Jamaica’s Special Economic Zone To Attract US$3.1B In Investments

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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