Government’s Logistics Hub Initiative Aims To Positon Jamaica As The Fourth Node On The Global Supply Chain
Chairman of the Jamaica Special Economic Zone Authority (JSEZA), Metry Seaga, says the entity is midway through an audit of over 200 free zone companies which are being transitioned to Special Economic Zone (SEZ) status.
Mr. Seaga notes that the transition process, which is being spearheaded by the JSEZA, has an October 2019 completion timeline.
He was addressing journalists at the JSEZA’s offices last week, where details of Chinese entity, Jiuquan Iron and Steel Company’s (JISCO) plans to invest over US$3 billion to develop the Jamaica-Gansu Industrial Park and Special Economic Zone in Nain, St. Elizabeth, where it operates the Alpart alumina refinery, were announced.
Meanwhile, JSEZA Chief Executive Officer (CEO), Dr. Eric Deans, advised that the Authority is actively developing SEZs in 10 parishes.
The SEZs, development of which is being spearheaded by the agency, are deemed pivotal to the Government’s Logistics Hub Initiative (LHI) that aims to positon Jamaica as the fourth node on the global supply chain.
The other facilities are located in Dubai, United Arab Emirates; Rotterdam, Netherlands; and Singapore.
Dr. Deans said the 10 SEZs include the three largest facilities: Jamaica-Gansu Industrial Park and SEZ, and the Caymanas and Vernamfield Aerotropolis SEZs in St. Catherine and Clarendon, respectively. BM