PM outlines menu of investment opportunities in Jamaica
PRIME Minister Dr Andrew Holness has presented international investors with a broad range of opportunities across energy, water, housing, urban development, ports, airports, logistics, tourism, health care, education, mining, and film as Jamaica prepares for infrastructure development at unprecedented scale.
Addressing the Caribbean Investment Forum in Miami on Tuesday, the prime minister said Jamaica’s ambition is to undertake a coordinated transformation of the systems that support national life and economic activity.
According to Holness, the programme will include roads, ports, airports, logistics operations, schools, health-care facilities, tourism infrastructure, housing, energy, and water.
Holness said Jamaica needs infrastructure that can deliver on its ambition, as he invited investors to look beyond isolated projects and consider the value created when infrastructure is planned and connected around productive economic clusters.
“Jamaica has one of the highest energy costs in the region, and we are now looking to reduce that by changing our generation capacity to more efficient generation options, including renewables. We have procurement now for approximately 300 megawatts of solar with battery included,” said Holness.
He also highlighted opportunities in pumped hydro storage, saying, “Water is a big area for us, necessary for resilience building and necessary for supporting economic growth.”
In housing and urban development, the prime minister said Jamaica has an estimated deficit of approximately 150,000 housing solutions.
“We would welcome investor interest, particularly in the affordable and low-income end of the housing market. I think that there is a lucrative business opportunity there for housing,” said Holness.
He also pointed to investment opportunities in ports, airports, logistics and transportation, and pointed to Jamaica’s strategic location, at the centre of the Caribbean, near major international trade routes and close to the United States, which the prime minister said gives the country a strong geographic advantage.
In the meantime, Holness said tourism remains a major draw for investment, supported by a mature ecosystem and strong global awareness of the Jamaican brand.
The prime minister said the country welcomes additional tourism projects as it rebuilds and expands supporting infrastructure.
He noted that opportunities are also available in healthcare and education, sectors that are central to quality of life, workforce development, and Jamaica’s long-term competitiveness.
In mining, the prime minister pointed to bauxite, rare earth elements, gold, silver, and limestone among the resources open to responsible investment.
Holness said Jamaica’s fiscal record provides a strong foundation for partnerships with private capital, and noted that the country intends to leverage public-private partnerships to build infrastructure in a way that does not undermine the fiscal discipline of the past decade.
In welcoming international investment, the prime minister said, “Jamaica is safe for you to invest, and Jamaica will yield great returns. Jamaica will become the Singapore of the Caribbean.”