JIFZ Looking to Boost Occupancy of Office Space to Support Logistics Services
By: May 21, 2024 ,The Full Story
The Jamaica International Free Zone Development Limited (JIFZ) will be putting measures in place to grow its clientele and attain and maintain a 98 per cent occupancy level at all its leased facilities.
The details are contained in the Public Bodies Estimates of Revenue and Expenditure for the Fiscal Year ending March 2025.
As stated in the document, the entity intends to achieve its objectives through the provision of high-quality customer service; undertaking renovations in line with international best practice/standards; and conducting site visits, surveys and routine calls with its stakeholders and customers to ascertain client satisfaction and quickly respond to issues.
The JIFZ will seek to provide the highest standard of support infrastructure through the establishment and enforcement of schedules for preventative maintenance and routine tasks management.
Incorporated in December 2005 as a limited liability company, the JIFZ provides office and warehousing space to support logistics and related activities.
It is jointly owned by the Port Authority of Jamaica (PAJ) and Zim Integrated Shipping Services Limited.
The primary responsibility of the company is to facilitate the development of logistics centres in Jamaica and contribute to the Government’s goal of creating a strong economic infrastructure and an enabling business environment driven by investments, promotions and trade.
In alignment with its mandate, JIFZ acquired and developed a piece of property in Newport West, comprising 16 acres of land with 103,482 square feet of office and warehousing space, along with 324,543 square feet of land space.
The operations at the JIFZ are managed by the Kingston Free Zone Company Limited while administrative function is provided by the Port Authority of Jamaica. Accordingly, JIFZ has no employees.