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FCJ FEATURE |

29

SUNDAY, OCTOBER 15, 2017

P

OLICY DIRECTIVE now points the Factories

Corporation of Jamaica (FCJ) to the

development of new facilities. FCJ of today is

one of the drivers of the Government of Jamaica’s

economic growth and job-creation agenda by

providing real estate solutions for a variety of

industries.

The policy has been enlarged to include the

disposal of underperforming assets and to channel

funds garnered from this into the expansion of new

facilities. The development of three such properties

– the Morant Bay Urban Centre, the Naggo Head

Technology Park, and the Garmex Freezone and

Industrial Estate – will begin by the end of 2017.

MORANT BAY URBAN CENTRE:

The old Goodyear Factory in Morant Bay, St

Thomas, is to be converted into the Morant Bay Urban

Centre, an integrated light-manufacturing, industrial,

commercial and retail complex that will see the

amalgamation of the essential services provided by the

Government supported by additional services offered by

the private sector.

The 365,000 square foot Morant Bay Urban Centre,

being described as a one-stop shop, will house the St

Thomas Municipal Corporation, supported by a town hall

and a conference centre. There will also be an area

known as Justice Square, which will incorporate services

offered by the Government, including a courthouse for

the Family Court and the Parish Court. Included in the

Urban Centre will be financial institutions, a library, a

medical centre, a wellness centre, a daycare, space for a

tertiary institution, a food court, shopping facilities, a

purpose, built manufacturing and industrial space for

small, medium, and large enterprises, as well as space for

business process outsourcing (BPO).

In announcing the development in June 2017, Prime

Minister Andrew Holness described it as a game changer.

Since the announcement of the Morant Bay Urban

Centre development, Factories Corporation of Jamaica

has held at least 15 stakeholders meeting involving

representatives from the public and private sectors as well

as representatives from educational institutions and other

stakeholder groups.

The development has been getting positive feedback,

with a number of entities formally indicating their interest

in acquiring space in the Urban Centre.

FCJ FUTURE

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F TURE