Jamaica is best place in region to do business, PM tells investors

Prime Minister Portia Simpson Miller

 

 

ST JAMES, Jamaica - Prime Minister Portia Simpson Miller today assured foreign investors that Jamaica is the best place to do business in the Caribbean as the country is open for business on a global scale.

"Opportunities are plenty. Investor confidence is high! Now is the time to invest in Jamaica" she told the audience at opening ceremony of the Jamaica Investment Forum 2015 being held at the Montego Bay Convention Centre.

"Our goal is to facilitate win-win investments that will bring you a good rate of return, and also create the jobs we desire for our people," she said.

While Simpson Miller encouraged investment in established sectors, she encouraged investors to explore business opportunities in non-traditional areas.

"I feel compelled to share with you lucrative possibilities in non-traditional areas such as Jamaica's emerging Nutraceuticals Industry," she said.

According to the Prime Minister, "in 2011, Foreign Direct Investment inflows into Jamaica had fallen dangerously low to US$211 million dollars on account of the global recession. By 2013, FDI inflows into the island had more than doubled to US$561 million dollars".

She said that there is room for more investment in Jamaica's economy as the upward moving trend continues.

The three-day forum is Jamaica's international investment and business conference. It is slated to end on Thursday.

Source: 
http://www.jamaicaobserver.com/news/Jamaica-is-best-place-in-region-to-do-business--PM-tell-investors
Published Date: 
Wednesday, March 11, 2015