those
wishing to invest in this sub-sector, as a
result the Attractions Incentive Package was
introduced.
The incentive offers a five (5) year
exemption from corporate taxes for investors
in attractions as well as an exemption from
General Consumption Tax (GCT) and Customs
Duty on items imported for five (5) years.
The submitted application to the Ministry of
Tourism must include the following:
The HEART Trust/National Training Agency
provides technical support and financing
for a wide variety of employment training
• A Copy of Balance Sheet for last year programmes through its island-wide network
of operation (is applicable), a Business of institutions, on-the-job training and
Plan, Photograph of facility (8”×10”)
partnerships with community organizations.
and a Brochure.
The agency has partnered with numerous
start-up investors over the years to promote
• Copy of Approved Building Plan and
the training and certification of workers and is
Drawing designating the precinct of the
particularly interested in high skill/high wage
existing structure and proposed extension
jobs, in which the training provided leads
(where construction will be undertaken).
to NCTVET (National Council for Technical
and Vocational Education and Training)
• Quantity Surveyor’s Report (for those
certification. The Agency provides financial
facilities undergoing major refurbishing
assistance, usually in partnership with the
or upgrading)
firm, to fashion on-the-job and in-plant
training programmes for firms creating new
• Copies of Certificate of Incorporation,
Memorandum and Articles of Association jobs. Projects developed have been of various
designs, customised to the employment
(if a company makes application), Copy of Tax Compliance Certificate (where situation, however funding is limited in this
category and demand is high.
necessary), a Copy of JTB License and
The Agency also provides assistance with
TPDCo Inspection Report (where
necessary). As well as a Certificate of
recruitment and screening of applicants as
Registration of Business name is required well as with assessment and certification of
for sole traders.
the on-the-job learners.
Limited financial support is also offered to
• Copy of Certificate of Title (where
firms who wish to pursue accreditation as a
necessary).
training organization.
• List of items and quantities to be
purchased certified by TPDCo (for those
entities undertaking refurbishing that
does not involve any construction e.g.
refurbishing and reequipping).
Information Technology Incentives
HEART TRUST/NATIONAL TRAINING AGENCY Free Zone area or outside as a single entity
95
company must:
• Be registered according to the provisions of the Companies Act
Accelerated Depreciation/
Special Capital Allowance
Technology.
expenditure for:
• 50% of the full cost of any new
machinery in the year of purchase
Doing Business in Jamaica
WHY JAMAICA
• Stable government
• Growing economy
• Independent judiciary
• Ideal location and accessibility
• Diversified and well developed
capital market
• No foreign exchange controls
• Increased privatisation of public
sector companies
• Liberal export incentives
• Liberal import policies
• English-speaking workforce
• Skilled, semi-skilled labour
• Extensive infrastructure
• Efficient telecommunications
• Tropical climate
96
The forms through which a business can
be conducted are outlined below:
• Private companies limited by shares
• Public companies limited by shares
• Companies limited by guarantee (either with
or without share capital) Companies having
unlimited liability
• Branches of foreign corporations (overseas
companies)
• Partnerships - general or limited
• Joint ventures
• Sole proprietorships
FOREIGN ENTERPRISE ENTITIES
Foreign investors generally conduct their
business activities mainly through one of the
following forms: • Private companies limited by shares.
• Joint venture (partnership) operations in
which event each partner must be separately
registered as doing business in Jamaica.
• Branches of foreign corporations.
All companies registered in Jamaica are
governed by the Companies Act, 2004.
Ministerial responsibility for the provisions of
this Act is vested in the Ministry of Industry
Investment and Commerce.
PRIVATE COMPANIES
A private company:
• May be registered and carry on business
with one or more members
• Need only have one Director and a Secretary
as against three Directors and a Secretary for
a public company
• May have a maximum of 20 members
• Can commence business as soon as it is
incorporated
• Is exempt from filing a copy of its accounts
with the Companies Office of Jamaica, subject
to certain limitations.
Formation Procedures for Private and Public
Companies Incorporation of a company
involves the filing with the Companies Office
of Jamaica, of the following documents:
• Articles of Incorporation of the company
• Declaration of Compliance
• Notice of Registered Office
• Notification of Directors of the Company
The average time taken to register a
corporation is five days, though incorporation
may be expedited.
PUBLIC ACCESS TO DOCUMENTS
All documents relating to formation filed with
the Companies Office of Jamaica are available
for public inspection on request.
RAISING CAPITAL
The Companies Act allows companies to raise
capital by the creation of redeemable shares.
TRANSFERABILITY OF SHARES
Unless the Articles provide otherwise, shares
in a corporation are freely transferable.
LIABILITY OF SHAREHOLDERS
If the shares are fully paid, shareholders are
not liable for any claims made against the
company.
DIVIDENDS
No dividends can be paid except out of profits.
A prerequisite for the payment of dividends is
that the company must meet a solvency and
liquidity test under the Companies Act.
LIQUIDATION, RECEIVERSHIP
A company may be liquidated as follows: • Voluntarily,
• By the Court or
• Under the supervision of the Court
BRANCHES OF FOREIGN COMPANIES
REGISTRATION PROCEDURES
Within one month after establishing business
in Jamaica, a foreign company (branch of
a foreign company) must register with the
97
Companies Office.
Where the company is incorporated in a
country in which English is the official
language, a certified copy of the charter,
statutes or articles of a company or any other
instrument is required. Where the company
is incorporated in a country in which English
is not the first language, the following is
required:
• A certified copy of the original incorporation
documents in the language of origin
• A certified translation of the charter,
statutes or articles of the company
RESIDENT AGENT
A foreign company is required to appoint a
person resident in Jamaica who is authorized
to accept service of process and notices served
on the company.
FILING REQUIREMENTS
An overseas company is required to file in
every calendar year the Following:
• A copy of its balance sheet and profit
and loss account and, if the company is a
holding company, group financial statements
prepared in the form required under the Act
for companies incorporated in Jamaica;
or
• A copy of its balance sheet and profit and
loss account or, if the company is a subsidiary
company, a copy of the balance sheet of
its holding company, prepared in the form
required under the law of the place of the
company’s incorporation together with the
following: (a) Profit and loss account of the company’s
operations in Jamaica;
(b) Statement showing the company’s assets
situated in Jamaica; and
(c) Auditor’s report on both the statement of
operations and statement of assets.
The Declaration of Assets Tax, which is based
on the total assets of the company, must be
filed on or before 1 September in every year.
About Jamaica Trade and Invest
Jamaica Trade and Invest (JTI) is Jamaica’s
investment and export promotion agency.
Its mission is to achieve sustained economic
development and an improved quality of life
for all Jamaicans by concentrating its core responsibilities around attracting investments
in targeted sectors and promoting exports.
We are guided by a Vision of achieving sustained economic development through trade
and investment, enabling an improved quality
of life for all Jamaicans. As such, our Mission
is to facilitate and promote investment and
trade by fostering creativity and innovation to
build existing or potential competitive advantage for the economic benefit of our country
while ensuring the well-being of our staff.
Falling under the Ministry of Industry, Investment and Commerce, JTI is positioned as
a coordinator for multiple agencies (in both
public and private sector) and organizations,
while working towards the development objectives of the Government. JTI has also been
able to build partnerships with international
organisations such as the International Trade
Centre (ITC) and their regional counterparts
(building Jamaica’s overseas network), while
strengthening their domestic alliances. Acting in a coordinating capacity and bridging
public and private sector, JTI serves as the
nucleus/core of the trade network.
The Agency also has a role in:
* Trade facilitation;
* Policy development and advocacy in order
to facilitate exports and the development of
the local industries, i.e. creating a pro-export
business environment;
* Developing the capacity of firms in order
to enhance their competitiveness by delivering technical assistance programmes.
98
It is the Agency’s intent to
promote Jamaican investment
and trade by fostering creativity
and innovation to build the nation’s competitive advantage in
the global economy, by increasing and sustaining high levels of
investments and exports in the
key sectors of tourism, manufacturing and mining, agribusiness,
information technology and international business and the creative industries.
Jamaica Trade and Invest also
provides business services for all existing and
prospective businesses. The agency is also responsible for securing and offering technical
and financial assistance for clients through
international donor agencies.
Where are we coming from?
In 1988, the merger of three entities gave
birth to the Jamaica Promotions Corporation
(JAMPRO), now known as Jamaica Trade and
Invest (JTI). This followed a recommendation
in 1983 to consolidate three existing entities,
the Jamaica National Investment Promotions,
(located at the Office of the Prime Minister),
the Jamaica National Export Corporation (under the Ministry of Foreign Affairs and Foreign
Trade), and the Jamaica Industrial Development Corporation (under the Ministry of Industry and Commerce).
Initially, JTI was incorporated as a limited
liability company, mandated to perform the
following functions:
* Investment promotion and facilitation
* Trade promotion and trade services
* Regulation of export procedures
99
* Modernisation of industries
* Allocation of factory space
In 1990, while housed within the Ministry
of Development, Planning and Production,
the JAMPRO Act was passed in Parliament, establishing the company as a statutory body of
the Government of Jamaica.
Today, the agency is a leading institution
charged with promoting investment in the
island while facilitating the development of
exports in targeted sectors identified by the
National Industrial Policy, including leisure/
tourism, manufacturing, agri-business, and
information communications technology. Jamaica has seen continuous increase in the
tourism, manufacturing, agriculture, mining,
energy, the creative industries and knowledge
services sectors.
In order to create and sustain continued
global interest in the island as an investment
destination, Jamaica Trade and Invest seeks
to create a pre-eminent marketing document
that will provide potential investors with insight of the opportunities that exist in Jamaica. This will be termed the Jamaica Directory
of Investment Opportunities.
Speak to us
Jamaica: Kingston
Head Office
18 Trafalgar Road
Kingston 10, Jamaica W.I.
Phone: +1 876 978 7755; 978-3337
Toll Free: +1 877 INVESTJA (468 4352)
Fax: +1 876 946 0090
Email: [email protected]
UK: London
JTI / Jamaica Trade Commission
1 Prince Consort Road,
London SW7 2BZ, England
Phone: + 44 020 7 584 8894
Fax: + 44 020 7 823 9886
Jamaica: Montego Bay
UGI Building
30 Market Street, 2nd Floor,
Montego Bay, St. James
Jamaica W.I.
Phone: +1 876 952 3420
Fax: +1 876 952 1384
Design & Production: Deeks Designs Limited
Art Director & Illustrator: Susan Lee Quee
Printing: Lithographic Printers Limited
Photography: Jamaica Tourist Board, The Gleaner Company,
Tony Wong, The Jamaican Magazine, Jamaica Trade and Invest Photo Library,
Pulse Investments, Saint International, Tuff Gong International,
Turn Key Productions, Summerfest Productions,
Maps by Mona GeoInformatics Institute
A Jamaica Trade & Invest Publication
All Rights Reserved © 2008
100

jamaica is - Jamaica Business Opportunity Service

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