Special Economic Zones

Special Economic Zones and Logistics Investment

The PAJ is involved in the development and investment in Special Economic Zones (SEZ) and logistics facilities geared at creating attractive opportunities for local and foreign investors.

Mission

To provide efficient and technologically advanced commercial Information and Commercial Technology (ICT) and industrial facilities and services that globally competitive and satisfying to our customers’ needs, through a sensitive and customer focused staff in a comfortable and productive environment conducive to profitability and growth.

Vision

To be the leading provider of commercial and industrial facilities and services in the Americas

Objectives of the Special Economic Zones

The Special Economic Zones (SEZs) are designated areas within Jamaica where business and trade laws differ from the rest of the country. These zones are established to encourage economic activity by offering more favorable conditions for businesses, such as tax incentives, simplified customs procedures, and reduced regulatory restrictions. The goal is to attract foreign direct investment (FDI), promote exports, create jobs, and stimulate overall economic growth.

Create employment opportunities

Generate foreign currency earnings for the national economy

Create backward linkages with the domestic economy

Generate a profit from operations

Facilitate the transfer of technology, particularly through the enhancement of the productive skills of the workforce employed within the Free Zone

The Evolution of SEZs in Jamaica

The PAJ owns approximately 1.8 million sq. ft. of building space strategically located in major town centers. The properties are managed by PAJ’s three SEZ subsidiaries licensed under the Jamaica Special Economic Zone Act.

The subsidiaries lease the properties to clients who operate in the Business Process Outsourcing (BPO) sector and provide real estate management services to the clients.

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% Space Occupied as of April 2024

The Kingston and Montego Bay Free Zone Montego Bay Free Zone each have warehousing facilities for activities ranging from light electrical assembly, furniture warehousing, manufacturing and production and general logistics use.

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