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 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
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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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% Space Occupied as of April 2024
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