Jamaicans may soon be able to get cars at significantly lower prices.
This, as negotiations are reportedly far advanced with a motor vehicle manufacturer, which plans to set up operations in one of Jamaica’s six Special Economic Zones, SEZs.
That’s according to Chairman of the Special Economic Zone Authority, Metry Seaga, who was speaking recently on the JIS-produced show “Issues and Answers”.
Mr. Seaga indicated that the operations will mainly entail assembly.
He says some of the vehicles are already in Jamaica.
The Special Economic Zones Act, which came into force on August 1 last year, gives incentives to attract foreign and domestic investors to the zones.