Harmony Cove Development Attracts Investors Worldwide


Some 80 potential investors from Jamaica, Trinidad and Tobago, United States of America, France and the Far East are participating in the three-day Harmony Cove Resort Development Investors Conference at the Ritz Carlton Hotel in Montego Bay.
The Harmony Cove Development Project, expected to be established on the scenic Harmony Hall property in Trelawny at a cost of US$1.1 billion, will see some 11,500 new jobs being created for residents in western Jamaica.
This project is slated to be a luxurious destination resort community that will exceed five star standards. Offering a range of elegant hotels, residential options and topnotch amenities such as golf courses and a marina, Harmony Cove will provide guests with a complete lifestyle opportunity.
Minister of Development, Dr. Paul Robertson, who addressed the participants at yesterday’s (Oct. 21) opening of the conference, said that Harmony Cove was “an exciting departure from our existing tourism product. There is something to be said about a resort development that is not just about building rooms on a site, but is instead a precise crafting of a superior travel experience that outclasses, defines and makes new strides and that is just in the concept stage”.
He assured the investors, that they would benefit from targets ranging from 5.5 per cent annual growth in stopover arrivals, 8.2 per cent growth in visitor expenditure and a 4 per cent per annum increase in room inventory.
The Development Minister pointed out that the conference was an opportunity for the investors to get full details of the project including reviewing the drawings with the technical team, walk the site learn more about the country and its set strategies for development.
“I believe that this conference marks a rather significant milestone for the country and I anticipate great results. Every day I meet new investors, each with a vivid sense of the immense business possibilities available here, and I am personally energized by the level of interest of those who want to make big things happen for their enterprises and for Jamaica”, he said.
He further observed that companies that sought to do business in Jamaica have three things in common, which were, ‘they want to outclass their competitors, define their industries and make new strides’.
These strategies, the Minister stressed, have shaped Jamaica’s approach to national development.

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