Montego Bay Ripe for Diaspora Investment


Minister of State in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, says that Montego Bay offers tremendous opportunities for investment, which will be highlighted during next month’s Diaspora Conference.

The State Minister, who was addressing a forum on the upcoming conference held recently at the Sunset Resort in the city, pointed to the potential for housing development, and further expansion of tourism, agriculture and other business ventures.

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She said that members of the Jamaica Diaspora and local investors need “to seize the moment” for the development of Montego Bay.

“A big growth strategy by the Government is investment and Montego Bay is a prime place for investment. There are many different forms of tourism that we have not yet explored and we need to develop,” she stated.

She noted for example, that the Montego Bay Convention Centre could be utilised for faith-based tourism.

“Nassau in the Bahamas has a lot of that and they make a lot of money. We need to also position Montego Bay in that industry. We want to make Montego Bay the place to retire for returning residents,” she stated.

Mrs. Ffolkes-Abrahams said that the Government will be making the June 16 to 19 conference the best in its 10 year history, so that all can seize the opportunities that Jamaica has to offer.

“I want to see Montego Bay flourish in business, because I believe that there is a lot more that can be done here, and the Diaspora is key to that in terms of investment in Jamaica. We have not tapped into all of the resources that the Diaspora has to offer,” she pointed out.

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“I know the potential in the Diaspora is there, and the will in the Diaspora is there. The money is there, and what we need to do is to position ourselves properly, organise it properly, and make sure that the money comes back to Jamaica,” the State Minister said.

“This is an opportunity for us, we can do it, the Diaspora Conference is well organised, and this is an opportunity for us to seize, develop and grow,” she added.

Meanwhile, Director of Diaspora and Consular Affairs at the Ministry of Foreign Affairs and Foreign Trade, Lloyd Wilks, reported that there is increased interest in the conference by locals and nationals living overseas.

Contact: Garfield L. Angus

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