Jamaica to table Act aimed at attracting US$1 billion in investments
Executive Chairman of Sandals Group, Adam Stewart (right) has the attention of (from left) Minister of Industry, Investment and Commerce Senator Aubyn Hill, Minister of Finance and the Public Service, Dr Nigel Clarke and Jason Henzell, owner of Jakes Resort while making a point at the Invest Jamaica 2022 Business Conference in Montego Bay on Tuesday morning.

MONTEGO BAY, St James – Minister of Finance and Public Service Dr Nigel Clarke has announced plans to table the Large Scale Project and Pioneer Act in Parliament before the end of the fiscal year in an effort to attract investments in the region of a billion US dollars or more to Jamaica.

"We will be, hopefully by the end of this fiscal year, tabling in Parliament the Large Scale Project and Pioneer Act or the amendments to the Large Scale Projects and Pioneer Act to make it operational," Clarke said.

"This an Act that aims to attract investments of a billion US dollars or more to Jamaica. So we have Omnibus Incentive legislation that is the framework for everyday investments,” he continued.

“And those have been going well, but with the track record that Jamaica has established, and with the macroeconomic fundamentals that we have, which are strong, our goal now is to attract investments that are a US billion dollar in size and more," Dr Clarke stated.

He was speaking at the first of the two-day Invest Jamaica 2022 Business Conference at the Montego Bay Convention Centre on Tuesday morning.

The conference is held under the theme: Jamaica the Nearshore Delivery Hub of the Caribbean".

HORACE HINES

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at https://bit.ly/epaper-login

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy
Recent Posts