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".