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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