Business View Caribbean | March 2020

10 BUSINESS VIEW CARIBBEAN MARCH 2020 business. That is not the case in Jamaica,” he said. “Once you are in, you are solid. You are on a very solid institutional foundation.” Tourism Minister, Edmund Bartlett, said the investment represents a new chapter for St. Ann’s tourism output to the overall economy. Additionally, he pointed out that revenue to be generated will enable a wide range of economic activities to take place, providing the basis of “prosperity which is the mantra of this Government. So, we are excited about the partnership and I want to say to you that this is a very important moment that you are showing confidence in destination Jamaica. It’s an important moment too, when you are saying to the world, given the current situation that we are facing, tourism is still the energizer of economic activities globally,” he said. The Minister noted that this development forms part of Jamaica’s overall goal of 15,000 new rooms in the next three to five years. Chief Sales and Marketing Officer at Karisma Hotels & Resorts, Armando Chomat, lauded the Jamaican Government and its agencies for working with the group to make Sugarcane Bay Jamaica a reality. Investors now know that investing in Jamaica is a profitable business