Professional Documents
Culture Documents
Investment Opportunities
www.tradeandinvestjamaica.org
CREATIVE INDUSTRIES
JAMAICA
WHY JAMAICA?
INVESTMENT OPPORTUNITIES
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CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
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CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
ABOUT JAMAICA
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.
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CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
ABOUT JAMAICA
JAMAICA’S INFRASTRUCTURE FOR FOREIGN
DIRECT INVESTMENTS
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CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
ABOUT JAMAICA
AIR TRAVEL
HIGHWAY 2000
Highway 2000
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CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
The investment projects in this portfolio are managed/facilitated by the following government agencies:
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
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JAMAICA
INVESTMENT OPPORTUNITIES
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CREATIVE INDUSTRIES
JAMAICA MANUFACTURING/ICT
INVESTMENT OPPORTUNITIES
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CREATIVE INDUSTRIES
JAMAICA MANUFACTURING/ICT
INVESTMENT OPPORTUNITIES
• Multi-Cuisine Food Courts, Banks and ATM’s, Retail Outlets, Busines Center, etc. training/ partnerships with community organizations. The
agency partners with start-up investors to promote worker
• Ample Parking Space. training and certification with focus on high-skilled jobs
where training leads to certification.
• Beautifully landscaped area comprising of manicured lawns and gardens.
Project Costing:
Project Phasing:
Total investment for completion of buildings estimated at
• Phase 1: Infrastructure works
approximately US$ 90 million. Typical cost to build a facility
• Phase 2: Staging Site
is estimated at US$75 per square foot with an additional
• Phase 3: Support facilities
US$75 per square foot for fit-out. Investment for infrastruc-
• Phase 4: Modular build-out based on client commitments
tural works is a projected US$120 million. Target rental rates:
Subdivision Plan with splinter titling, building specifications and ownership options: US$10 per square foot per annum. Typical time-to-build is
8 - 16 months.
• 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
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CREATIVE INDUSTRIES
JAMAICA INFORMATION COMMUNICATIONS
INVESTMENT OPPORTUNITIES TECHNOLOGY ICT)
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CREATIVE INDUSTRIES
JAMAICA INFORMATION COMMUNICATIONS
TECHNOLOGY ICT)
INVESTMENT OPPORTUNITIES
Development Incentives
Real Estate/Land
Free Zone
Marketing
Park clients who export more than 85% of their
services offshore will benefit from the following: The Government of Jamaica through its Investment Promo-
tions Agency, Jamaica Trade and Invest/JAMPRO will help
● No restriction on repatriation of foreign exchange facilitate marketing of the ‘Naggo Head ICT Business Park’ in
conjunction with the Real Estate developer.
● Corporate tax exemption on profits in perpetuity
Project Costing
● Import duty exemption on capital equipment
● Reimbursement of VAT on local purchases Total investment for the completion of the buildings is esti-
mated at approximately US$ 45 million. A measure of US$ 75
Training: The National Training Agency is estimated per square foot to build with another US$ 75 per
square foot for fit out.
The HEART Trust/National Training Agency gives tech- Infrastructure works investment is projected at approximately
nical support and financing for employment training US$ 60 million.
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.
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CREATIVE INDUSTRIES
JAMAICA LOGISTICS/TOURISM
INVESTMENT OPPORTUNITIES
Key Highlights
• The estimated value of Investment required is US$400 mn
• A Feasibility Study is currently underway
Navy Island is a small 25 hectare island on the northeast coast of Jamaica
• The land is owned by the Government 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
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CREATIVE INDUSTRIES
Vernamfield
JAMAICA
Development Project
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CREATIVE INDUSTRIES
JAMAICA AIR CARGO, LOGISTICS, AVIATION
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.
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CREATIVE INDUSTRIES
JAMAICA RENEWABLE ENERGY
INVESTMENT OPPORTUNITIES
Stage of Investment
Readiness: Proof of Concept
Stage of Investment
Readiness: Concept developed
LAUGHLANDS HYDROPOWER
LOCATION: GREAT RIVER, ST. ANN
Stage of Investment
Readiness: Proof of Concept
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CREATIVE INDUSTRIES
JAMAICA FINANCE
INVESTMENT OPPORTUNITIES
● World-class telecommunications
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JAMAICA
INVESTMENT OPPORTUNITIES
PRIVATE PROJECTS
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CREATIVE INDUSTRIES
JAMAICA TOURISM
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.
Proposed Features
Key Highlights
Incentives Available
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CREATIVE INDUSTRIES
JAMAICA TOURISM
INVESTMENT OPPORTUNITIES
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.
Incentives Available
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CREATIVE INDUSTRIES
JAMAICA TOURISM
INVESTMENT OPPORTUNITIES
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
Key highlights
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CREATIVE INDUSTRIES
JAMAICA TOURISM
INVESTMENT OPPORTUNITIES
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CREATIVE INDUSTRIES
JAMAICA INFORMATION COMMUNICATIONS
TECHNOLOGY ICT)
INVESTMENT OPPORTUNITIES
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
Status: The principals obtained outline development approval from the local authority
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CREATIVE INDUSTRIES
JAMAICA TOURISM
INVESTMENT OPPORTUNITIES
Key Highlights
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.
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CREATIVE INDUSTRIES
JAMAICA TOURISM
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
Incentives Available
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CREATIVE INDUSTRIES
JAMAICA TOURISM
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.
Key Highlights
Incentives Available
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CREATIVE INDUSTRIES
JAMAICA TOURISM
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.
Key Highlights
Incentives Available
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CREATIVE INDUSTRIES
JAMAICA TOURISM
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
Incentives Available
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CREATIVE INDUSTRIES
JAMAICA TOURISM
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.
Key Highlights
Incentives Available
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JAMAICA
INVESTMENT OPPORTUNITIES
DIVESTMENT PROJECTS
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CREATIVE INDUSTRIES
JAMAICA TRANSPORTATION
INVESTMENT OPPORTUNITIES
Stage of Investment
Readiness: Concept developed/ Pre-divestment
and Data Collection
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CREATIVE INDUSTRIES
JAMAICA AGRICULTURE/AGRO-PROCESSING
INVESTMENT OPPORTUNITIES
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
The Company has assets valued at over US$20 million and has revenues of over US$7 mil-
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
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CREATIVE INDUSTRIES
JAMAICA REAL ESTATE
INVESTMENT OPPORTUNITIES
Stage of Investment
Readiness: The project is ready for investment
Stage of Investment
Readiness: The project is ready for investment
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CREATIVE INDUSTRIES
JAMAICA TOURISM
INVESTMENT OPPORTUNITIES
FONT HILL
LOCATION: ST. ELIZABETH
Land Features
• Limestone hill
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CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
18 Trafalgar Road
Kingston 10, Jamaica
T: 1 876 978-3337 ext. 2201
F: 1 876 978-0140
E: cduncan@jamprocorp.com
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CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
NOTES
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CREATIVE INDUSTRIES
JAMAICA
INVESTMENT OPPORTUNITIES
NOTES
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HEAD OFFICE
18 Trafalgar Road
Kingston 10, Jamaica W.I.
Phone: +1 876 978 7755; 978-3337
Toll Free: +1 877 INVESTJA (468 4352)
Fax: +1 876 946 0090
email: info@jamprocorp.com
LONDON OFFICE
JAMPRO / Jamaica Trade Commission
1 Prince Consort Road,
London SW7 2BZ, England
Phone: + 44 20 7 584 8894
Fax: + 44 20 7 823 9886
email: jamprouk@jamprocorp.com