Project Opportunities In Jamaica

59 Pages·2016·3.32 MB·English

by  Carlos Applewhaite

Project Opportunities
In
Jamaica

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LOGISTICS & INFRASTRUCTURE
Industrial Park
Location: Kingston

There are approximately 80 hectares of land conveniently located in close proximity to
Kingston Container Terminal (KCT) that are eminently suitable for providing a wide
range of logistics activities for both the local and offshore markets. In total, this includes
existing free zone sites, adjoining underutilized aerodrome, and unused terminal
expansion lands. Together, these could be combined to develop and support on or near
port logistics activities. This is in keeping with modern ports, in particular transshipment
ports having evolved to include, logistics facilities and industrial parks or near-port
facilities to enable a wide range of value-added services to be performed.
FACILITIES TO BE DEVELOPED WILL INCLUDE:
 Warehousing, display, pick and pack, reconsolidation and distribution of cargo
 Sophisticated assembling, postponement, customization
 Light to advanced manufacturing
 Marine services, ship repair, dry docking, ship supplies (chandlery)
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A Preliminary feasibility study on a 10-acre phased development indicated:
 The logistics activities will in their own right generate incremental cargo
throughput over the port in the region of 40,000-50,000 TEUs/per annum in
cargo volumes within three years.
 Increased employment, based on the type of value added activities undertaken,
could result in new jobs in the region of 2,400-3,000.
 Local business and firms will be provided the opportunity to transition to (a)
special economic zone (b) in many cases partner with international firms to
provide value-added services (c) access new technology and knowledge transfer.
 Stimulate business activities in the port ecosystem with spill over in the wider
economy.
 Facilities will utilise environmentally friendly technology – renewable energy
solar panels as part of the buildings and energy efficient building technology.
These are expected to reduce the carbon footprint while reducing the cost of
energy.

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LOGISTICS & INFRASTRUCTURE
Caymanas Logistics Centre – North Mandela Park
Location: St. Catherine

The North Mandela Park, part of the proposed Caymanas Economic Zone provides the
opportunity for the development of a 200 acres mixed use logistics zone and is located
at the convergence of three major highways, connecting the capital city, Kingston.
PROJECT FEATURES:
 This Greenfield investment opportunity is part of the wider Caymanas Logistics
Centre development seeking to attract eco-friendly business activity in light
manufacturing and assembly, warehouses, ICT/BPO and other related facilities.
 Excellent road infrastructure which can support the warehousing and
transportation industry.
 Stable telecommunications grid (the Digicel Telecommunications Earth Tower)
ensures high value added projects can be undertaken within a global focus, along
with BPO facilities.
 Available labour is abundant due to the site’s proximity to the Caribbean’s
largest suburban community, Portmore (182,000 residents) and the capital
Kingston.
The investment modality is a Public-Private-Partnership.
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AGRICULTURE
Agro Parks

The Agro Park concept promotes intensive and targeted agricultural production in
specific defined spaces utilizing optimum and efficient practices to yield product outputs,
integrating all facets of the agricultural value chain from pre-production to production,
post-harvesting and marketing. Products selected for production will have a high income
potential due to high quality and outstanding flavour, such as the Jamaican Ginger,
Jamaica’s Agro Parks’ initiative was implemented in 2012 out of the need to increase
agricultural production and improve the quality of produce for the domestic and
international markets. In 2015 over 3.5 million kilogrammes of produce were reaped
from the nine (9) Agro Parks established across the island. An additional twenty- one
Agro Parks are to be established over the next three years as the government has
identified 20,000 hectares for development.
KEY HIGHLIGHTS:
 20,000 ha of land to be brought into production
 Potential for high yield production
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 Capacity utilization support
The Agro Investment Corporation is leasing lands in the Agro Parks for crop and
livestock production.

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AGRICULTURE
Minard Estate
Location: St. Ann

The Minard Estate cattle breeding station sits on over 1,600 acres of land just north of
the town centre of Brown’s Town in St. Ann in northern Jamaica. Owned and operated
by the Agro-Investment Corporation, the estate has been in operation for decades and
has all the facilities needed for production of quality beef stock and cattle breeding. At
present, the estate utilizes a little over 750 acres for pastures with the remainder in
ruminate and fallow lands.
PROJECT CONCEPT:
The specific objective of this project is to refurbish 100 acres of pastures over a 24
month period. In the long term the project is seeking to increase the key performance
indicators of weaner weight for female and male weaners respectively and to recover
over 600 acres of pastures over a seven year development period.
PROJECT FETAURES
 One thousand six-hundred acres with a base herd of 763 heads of beef cattle
 Currently 1,003 acres can easily be converted or maintained as pastures.
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KEY HIGHLIGHTS:
 Average sale of 273.43 animals per annum
 Expand the total herd to 1,429 by PY7
 Average annual net profits of J$5.24M
The Minard Estate is for sale.

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INFORMATION AND COMMUNICATIONS TECHNOLOGY
Port Authority of Jamaica

The Port Authority of Jamaica is entering the BPO sector through provision of property
for lease, specifically geared to the requirements of this sector.
The PAJ has existing space of 700,000 sq. ft. across the island in close proximity to large
talent pools. A major incentive is that these spaces and are located within the Montego
Bay Free Zone (MBZ), the Kingston Free Zone (KFZ), the Jamaica International Free
Zone (JIFZ) and the Portmore Informatics Park (PIP). The PAJ has three pipeline
projects to increase its offerings by over 2 million square feet.
PROJECT FEATURES:
 Montego Bay
o March 2017
o 63,000 sq. ft. of new space
o BPO incubator
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o On Site Customs and Training School
 Portmore Informatics Park
o September 2017
o 150,000 sq. ft. of new space
o Fully integrated facilities with health services, gym and parking
 Falmouth
o Concept stage (2019/2020)
o Greenfield project
o Approximately 2 million square feet
The PAJ is offering a plug-and-play lease on the completed projects.

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