Efforts by Jamaica and the Kingdom of Saudi Arabia to engage in cooperation and investment in tourism have moved a step closer, as Jamaica welcomed the largest delegation of potential investors from the Middle East this week. Big plans are underway for Jamaica, as deputy minister of investor outreach for Saudi Arabia confirms that his country has real interest in investing in the island. The minister made the announcement at a Jamaica-Saudi business luncheon held at the Port Royal cruise ship pier on Friday.
In response to the declaration, Prime Minister Andrew Holness reiterates that Jamaica is a prime spot for investment. Pm holness says there are several areas in Portland and Westmoreland that if invested in, could reap significant rewards.
In addition, he says Jamaica’s ability to withstand global shocks should be an asset to investors. Holness also notes that Jamaica has been undertaking comprehensive institutional reform that will further protect investors. This further cements the prime minister’s view that Jamaica is an ideal place for investment and development. PM Holness also aired his desires for investment in numerous other areas and industries in the country, including Port Royal, due to its rich heritage.
Reporter: Velonique Bowen
