Investors to be wooed at Jampro’s investors conference in Montego Bay this month-end

Durrant Pate/Contributor

With its prime geographical location, investor-friendly business environment and a multitude of other competitive advantages, Jamaica is packaged and marketed as a very attractive investment destination with now being the right time to invest.

Jamaica’s investment and promotions agency, Jampro is highlighting that the island is ripe for investment given the approval of a National Investment Policy that delivers a raft of initiatives that make it easier for both Jamaicans and foreigners to invest in the island. In addition, ministries and associated agencies are being positioned to provide greater assistance to investors throughout the investment process.

Thanks to a partnership with the Inter-American Development Bank (IDB), Jamaica is also expanding its global services sector and encouraging investment in Agribusiness, Energy, Film/Animation/Music, Global Digital Services, Logistics and Infrastructure, Manufacturing, Mining, and Tourism. As a result, Jamaica is experiencing a strong economic rebound from the pandemic with a number of attractive investment opportunities in traditional areas as well as in new and emerging areas.

Jampro is seeking to up the ante of its marketing and promotion of Jamaica through its upcoming investment conference, dubbed, Invest Jamaica 2022, which will be held in Montego Bay, St James, from November 29 to November 30 under the theme, ‘Jamaica – the Nearshore Delivery Hub of the Caribbean’.

Big attendance expected

Organisers say the conference will be a big one, drawing more than 400 specially invited global investors, stakeholders and senior business executives. Prospective investors will learn about Jamaica’s investment potential, sector-based opportunities and competitive advantages through panel discussions, targeted sector presentations, networking opportunities, and site visits.

Prime Minister Andrew Holness is upbeat about Jamaica’s investment prospects, saying that “there has never been a more exciting time to invest in Jamaica. The Government of Jamaica continues to steadfastly pursue a transformative, equitable and sustainable development model that prioritises macro-fiscal stability and the ease of doing business”.

Referring to the upcoming Jampro conference, Senator Aubyn Hill, minister of industry, investment and commerce, advised that “we are inviting investors from across the world to invest in Jamaica and be a part of this exciting period of innovation, transformation, and economic growth”.

Added Hill: “Invest Jamaica 2022 is one of the many initiatives of the government that communicates our commitment to the development, investment, and growth of a more sustainable Jamaican economy and business environment.”

For his part, Tariq Alli, IDB Caribbean general manager and Jamaica country representative, made the point that “Jamaica is rising as a leading Caribbean investment destination with its stable macro-economic outlook, growing sectors like logistics and outsourcing, and a favourable business environment”.

He added: “The Invest Jamaica conference provides an opportunity for investors to see these positives firsthand and learn why the island is the place to do business, while engaging the local business community.”