Cabinet approved tabling of the Jamaica Logistics Hub Initiative (JLHI) Market Analysis and Master Plan in Parliament for adoption.
The implementation strategy for the JLHI Market Analysis and Master Plan was also approved.
That’s according to Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Daryl Vaz.
He made the disclosure while speaking at a plenary session of the Jamaica Investment Forum yesterday at the Montego Bay Convention Centre, in St. James.
Mr. Vaz says the Master Plan specifically details the actions Jamaica will need to take “on several fronts simultaneously”, in order to realise the vision of the Jamaica Logistics Hub Initiative.
This he says entails almost 4,000 hectares of development across the island, with a total investment cost of over USD$28-billion.
He added that this represents a potential to create some $87,000 direct jobs.
The Market Analysis and Master Plan is being advanced by the Jamaica Special Economic Zone Authority in association with the Planning Institute of Jamaica.