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Number, scope of Special Economic Zones being increased

In recent years, Jamaica has focused on increasing the number and scope of Special Economic Zones (SEZs) to enhance economic growth, attract foreign investments and boost exports.

This development has been part of the country’s broader Global Logistics Hub Initiative, which aims to position Jamaica as a critical player in international trade.

Chief Executive Officer (CEO), Kelli-Dawn Hamilton said, “our mission, in a nutshell, is to increase the number of SEZs.”

“So when we envision Jamaica’s future in this context, we anticipate that we will have world class facilities providing world class services to the rest of the world,” the CEO added.

Since the replacement of the Free Zones Act with the Special Economic Zones Act in 2016, there has been a steady rise in the number of approved SEZs across Jamaica, resulting in a current total of 198 locatio

Jamaica,loopnews

https://jamaica.loopnews.com/content/number-scope-special-economic-zones-being-increased?utm_source=newsletter&utm_medium=email&utm_campaign=world_fzo_weekly_news_26_november_2024&utm_term=2024-11-26

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