Sun | Jan 12, 2025

Growth & Jobs | Jamaica’s business climate good for investment - Montego Bay hosts third staging of Jamaica Investment Forum, June 12-14

Published:Monday | May 28, 2018 | 12:00 AM
Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw (second left); Metry Seaga (left), Deputy Chairman of JAMPRO; Diane Edwards (centre), President of JAMPRO; and JIF Headline sponsor representatives (centre right to left) Verona Carter, Vice President of Public Affairs at New Fortress Energy; Craig Mair, SVP, Corporate and Commercial Banking, Scotiabank; and Dr Wayne Henry, Director General of the PIOJ are all smiles at the launch of the Jamaica Investment Forum. The forum, which aims to attract investments to Jamaica, will be held on June 12-14, 2018 in Montego Bay.

Jamaica's business climate remains ripe for investment and the island's trade and investment promotions agency, JAMPRO, will highlight that during the third staging of the Jamaica Investment Forum (JIF), scheduled to take place in Montego Bay, Jamaica, from June 12-14.

The event, to be held under the patronage of Jamaica's prime minister Andrew Holness, will promote six priority sectors for investment: outsourcing, manufacturing, agribusiness, tourism, logistics, and energy.

The theme for this year's forum is 'Connect for Business', and it will be one of Jamaica's key platforms to connect new investors to Jamaican projects and cement the decisions of investors that have already indicated interest in investing the country.

"For this staging of the JIF, we will continue to generate investment projects that can impact a broad sector of society by illuminating Jamaica's economic path for investors and give them a new perspective on the country's business opportunities," said Diane Edwards, JAMPRO's president.

"We will shed light on the country's recent economic achievements, our digital readiness, our homegrown multinationals, and other highlights of the growing economy. JIF 2018 is really Jamaica's opportunity to showcase the best of our business brand and to change the image of Jamaica as just a place of sun, sand, and sea."

 

Working to attract greater investments

 

JAMPRO has been working harder to attract greater investments in the Jamaican economy, that have a broader reach and, therefore, a more fulsome impact, with the Jamaica Investment Forum being a major strategy to achieving this. JIF 2018 is the perfect place for Jamaica to promote its capabilities in business and encourage the development in new projects.

As a result of the first two events, the Jamaica Investment Forum attracted over US$300 million in investment projects, creating 7,000 jobs. Additionally, some 46 investment leads were generated from both JIF 2012 and 2015 across several sectors, including outsourcing, tourism, and infrastructure.

The Jamaica Investment Forum is a JAMPRO-led event being held with support from headline sponsors New Fortress Energy, Scotiabank, and Foundations for Competitiveness and Growth Project, which is a World Bank loan project managed by the Planning Institute of Jamaica.