According to Minister without Portfolio in the Ministry of Economic Growth and Job Creation Daryl Vaz, the Special Economic Zone (SEZ) is set to attract projected new investments of US$3.1 billion.
He said the expanded SEZ space is also projected to increase to 1.5 million square feet.
An SEZ creates a specifically delineated location that is governed separately by customs and tax regimes.
It is intended to provide incentives and services to encourage investments in Jamaica’s logistics-based industries.
Carol May, Readers Bureau, Contributor
Edited by Jesus Chan
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