First Look

Minister Hylton's tour of Factories Corporation of Jamaica



Jamaica Information Service | 2012-01-13 15:23:00

Newly-appointed Minister of Industry, Investment and Commerce, Anthony Hylton has indicated that he intends to support the Caymanas Economic Zone Project as this project is geared towards creating jobs.  Its strategic location will allow it to draw on the labour force from Kingston, Portmore, Spanish Town and other adjoining areas. 

This was stated by the Minister while on a tour of the Factories Corporation of Jamaica (FCJ) on Thursday, January 12, where he met with the staff and was briefed on the critical issues facing the agency, which falls under the Ministry of Industry, Investment and Commerce.
 
Minister Hylton also spoke to the setting up a base of the Ministry in Montego Bay, where Minister of State, Mrs. Sharon Ffolkes-Abrahams, will interact with the business community and oversee operations in the western region.
 
Managing director of the FCJ, Horace Sutherland gave a summary of projects in which the agency is involved and is poised for implementation.  These include the Caymanas Economic Zone (CEZ) which is a part of the wider Caymanas Development Plan which is under the responsibility of the UDC.  Mr. Sutherland indicated that investor interest in the CEZ Project has been and remains high.
 
Mr. Sutherland also indicated that plans are also underway for the expansion of the ICT sector through the construction of one hundred thousand square feet of office space at Naggo Head, St. Catherine.   He went on to say that the development of these two major projects will be partly financed by a $1.2 billion loan, which is already being approved by the Ministry of Finance and Planning
 
The FCJ managing director also said that further development of space for the sector is now being looked at through the development of a document to seek private sector involvement in the creation of a Technology Park also at Naggo Head.  This is being developed in collaboration with JAMPRO and a document seeking proposals for this undertaking is now nearing completion.  He also said that a number of FCJ properties are now being sold, seven of which are now awaiting Cabinet approval. 



Posted By :Veronica Campbell

Company Name : Jamaica Information Service

Website :

Company Address :


More press release from Jamaica Information Service