Business View Caribbean - December 2015 17
cans, and Jamaican companies can benefit from the
investments that are taking place,” he said.
In October, the international hotel chain, Karisma
Hotels and Resorts, announced an investment of
over US$900 million to add some 4,000 more hotel
rooms over the next decade.
By December 2015, some 2,694 new rooms will
come on stream, as a result of upgrading and ex-
pansion of existing properties, as well as construc-
tion of new hotels, from an investment of US$500
million.
The Tourism Minister said with the jobs flowing, his
ministry is working with agencies such as the Hous-
ing Agency of Jamaica (HAJ) and the National Hous-
ing Trust (NHT), to “ensure that the housing for the
workers is all put in place.”
Investor with Ocean by H10 Hotels, Carlos Moleon,
credited the measures being undertaken by the
government, which have made the country attrac-
tive for business. He said the administration is doing
a “great job with their reform towards bringing in
foreign investors. That is why H10 has decided to
invest in Jamaica.”
For his part, chairman of the JTB, Dennis Morrison,
said the agency will ensure that subsectors such as
manufacturing and agriculture can seize opportuni-
ties from the investments. “The agriculture sector
will feel the impact of that and we are coordinating
the efforts, so that investors in the economy, such
as furniture manufacturers, can benefit fully,” he
pointed out.
