JIS News

Chairman of the Kingston Free Zone, Montego Bay Free Zone and Factories Corporation of Jamaica, Neil Seaton was appointed Goodwill Ambassador for Latin America and the Caribbean at the 10th Annual World Free Zone Convention (WFZC).
The Conference, held in Ras Al Khaimah, United Arab Emirates (UAE) on November 2 and 3, 2010, sought to provide an opportunity for the world’s leading zones to gather and reflect on a range of issues, examine the state of the world’s economy, learn lessons on maximizing free zone success and focus on best practices.
For the first time, the organizers of the conference created a network of goodwill ambassadors for free zones. The ambassadors are charged with the responsibility of spreading the word about the economic contribution of free zones to a wide audience which includes: national and international business organizations, government officials, parliamentarians, regulatory bodies and the media.
The World Free Zone Convention 2010 is the first event of its kind to be held in the Middle East and saw over 200 international and regional delegates represented. The WFZC monitors Special Economic Zones in more than 120 countries around the world.
The 10th edition of this industry event was hosted by the Ras Al Khaimah Free Trade Zone (RAK FTZ), under the auspice of His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. This was the Sheiks first official event since becoming the emirate’s ruler following the death of his father, Sheikh Saqr bin Mohammed Al Qasimi on October 27, 2010.
The RAK FTZ was established in 2000 and is one of the fastest-growing and most cost-effective free trade zones in the UAE. It is home to over 4,000 active companies and serves as a world-class business hub, as well as, a vehicle for industrial growth and development. RAK FTZ has created a unique four-park system comprised of Business Park, Industrial Park, Technology Park and Academy Zone. The RAK FTZ will serve as a benchmark for the development of Jamaica’s Caymanas Economic Zone (CEZ).
The CEZ, brainchild of the Hon. Karl Samuda, is Jamaica’s latest zone development effort. Its predecessors include the Kingston Free Zone, which was established in 1978, Montego Bay Free Zone created in 1984, Garmex Industrial Free Zone undertaken by GoJ in 1987 and sixteen (16) private stand alone single unit free Zones established throughout the 1990s. Phase 1 of the CEZ – an eco-business park – is scheduled to commence development in 2012.