2. 1
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
Ideal Location and
accessibility
Gateway to multiple
destination
EST Time Zone - convenient for
doiong business with the USA, Latin
American and
Caribbean
One hour from Miami
Three Hours from New York
Time zone 0-3 hours from North
America & 5-6 hours from Europe
Main shipping lanes for Panama
Canal
Stable Government &
Economy
Independent Judiciary
Diversified and well
developed capital market
No foreign exchange controls
Increased privatisation of public sec-
tor companies
Liberal export incentives
Liberal Import Policies
Educated English-speaking
workforce
Skilled, semi-skilled labour
Intensive Infrastructure
Efficient Telecomunications
Tropical climate
WHY JAMAICA?
3. 2
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
Why Jamaica 1
About Jamaica 3
JAMPRO & Partners 6
GOVERNMENT OF JAMAICA PROJECTS:
Caymanas Economic Zone 8
Naggo Head ICT Park 10
Tinson Pen Logistics Centre Development Centre 12
Navy Island/Titchfield Lands 12
Vernamfield Development Project 13
Back Rio Grande Hydro Scheme 15
Great River Hydropower Plant 15
Laughlands Hydropwer 15
International Financial Services 16
PRIVATE PROJECTS
Amaterra Jamaica Ltd. 18
Negril Peninsula 19
Green Castle Estate 20
Barrett Hall Lifestyle Village 21
Barnett Tech Park 22
Cotton Tree Bay 23
Laughlands Tourist Development 24
Mahoe Bay 25
Mosquito Cove 26
San San 27
White Bay 28
DIVESTMENT PROJECTS:
Norman Manley International Airport (NMIA) 30
Wallenford Coffee Company Lid. (WCCL) 31
Mavis Bank Coffee Factory Limited (MBCFL) 31
The Oceana Building 32
The Office Centre Building 32
Font Hill 33
CONTENTS
4. 3
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
Jamaica operates a mixed market
economy. The main sectors include
agriculture, mining, manufactur-
ing, tourism, financial and insur-
ance services, transport, and com-
munications. The services sectors
account for two-thirds of gross do-
mestic product. As an open econo-
my, Jamaica is well integrated into
the global economy with external
trade contributing prominently to
overall economic activity.
ABOUT JAMAICA
5. 4
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
ABOUT JAMAICA
JAMAICA’S INFRASTRUCTURE FOR FOREIGN
DIRECT INVESTMENTS
Jamaica is advanced in modernising its port, air-
ports, roads, telecommunications, water supply
and sewerage infrastructure. Investment in in-
frastructure is an important priority in national
development, having regard to its impact on the
competitiveness in the economy. The island has
been a high performer in attracting foreign direct
investment over recent years particularly in the
area of tourism, and this performance has been
attributed to improvements in its infrastructure.
Jamaica has nine active ports. The Port of Kings-
ton is the largest, which at 21 square kilometres
of navigable water, is the seventh largest natural
harbour in the world. Located along the north/
south, east/west axis of the Caribbean, the port
is just 32 miles from the trade routes that pass
through the Panama Canal.
The Port of Kingston handles approximately 80%
of all imports. It includes a modern container ter-
minal, a large break-bulk wharf with roll-on/roll-
o facilities, an oil renery and dry bulk terminal.
The fully computerised terminal has 11 berths,
backed by 40 hectares of container yard space.
State of the art stevedoring equipment includes
seven rail-mounted 40-ton gantry cranes, 30
straddle carriers, yard chassis and hustlers,reefer
outlets and a freight station.
With stellar infrastructure, competitive rates and
a central location, the trans-shipment opportuni-
ties in Jamaica are limitless. Our easy accessibility
to the main shipping lanes that run through the
Panama Canal makes the Port of Kingston even
more attractive to international shipping compa-
nies. Over 30 shipping lines have operations in
Jamaica, covering all the major routes to the
North and South American continents, Europe
and the Far East.
Ò The natural harbour in Kingston is the 7th
largest in the worldÓ
6. 5
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
ABOUT JAMAICA
AIR TRAVEL
Jamaica has two international airports, Norman Manley Interna-
tional Airport located in Kingston and the Sangster International
Airport in Montego Bay. Additionally, Jamaica facilitates domestic
air travel through four aerodromes namely, Tinson Pen (Kingston),
Ken Jones (Portland), Boscobel (St. Mary), and Negril (Westmore-
land).
The Norman Manley International Airport sits south of the Kings-
ton Harbour on 228 hectares (563 acres) of land. It has a runway
of 816 square metres (8,785 square feet) and is capable of accom-
modating aircrafts up to the size of the Boeing 747.
The Sangster International Airport runs along the northern strip
of the country, 3.2 km from downtown Montego Bay. It’s on ap-
proximately 235 hectares (580 acres) of land, with a runway of 809
square metres (8,700 square feet) and an associated parallel taxi-
way running the full length of the runway. The redevelopment of
the Sangster International Airport included the construction of a
new concourse and the upgrading of the existing one, which has
expanded the capacity of the airport to handle 9.5 million passen-
gers per annum – 3 times its previous size. It was completed in
August 2008. The airport handles the bulk of the traffic generated
by the tourism industry and now possesses the most modern pas-
senger facilities for shopping, immigration, customs and transport
services in the Caribbean region.
HIGHWAY 2000
HIGHWAY 2000 is the centre piece of a multi-year Millennium
Projects Programme initiated by the Government of Jamaica .
The main objective of these projects is to upgrade the country’s
infrastructure and assist in providing economic opportunities for
growth and the creation of jobs.
The highway is a four to six lane controlled-access, tolled motor-
way with fully grade separated interchanges and intersections
built according to modern international standards.
Sangster International
Airport, Montego Bay
Highway 2000
7. 6
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
JAMAICA PROMOTIONS CORPORATION, JAMPRO
JAMPRO is the Government of Jamaica’s investment and export promotion
agency, which connects investors and entrepreneurs from around the globe to
the trade and investment opportunities available in the leading sectors of the
Jamaican economy.
Operating under the direction of the Ministry of Industry, Investment and Com-
merce, JAMPRO guides investors from the decision making stage, through the
approvals process, to when their investments become operational. The agency
focuses on the targeted sectors of tourism, manufacturing, agri-business,
information and communication technology, mining, energy, and the creative
industries (film, music and entertainment).
www.tradeandinvestjamaica.org
DEVELOPMENT BANK OF JAMAICA
The Development Bank of Jamaica facilitates the growth and development of
all viable enterprises in the productive sectors of the Jamaican economy. The
DBJ provides direct lending for large projects in strategic areas, medium and
long-term financing solutions to all entities, as well as supports the manage-
ment and privatization of national assets and investments.
www.dbankjm.com
PORT AUTHORITY OF JAMAICA
The Port Authority is the statutory corporation responsible for the regulation
and development of Jamaica’s port and shipping industry. The corporation is
responsible for the safety of all vessels navigating the ports of entry and the
regulation of the tariffs charged on goods passing through the public wharves.
In addition, the Port Authority regulates the establishment and operation of all
port facilities, develops and manages safe, secure and efficient world-class port
infrastructure in Jamaica and the related commercial operations that deliver
sustainable growth while satisfying the needs of all stakeholders.
www.portjam.com
URBAN DEVELOPMENT CORPORATION
The Urban Development Corporation has a mandate to stimulate urban devel-
opment through the planning and implementation of comprehensive develop-
ment projects and programmes.
www.udcja.com
PETROLEUM CORPORATION OF JAMAICA
The Petroleum Corporation of Jamaica has been mandated to develop indig-
enous renewable energy resources, to prevent adverse effects on the environ-
ment and to realize the goals of Jamaica’s Energy Sector Policy.
www.pcj.com
The Development Bank of Jamaica facilitates the growth and development of
The investment projects in this portfolio are managed/facilitated by the following government agencies:
9. 8
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES MANUFACTURING/ICT
Caymanas is ideally located for a technology
park development, situated at the confluence
of the major population centres of Kingston,
Spanish Town and Portmore. All three loca-
tions are 25-40 minutes from the Norman
Manley International Airport with excellent
public transportation and networked with the
island’s Highway 2000.
Modern shipping and trans-shipment
services are less than 10 minutes away at
the Port of Kingston, all underpinned by a
sophisticated world-class telecommunica-
tions backbone.
• Kingston, national capital with an es
timated population of 580,000, offers
the region’s premier transportation
centre as well as 146 schools, 6
management institutes and 4
universities.
• Portmore is the largest middle–
income dormitory community in the
English-speaking Caribbean with
over 265,000 residents many of
whom have post-secondary educa-
tion.
• Spanish Town, Jamaica’s former capi
tal has over 150,000 reside.
The Caymanas Economic Free Zone (CEFZ)
consists of 1500 acres of prime real estate,
of which 40 acres have been earmarked for
the development of phase 1 of the ICT Park
which will house: Software Development,
Telecommunications/Co-Location sites, Bio-
Technology, Business Process Outsourcing
(BPOs) and IT/Security Consultancy (NOC).
Project Concept
An integrated ecosystem built on a modular
plan from seeding or staging site.
• Intelligent self-contained City based on
work-play-live and Knowledge Innovation
Zone/Knowledge City concept
• Staging site, training centre,
light data centre facilities, meeting
rooms and business centre
• Immigration Services, Customs offices,
Free Zone certification, one-stop window
• Campus offices representing all major
universities and recruitment/job fair
centre
• Support services include restaurants,
banks, ATMs, daycare, doctors offices,
emergency medical services, dedicated
transportation hubs
• Adjacent retail and recreational facilities
and middle income residential develop
ments for Knowledge Workers.
The Staging Site
Ready to occupy plug-and-play space in 50,000 sq feet
(10 Units) holding up to 700 seats. Starter facility which
permits new market entrants to pilot their business
model in a cost effective manner on the condition that
they build-out their own modular units in the ICT Zone
and relocate in 1 year. Staging sites are also aimed at
providing facilities to local entrepreneurs who can
leverage world-class facilities within their constraining
cost structures to provide sourcing services to global
clientele.
The Complete Project
• 40 acres of land with 1,200,000 square feet of
production space hosting 12,000 seats and up
to 21,000 jobs.
• Target rental rates of US$10 per square foot
per annum
• On-site power generation with excess capacity
sold back to the national grid
• Telecommunications providers will supply last
mile connectivity
Infrastructure
• Modular Floor Layout for Office Space
• Scalable office Infrastructure (28-38,000 Sq. Ft.
Single Floor Plate).
• Earthquake and Hurricane resistant infrastruc
ture
• Centralized air-conditioning & AHUs located on
each floor
• OFC and Structured Cabling Network.
• Private dedicated power supply [IPP]
• 100% Power Backup Support (supported by on-site
power generation by utility partner) 24 hour
uninterrupted water supply
• Large Capacity, High Speed Passenger and Service
Lifts
CAYMANAS ECONOMIC ZONE
CAYMANAS ICT PARK
10. 9
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
Amenities
• Security - Access Control and Electronic Surveillance.
• Transportation services
• Multi-Cuisine Food Courts, Banks and ATM’s, Retail Outlets, Busines Center, etc.
• Ample Parking Space.
• Beautifully landscaped area comprising of manicured lawns and gardens.
Project Phasing:
• Phase 1: Infrastructure works
• Phase 2: Staging Site
• Phase 3: Support facilities
• Phase 4: Modular build-out based on client commitments
Subdivision Plan with splinter titling, building specifications and ownership options:
• Long term lease
• Lease for purchase
• Outright purchase
Development Incentives:
Real Estate/Land:
The Jamaican Government has placed the 40 Acres of land at Caymanas in a Public-
Private partnership (PPP) vehicle for development. The developer will take advantage
of the following concessions offered under the Tax Incentive Programme for Urban
Renewal (TIP):
• Tax-free status on bonds issued
• Tax credits of 25% of capital expenditure
• 100% tax concessions on rental / lease income
Marketing
The Government of Jamaica through its Investment Promotions Agency, Jamaica
Trade and Invest/JAMPRO will co-market the‘Caymanas ICT Business Park’in conjunc-
tion with the Real Estate developer. Clients of the Park will receive the following
benefits:
Free Zone: Park clients who export more than 85% of their services offshore will
benefit from the following:
• No restriction on repatriation of foreign exchange
• Corporate tax exemption on profits in perpetuity
• Import duty exemption on capital equipment
• Reimbursement of VAT on local purchases
Training: The National Training Agency
(NTA)
The HEART Trust NTA gives technical support and financing
for employment training, institutional and via on-the-job
training/ partnerships with community organizations. The
agency partners with start-up investors to promote worker
training and certification with focus on high-skilled jobs
where training leads to certification.
Project Costing:
Total investment for completion of buildings estimated at
approximately US$ 90 million. Typical cost to build a facility
is estimated at US$75 per square foot with an additional
US$75 per square foot for fit-out. Investment for infrastruc-
tural works is a projected US$120 million. Target rental rates:
US$10 per square foot per annum. Typical time-to-build is
8 - 16 months.
MANUFACTURING/ICT
CAYMANAS ECONOMIC ZONE
11. 10
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
INFORMATION COMMUNICATIONS
TECHNOLOGY ICT)
Demographics
The Municipality of Portmore is the English-
speaking Caribbean’s largest middle–income
dormitory community, and a strategic location
for Jamaica’s ICT development. With over 265,000
residents many of whom are tertiary educated;
Portmore offers a large certified workforce and
easy access to first-rate educational institutions.
Accessibility
Portmore is 10 minutes from the nation’s capi-
tal – Kingston and 25 minutes from the Norman
Manley International Airport with excellent road
connectivity and infrastructure for communica-
tion and utilities. It is connected by the Highway
2000 toll road as well as the Mandela Highway.
Portmore’s attractiveness has captured the atten-
tion of outsourcing industry heavy-weights such
as Affiliated Computer Services (ACS), and West
Corporation which facilitate the business process-
ing needs of Fortune 500 clients such as Delta Air-
lines, Xerox Corporation and Proctor and Gamble.
Jamaica’s world class telecommunications in-
frastructure extends to Portmore. The Fibralink
submarine cable network provides enhanced de-
livery of business and broadband traffic. Jamaica
is linked to the Americas Region Caribbean Ring
System (ARCOS-1) submarine cable in the Do-
minican Republic; the link to ARCOS-1 provides
seamless connectivity to US, parts of the Carib-
bean, Central America, and South America. There
are two major broadband carriers which provide
triple redundancy.
Project Concept
Within Portmore, the Government of Jamaica has
earmarked a region called ‘Naggo Head’ for the
purposes of establishing 21 acre Technology Park
which is expected to break ground in early 2011.
The Naggo Head ICT Park is premised on an in-
tegrated ecosystem built on a modular plan from
seeding or staging site. Typical time-to-build is
anywhere between 8 months to 16 months.
The Staging Site
Staging Sites have become a feasibly sound so-
lution, serving as a stop-gap measure for clients
while their decisions surrounding total real estate
requirements are satisfied – custom buildings,
large-scale facility lease, corporate-design fit-
outs etc. Staging Sites are meant to provide cli-
ent organizations with a facility to deploy “plug-
and-play” models with their chosen businesses.
In addition such sites are also aimed at providing
facilities to local entrepreneurs who can leverage
world-class facilities within their constraining cost
structures to provide sourcing services to global
clientele. Typically such sites have the configura-
tion as shown on Figure 1 overleaf. (See Fig. 1)
The Complete Project
● 600,000 square feet hosting
approximately 6,500 seats and up to 12,000
jobs.
● Target rental rates of US$10 per square
foot per annum
● On-site power generation with excess
capacity sold back to the national grid
● Telecommunications providers will
supply last mile connectivity
Infrastructure
● Modular Floor Layout for Office Space
● Scalable office Infrastructure
(28-38,000 Sq. Ft. - Single Floor Plate)
● Earthquake and Hurricane resistant
infrastructure
● Centralized air-conditioning & AHUs
located on each floor
● OFC and Structured Cabling Network.
● Private dedicated power supply [IPP]
● 100% Power Backup Support
● 24 hour uninterrupted water supply
● Large Capacity, High Speed Passenger
and Service Lifts
Amenities
● Security - Access Control and Electronic
Surveillanceww
● Transportation services
NAGGO HEAD ICT PARK
PORTMORE MUNICIPALITY
12. 11
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
● Ample Parking Space.
● Beautifully landscaped area comprising of
manicured lawns and gardens.
Development Incentives
Real Estate/Land
The Jamaican Government has placed the 21 Acres
of land at Naggo Head in a Public-Private partnership
(PPP) vehicle for development. The Urban Renewal Act
and Factory Incentives Act offer attractive tax-free Real
Estate benefits to encourage development.
Free Zone
Park clients who export more than 85% of their
services offshore will benefit from the following:
● No restriction on repatriation of foreign exchange
● Corporate tax exemption on profits in perpetuity
● Import duty exemption on capital equipment
● Reimbursement of VAT on local purchases
Training: The National Training Agency
The HEART Trust/National Training Agency gives tech-
nical support and financing for employment training
through an island-wide network of institutions, and
via on-the-job training/ partnerships with community
organizations. The agency partners with start-up in-
vestors to promote worker training and certification.
It has particular interest in high-skilled jobs where
training leads to certification. The agency offers finan-
cial assistance, usually in partnership with the firm, to
fashion on-the-job and in-plant curricula for compa-
nies creating new jobs. Project support are negotiated
and driven on specific project analysis.The Agency also
helps to recruit and screen applicants and assesses and
certifies on-the-job learners. Limited financial support
offered to firms that pursue accreditation as a training
organization.
Marketing
The Government of Jamaica through its Investment Promo-
tions Agency, Jamaica Trade and Invest/JAMPRO will help
facilitate marketing of the ‘Naggo Head ICT Business Park’ in
conjunction with the Real Estate developer.
Project Costing
Total investment for the completion of the buildings is esti-
mated at approximately US$ 45 million. A measure of US$ 75
is estimated per square foot to build with another US$ 75 per
square foot for fit out.
Infrastructure works investment is projected at approximately
US$ 60 million.
NAGGO HEAD ICT PARK
PORTMORE MUNICIPALITY
INFORMATION COMMUNICATIONS
TECHNOLOGY ICT)
13. 12
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
The Tinson Pen Logistics Center proposes the development of an inter-
national, multi modal logistics and distribution center on 40 hectares of
land, which is currently occupied by the Tinson Pen Aerodrome. The de-
velopment of the Centre will include display areas, administrative
facilities, warehouses and the construction of a new aerodrome and as-
sociated facilities. The services to be provided include inter alia cargo lo-
gistics, warehousing and value added services. Located to the south-east
of Kingston, the property is zoned for industrial purposes and adjoins
the Port of Kingston and the Free Zone company operated by Kingston
Logistics Centre (KLC).
The facilities will consist of:
• showrooms and display pavilions;
• warehouses for value-added and fulfillment services;
• information and trade research center;
• offices (customs, administrative and support services).
Key Highlights
• The estimated value of Investment required is US$400 mn
• A Feasibility Study is currently underway
• The land is owned by the Government of Jamaica
TINSON PEN LOGISTICS CENTRE
DEVELOPMENT
LOCATION: KINGSTON
Navy Island is a small 25 hectare island on the northeast coast of Jamaica
owned by the Port Authority of Jamaica (PAJ/The Authority). PAJ is de-
sirous of developing the property into an upscale resort and ecological
theme park. The property is in close proximity to Port Antonio’s upscale
tourism destinations, as well as the Ken Jones Aerodrome and has two
natural beaches. The Authority, is aggressively seeking a suitable inves-
tor who is willing to purchase or partner with The Authority for the fu-
ture development of the property.
Key Highlights
• There are two natural beaches on the western shore of the island:
Crusoe Beach and the v e r y s e c l u d e d Trembly Knee Beach
• Close proximity to the Errol Flynn Marina, a 32-slip mega -yacht
marina, and the Ken Wright Cruise Terminal
• Access to electricity and water from the mainland
• Highway 2000 connectivity to other premier destinations on the
North Coast
NAVY ISLAND/TITCHFIELD LANDS
LOCATION: PORTLAND
LOGISTICS/TOURISM
14. 13
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
AIR CARGO, LOGISTICS, AVIATION
The re-development of the Vernamfield
property into a major air cargo hub, aircraft
maintenance and aviation training facility, as
well as a local military base, began as a con-
cept almost 20 years ago.
Located in central Jamaica, Vernamfield
comprises 1,773 hectares or 2,900 acres of
land, which makes it larger than Manhattan,
New York.
Current capacity includes a 5,000-foot con-
crete runway. The total development project
is estimated at US$1 billion to design and
construct two parallel 11,000 foot runways
and taxi ways. These rehabilitated runways
will have the capacity to handle the largest
aircraft, including the Antonov AN-124, AN-
225 and the Airbus A-380. The development
includes the construction of Category Five
hurricane-proof aircraft hangers, which will
include offices and warehousing.
Once Vernamfield is developed, it will pro-
vide a new airport for cargo carriers, manu-
facturing and logistics, specifically:
• Air Cargo (centralized sorting and clear-
ance centres)
• Express Courier Cargo Handling Facility
• Fully equipped aerodrome with tele-
communications centre and flexible
runway capacities
• Air/Sea Logistics (distribution centres,
commercial space for trade shows, fire
and rescue station)
• Dry port concept (warehousing facility
for off-site manufacturing and assembly
plants)
• Aircraft maintenance facility
Historically, Vernamfield was the best loca-
tion in the region for the USA’s Intermodal
transportation system, and for the protec-
tion of their merchant fleets.
Its re-development has been the long-nur-
tured brainchild of veteran parliamentarian
and current Minister of Transport and Works,
Mike Henry, who has set out to make the
project a major catalyst for economic devel-
opment in the parish of Clarendon and the
broader central Jamaica region.
Vernamfield
Development Project
Several Incentives will be offered to Investors which
will result in greater levels of profitabiity and ease in
doing business.
These include:
• Industry Incentives Act: If a business in Jamaica
produces an“approved product”that has a supply
market of less than 60% of the demand market,
then it may gain “approved enterprise” status,
which exempts it from the payment of income tax
for a period of time.
• Foreign Sales Corporation (FSC) Act: An FSC is a
foreign corporation that is allowed to earn some
tax exemption on its exports to the U.S. This act
provides relief from the Common External Tariff
and the General Consumption Tax on equipment,
machinery, and materials coming into the coun-
try. In addition, it provides for up to five years of
income tax relief.
• International Financial Companies Act: In an effort
to promote offshore banking facilities, Jamaica
has provided international financicompanies with
income tax relief on both profits and capital gains.
VERNAMFIELD DEVELOPMENT
LOCATION: CLARENDON
15. 14
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
Incentives cont’d
• Shipping Act: Once a company is recognized as an “ap-
proved shipping corporation,” it may receive tax relief and
concessions on import duties for up to 10 years.
• Moratorium on Duties: This is granted to companies that
don’t qualify for existing incentives, yet have the potential
to contribute significantly to foreign exchange earnings
and employment. If the company can prove that it holds
this potential, it may be granted relief from import duties
for up to three years by the Minister of Finance.
• NOTE- Most of these legislations will be reviewed or are in
the process of review to expand the services being offered
as well as to present Jamaica as more in tandem with the
demands of globalization. It will demonstrate Jamaica as
open and ready for robust trade.
VERNAMFIELD DEVELOPMENT PROJECT
AIR CARGO, LOGISTICS, AVIATION
16. 15
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
BACK RIO GRANDE HYDRO SCHEME
LOCATION: PORTLAND
Investment Type: Equity
Description: Construction of 4 hydro –electric schemes with total
capacity of 10mw and annual generation
potential of 32,210 MWH
Stage of Investment
Readiness: Proof of Concept
Value of Investment: US$34 m
Status: Feasibility study completed in December 2009
RENEWABLE ENERGY
GREAT RIVER HYDROPOWER PLANT
LOCATION: GREAT RIVER, ST. JAMES
Investment Type: Equity
Description: Construction of a hydropower plant with total
capacity of 8 mw and annual generation of 38,000 MWH
Stage of Investment
Readiness: Concept developed
Value of Investment: The value of Investment required is to be
determined.
Status: The value of Investment required is to be determined.
LAUGHLANDS HYDROPOWER
LOCATION: GREAT RIVER, ST. ANN
Investment Type: Equity
Description: Construction of a hydropower plant with total
capacity of 2 mw.
Stage of Investment
Readiness: Proof of Concept
Value of Investment: US$6.7 mn
Status: Feasibility study completed in December 2009
17. 16
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
Project Overview
The global offshore financial sector is a $5
to $7 trillion dollar global industry that has
been identified by Jamaica as a key area for
investment stimulation. The establishment
of an offshore International Financial Ser-
vices Centre (IFSC), where relatively large
numbers of financial institutions become
engaged in business primarily with non-resi-
dents, represents a clear opportunity for the
Government of Jamaica to accrue substan-
tial annual recurring revenues from statutory
fees. There are approximately 80 jurisdic-
tions that offer these services worldwide.
Having commissioned a comprehensive
KPMG study of the global IFSC market, Ja-
maica has developed a clear strategy to en-
ter the market with a unique business mod-
el, predicated on its politically independent
structure of Government and stable financial
system.
Investment Opportunity
The establishment of an offshore financial
services centre is a key investment initiative
of the government of Jamaica. The objec-
tive is to leverage Jamaica’s strengths by
entering the market as a Mid-Value Com-
petitor with a carefully planned strategy of
developing into a Centre of Excellence. As
a Mid-Value Competitor, we will develop a
niche market and build our reputation in the
market until we become a global provider of
a highly specialized niche service.
The focus is on the provision of value-added
services, e.g. international holding compa-
nies, trust services, ship and aircraft registry
etc., which are enhanced by critical success
factors such as:
● Jamaica being a signatory to thirteen
double taxation treaties and to a Tax
Information Exchange Agreement
(TIEA) with the United States.
● Strong financial regulatory system and
membership on regional and international
regulatory bodies, including the Caribbean
Financial Action Task Force (CFATF)
● A large cadre of highly trained
English speaking professionals
● World-class telecommunications
● A mature tourism product with
excellent air links
● The capacity to host large meetings in
convention hotels, with more than
20,000 rooms
The vision of the IFSC is that multi-laterals
and other enterprises will find these attributes
attractive, particularly given that Jamaica
could position itself as a pool of relatively low
cost professional resources for international
finance companies seeking to reduce cost.
INTERNATIONAL FINANCIAL SERVICES CENTRE
FINANCE
19. 18
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
AMATERRA
Amaterra Jamaica Limited, a proposed five-star resort and mixed-
use development with a championship golf course and other at-
tractions, is located in the vicinity of Duncans in the parish of Tre-
lawny.
It is situated next door to the site of the exclusive Harmony Cove
development, and will be constructed on 865 acres. The project
is potentially one of Jamaica’s flagship mixed-use developments,
with plans that call for the construction of villas, condominiums and
hotels. Additionally, there is an ideal site for a conference centre
and/or casino with a natural outdoor amphitheatre.
Proposed Features
• 2300 hotel rooms in exclusive five star hotels
• 2000 villas and town-home lots
• Luxury apartments
• Championship Golf Course
• 100-acre Commercial Centre
Key Highlights
• Proximity to Airport - Approximately 30 minutes from
the Sangster International Airport.
• 3.5 km of scenic ocean frontage ranging from white
sand beaches to majestic limestone cliffs.
• Approvals Granted - Subdivision and environmental
approvals have already been secure.
Incentives Available
• The Hotels (Incentives) Act provides income tax
relief and import duty concessions for up to 10
years for approved hotel enterprises, and 15 years
for convention-type hotels with 350 or more bed
rooms.
• The Resort Cottages (Incentives Act) provides
resort cottages with income tax relief for up to seven
(7) years and import duty concessions on imported
building materials and furnishings.
TOURISM
20. 19
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
• The Resort Cottages (Incentives Act) provides
resort cottages with income tax relief for up to
seven (7) years and import duty concessions on
imported building materials and furnishings.
NEGRIL PENINSULA
The Negril Peninsula Resort is a unique concept that
brings together the natural resources of Jamaica with
first class resources in leisure, technology and both
physical and spiritual well-being, to create a vacation
lifestyle experience.
This mixed-use development, to be constructed in four
phases, is consented for 1,202 residential units, three
hotels and a new marina to accept keeled yachts and
medium-sized ocean-going vessels. Additionally, five
new beaches will be created to complete this new
coastal destination.
The coastal shoreline of approximate-
ly one kilometre, which is fronted by the
Caribbean Sea to the south, will also accom-
modate the creation of five new beaches. For
sustainability, a substantial part of the lower ba-
sin has been earmarked for commercial life and
will see the establishment of office buildings,
retail areas, restaurants, sports and leisure
facilities. The development will also include a security
centre and medical facilities, and will be completed in
four phases over a period of five years.
Key Highlights
• Proximity to Airport (Approximately
90 minutes to the Sangster International
Airport in Montego Bay).
• Great sunsets
• Seven miles of white sand beach nearby.
• Idyllic getaway
• Approvals Granted (Resort & Hotel Permits/
licences, Marina and Boat Yard Permit,
Planning Approval etc.)
Incentives Available
• The Hotels (Incentives) Act provides income tax
relief and import duty concessions for up to 10
years for approved hotel enterprises, and 15
years for convention-type hotels with 350 or more
bedrooms.
TOURISM
21. 20
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
GREEN CASTLE ESTATE
LOCATION: ST. MARY
Located on a 1,591 acre of prime real estate property near Annotto Bay (north
coast), 20 miles from Kingston, this project proposes the construction of high end
sustainable, eco-friendly accommodations. Of the 1591 acres, the initial plan indi-
cates construction on only 213-400 acres. The development will create a luxury,
low impact mixed used residential resort that will be environmentally, economi-
cally and socially sustainable.
Main features
• Beach hotel of 200 keys
• Luxury hotel of 150 keys
• Estate residences – 75 lots
• Beach Casitas (15)
• Hillside residences -40 lots
• Equestrian center
Key highlights
• Highway 2000 connectivity
• Close proximity to the Boscobel Aerodrome (St. Ann)
• Beachfront property spanning 2 miles on the coast of the Caribbean Sea
TOURISM
22. 21
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
BARRETT HALL LIFESTYLE VILLAGE
LOCATION: ST. JAMES
Barrett Hall, a 429 acre site located approximately 15 miles from
Montego Bay, Jamaica’s tourism capital, was identified as a well
suited location for a retirement village. The site was chosen for sev-
eral reasons, including:
• Close proximity to the beach front (only 0.25 miles away)
• Nearby health facilities in Montego Bay
• Its gentle sloping view of the Caribbean sea
• The fact that it is only 20 minutes’ drive from Sangster
International Airport – one of the largest and most successful
airports in the Caribbean, with connections to a host of
destinations worldwide.
• Its proximity (5 miles) to the “Elegant Corridor” which hosts
premier resorts such as the Ritz Carlton, Half Moon Club
and Sandals Royal Caribbean
The advantages of investing in this project include:
• Jamaica’s close proximity to Florida, the third most popular
retirement destination in the United States
• The development of a new private hospital, the Hospiten Group,
which operates an international network of private hospitals
located in major cities and tourist towns in countries such
as Spain, the Dominican Republic and Mexico
TOURISM
• Proximity to the North Coast Highway
• Located approximately 15 minutes from recently
modernized Sangster’s International airport
• Proximity to other proposed major developments in the
area including an ultra luxury resort that will offer casino
gaming and is approximately 15 minutes away from the
location of the Lifestyle Village.
The estimated value of Investment required for this
project is US$63.5 mn
23. 22
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
BARNETT TECH PARK
LOCATION: ST. JAMES
Investment Type: Equity
Description: The Barnett Tech Park consists of 10 fully serviced lots within a 46 acre (18.6 Ha) gated
complex in the Fairfield area. The Tech Park is located on the western side of Montego Bay,
approximately 15 minutes from the Sangster International Airport, 5 – 10 minutes from major
hotels, restaurants and other leisure activities. It is approximately 8 – 15 minutes from the
various univer¬sities in St. James.
Stage of Investment
Readiness: Concept developed
Value of Investment: US$1.8 bn
Status: The principals obtained outline development approval from the local authority
INFORMATION COMMUNICATIONS
TECHNOLOGY ICT)
24. 23
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
• The Resort Cottages (Incentives Act) provides
resort cottages with income tax relief for up to
seven (7) years and import duty concessions
on imported building materials and furnishings.
COTTON TREE BAY
Cotton Tree Bay is a short drive away from the casual, laid-
back resort town of Negril, which is famous for its seven-
mile beach strip. The new super highway between Montego
Bay and Negril gives easy access to the property, which
consists of approximately 200 acres. It boasts two miles
of waterfront starting at the eastern point of Green Island
Bay in the parish of Hanover and continuing east along the
northern coastline.
Some grooming and development of these beaches may
be necessary to bring out its optimum pristine beauty. This
desirable location has many possibilities, and it ideally suit-
ed for marina, resort and/or residential development, villas,
hotels, spa facilities, exclusive residential homes and riding
stables.
Its extensive coastline could offer various water sports from
sailing, snorkeling and scuba diving to spear-fishing. The
turquoise water offers local flora, fauna and marine life.
Key Highlights
• Proximity to Airport - Cotton Tree Bay is a
50-minute drive from Montego Bay, but the
Negril Aerodrome has daily flights arriving from
the Sangster International Airport in Montego
Bay, which is 20 minutes in the air in each
direction.
• Great Sunsets
• Beach on property and nearby access to
Negril’s famed seven-mile white sand beach.
• Idyllic and secluded getaway
Incentives Available
• The Hotels (Incentives) Act provides
income tax relief and import duty concessions for up
to 10 years for approved hotel enterprises, and 15
years for convention-type hotels with 350 or more
bedrooms.
TOURISM
25. 24
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
LAUGHLANDS
This property is located in St. Ann, known as Jamaica’s garden parish. It is
immediately off the north coast highway and is 124 acres with sea frontage.
The property sits next door to the Chukka Cove polo grounds and boasts
two main spectacular beach locations.
It is also in close proximity to an air strip for light planes, which can be ac-
cessed by reservation. Laughlands, due to its location and pristine white
sand beach stretches, is well poised for high-end resort development.
Key Highlights
• Proximity to Airport - 1 ½ hrs from Sangster
International Airport
• Approvals Granted - There is an approved
development plan, which includes the construc-
tion of hotels, condominiums or any mixture of
residential uses.
• Extensive beach and cliff frontage
Incentives Available
• The Hotels (Incentives) Act provides income tax relief and
import duty concesions for up to 10 years for approved hotel
enterprises, and 15 years for convention-type hotels with 350 or more
bedrooms.
• The Resort Cottages (Incentives Act) provides resort cottages with
income tax relief for up to seven (7) years and import duty
concessions on imported building materials and furnishings.
TOURISM
26. 25
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
MAHOE BAY
This 38-acre property situated in Mahoe Bay, St. James, is
within a short distance from Sandals Cay, which is owned
by the Sandals Group, and 15 to 20 minutes away from the
Sangster International Airport by car.
Proceeding east to west, the coastline of the first third of
the site is very well protected by a wide coral reef that just
breaks the surface of the sea at roughly 300 feet out. Look-
ing west as the coral reef narrows and provides a natural
opening to the sea, the coastline recedes to form a double,
white sand crescent beach that offers a beautiful beach
front.
Three hotels have been identified for construction on the
property, two of which have been granted preliminary ap-
proval. Due to the proximity of the Sangster International
Airport, the recommended height for development is five
stories.
Key Highlights
• Proximity to Airport – Mahoe Bay is 15 to 20
minutes from the Sangster International Airport.
• Beautiful white sand beach front
• Approvals already granted for time share and
hotel construction.
Incentives Available
• The Hotels (Incentives) Act provides income tax
relief and import duty concessions for up to 10
years for approved hotel enterprises, and 15
years for convention-type hotels with 350 or more
bedrooms.
• The Resort Cottages (Incentives Act) provides
resort cottages with income tax relief for up to
seven (7) years and import duty concessions on
imported building materials and furnishings.
TOURISM
27. 26
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
MOSQUITO COVE
Mosquito Cove, a unique property equi-distant between
Hopewell and Lucea in Hanover, is an ideal property for a
marina and hotel development. The cove is protected by a
reef, but allows easy access to yachts entering the calm,
protected bay.
The 71-acre property is located on the eastern side of the
bay and is north of the highway from Montego Bay, Jamai-
ca’s second city.
South of the highway, approximately 200 acres of land rises
gently and can be developed into a golf course. The west-
ern side of the land is 14 acres and has a small white sand
beach. The owners will sell parts of the property that bear a
number of different land titles.
Key Highlights
• Proximity to Airport – Mosquito Cove is
40 minutes from the Sangster International Airport.
• Beach on property.
• Excellent prospects for marina and hotel
development.
Incentives Available
• The Hotels (Incentives) Act provides income tax
relief and import duty concessions for up to 10
years for approved hotel enterprises, and 15
years for convention-type hotels with 350 or more
bedrooms.
• The Resort Cottages (Incentives Act) provides
resort cottages with income tax relief for up to
seven (7) years and import duty concessions on
imported building materials and furnishings
TOURISM
28. 27
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
SAN SAN
The San San Estate is one of the few remaining pristine
properties in Jamaica where there is an opportunity for high-
end resort development. The property is located in Portland
on the eastern end of the island and sits on a total of 600
luxurious acres. On the property, the scenic San San Bay
consists of 10 acres with unsold villa lots and an 18-hole
golf course. There is a significant portion of the land that is
not yet developed, which offers exciting potential for villas,
a hotel and the maximisation of the golf course.
Key Highlights
• Proximity to Airport - Approximately 2
½ hrs by road or 20 minutes by air to the
Norman Manley International Airport (NMIA)
Incentives Available
The Hotels (Incentives) Act provides income tax relief and
import duty concessions for up to 10 years for approved
hotel enterprises, and 15 years for convention-type hotels
with 350 or more bedrooms.
The Resort Cottages (Incentives Act) provides resort cot-
tages with income tax relief for up to seven (7) years and
import duty concessions on imported building materials and
furnishings.
TOURISM
29. 28
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
WHITE BAY
White Bay, ideally located close to Falmouth, Trelawny on
the north coast of the island, is a superb beach front prop-
erty with access to the new North Coast highway.
Permission for resort development of 30 villas and 40 cot-
tages, or a small hotel with the equivalent rooms has been
granted and could be increased subject to the requisite ap-
provals being granted. Due to the fact that there are no riv-
ers nearby, the water is crystal clear. The topography of the
land allows for villas to be built behind the beach and, as the
land rises, all villas can have a sea view.
The main white sand beach in the western section is ap-
proximately 1,200 feet. The eastern section is roughly 2,000
feet half of which is rocky cliffs. Construction can begin at
White Bay immediately.
Key Highlights
• Proximity to Airport – White Bay is 30 minutes from
the Sangster International Airport.
• Beach on property.
• Approvals granted for resort and small hotel
development.
Incentives Available
• The Hotels (Incentives) Act provides income tax
relief and import duty concessions for up to 10
years for approved hotel enterprises, and 15 years
for convention-type hotels with 350 or more
bedrooms.
• The Resort Cottages (Incentives Act) provides
resort cottages with income tax relief for up to
seven (7) years and import duty concessions on
imported building materials and furnishings.
TOURISM
31. 30
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
NORMAN MANLEY INTERNATIONAL AIRPORT
& SELECT GOJ AERODROMES
LOCATION: KINGSTON
Investment Type: Public Private Partnership
Description: NMIA is a one of two international air
ports in Jamaica. The existing concession
at NMIA is for a period of 30 years commenc-
ing October 2003. The divestment of NMIA
is being packaged to include the expansion
and development of other government owned
aerodromes including Negril, Boscobel, Ken
Jones, Vernamfield and Duckenfield
Stage of Investment
Readiness: Concept developed/ Pre-divestment
and Data Collection
Value of Investment: The value of Investment required is to be
determined.
Status: Technical, Market and Environmental Studies to
be done.
TRANSPORTATION
32. 31
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
MAVIS BANK COFFEE FACTORY LTD. (MBCFL)
LOCATION: MAVIS BANK, ST. ANDREW
The Mavis Bank Coffee Factory, MBCF, is Jamaica’s largest and only fully integrated Jamaica
Blue Mountain® Coffee facility. The factory produces a diverse line of authentic 100% Ja-
maica Blue Mountain coffee sold under the Jablum brand and includes Blue Mountain Cof-
fee (roasted beans), Instant Coffee and Liquid Coffee Beverages. Approximately 1.4 million
pounds of green beans from over 6000 farmers are processed at the factory annually. The
Mavis Bank Coffee Factory Limited has had sales revenue over the last few years ranging
between US$8 million and US$11.6 million per annum.
AGRICULTURE/AGRO-PROCESSING
WALLENFORD COFFEE COMPANY LTD (WCCL)
LOCATIONS: KINGSTON, CLARENDON, ST. CATHERINE,
ST. ANDREW, PORTLAND, ST. ELIZABETH AND ST. CATHERINE
The Wallenford Coffee Company is one of the largest licensed processors and exporters
of Jamaica Blue Mountain Coffee. The company is vertically integrated and is involved in
the purchasing, growing and processing components of the business process. Its Coffee
Farms are located in Kingston, Clarendon, St. Catherine, St. Andrew, Portland, St. Elizabeth
and St. Catherine. The Government of Jamaica is seeking investors who will undertake the
financing, development, operation and management of the WCCL.
The Company has assets valued at over US$20 million and has revenues of over US$7 mil-
lion per annum in recent years.
33. 32
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
THE OCEANA BUILDING
LOCATION: DOWNTOWN, KINGSTON
Investment Type: Equity
Description: The Oceana Building, formerly
a 200 room Oceana Hotel,
comprises of 12 floors located
on the scenic Kingston waterfront.
The building covers 222,129.44 sq. ft.
Stage of Investment
Readiness: The project is ready for investment
Value of Investment: Valuation available
Status: Expressions of interest requirements
include: business plan, physical plan,
financials, and other
REAL ESTATE
THE OFFICE CENTRE BUILDING
LOCATION: DOWNTOWN, KINGSTON
Investment Type: Equity
Description: The Office Centre Building comprises
of 12 floors with office spaces
located on the scenic Kingston
waterfront. The building covers
222,880 sq. ft.
Stage of Investment
Readiness: The project is ready for investment
Value of Investment: Valuation available
Status: Expressions of interest requirements
include: business plan, physical plan,
financials, and other.
34. 33
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
FONT HILL
LOCATION: ST. ELIZABETH
The Font Hill property which comprises 1,054.5 hectares is
located on the south coast of Jamaica, approximately 8 km
west of Black River, in the parish of St. Elizabeth. The property is
owned and operated by the Petroleum Corporation of Jamaica
(PCJ) a statutory corporation and an agency of the Ministry of
Energy and Mining and is being zoned to facilitate development
in the areas of Agriculture, Tourism, Port & Logistics Facilities.
The Font Hill property has a unique and diverse ecosystem in
the wetland area. It is home to several protected, endemic and
rare species of wild life. It boasts a wide variety of endemic bird
species, turtles, crocodiles, indigenous plants and an extensive
mangrove wetland.
The land is constantly being developed by the PCJ. Studies have
been conducted for agriculture fuel wood pilot project, plans
drawn up for forest reserves, wildlife sanctuary and resort/resi-
dential and public beach park.
Land Features
• Pockets of white sand beach
• Approximately 7.5 km of beach frontage
• Limestone hill
TOURISM
35. 34
CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
For further information on these
investment projects, contact:
Claude Duncan
V.P. Investment Promotion
JAMAICA PROMOTIONS CORPORATION
18 Trafalgar Road
Kingston 10, Jamaica
T: 1 876 978-3337 ext. 2201
F: 1 876 978-0140
E: cduncan@jamprocorp.com