Jamaica to Target High-Net worth Investors


The Jamaica Investment Forum, being spearheaded by JAMPRO, is expected to assist in targeting high-net worth investors and advance the country’s investment prospects in key economic areas.

The event, set for March 1 and 2 at the Montego Bay Convention Centre, will focus on business opportunities in the priority areas of manufacturing, tourism, Information and Communication Technology (ICT), and in major privatisation and development projects.

Investors will also benefit from insightful information on the Government’s investment policies and incentives, as well as and networking opportunities.

Minister with responsibility for Information, Hon. Sandrea Falconer, speaking at Jamaica House press briefing at the Office of the Prime Minister on Feb. 1, said Cabinet received an update on the budget and scheduled programme of activities, and the selected public and private sector projects to be promoted at the forum.

“Cabinet was sensitised to the need for fiscal prudence…the Ministry of Industry, Investment and Commerce was encouraged to ensure that funding for the forum is secured to the Ministry’s existing budgetary allocations in light of the fiscal constraints,” she said.

While the event will target investment in key growth sectors, Minister Falconer informed that opportunities will be explored in areas of energy, culture, health, agriculture, education and sports. The Government will be seeking investment in the country’s mineral baths, botanical gardens, the Trelawny Multi-purpose Stadium, and the development of a cultural performing arts centre.

Ms. Falconer informed that a Ministerial committee, headed by Prime Minister, the Most Hon. Portia Simpson Miller, has been set up to identify the other projects that the government would be interested in showcasing at the forum.

The committee comprises: the Ministry of Transport, Works and Housing; Ministry of Finance, Planning and the Public Service; Ministry of Science, Technology Energy and Mining; Ministry of Tourism and Entertainment;  Ministry of Youth and Culture; Ministry of Water, Land, Environment and Climate Change; and Ministry of Industry, Investment and Commerce.

“Cabinet noted that the forum was the first opportunity for the government to present its perspective for investment and its relations with the private sector. Therefore, the forum should be used to promote the wider vision of the government and its intentions to facilitate economic growth within the current fiscal context,” Minister Falconer outlined.
             

By Alphea Saunders, JIS Senior Reporter

JIS Social