The Planning Institute of Jamaica (PIOJ) is expecting major investments from the logistics hub to boost economic growth to the range of two to three percent over the next few years.
PIOJ Director General, Dr. Wayne Henry says the government of Singapore will provide technical assistance during the implementation phase of the logistics hub.
Singapore is one of the world’s major logistics hubs.
Dr. Henry says eight economic zones are expected to come online, bringing USD$9-billion in investments. He says several free zones will transition to special economic zones for further economic growth.
Dr. Henry also outlined several major infrastructural projects to further boost growth.