Saudi Arabia explores investment opportunities in Jamaica.

6 Prime Minister Andrew Holness (left), makes a point of interest to H.E. Badr Al Badr (second right), deputy minister for investors outreach – Kingdom of Saudi Arabia while looking on are (from second left) Alok Jain, chairman of Port Authority of Jamaica; Edmund Bartlett, minister of tourism and Senator Aubyn Hill, minister of industry, investment and commerce

The Kingdom of Saudi Arabia is one of the world's top twenty largest economies. They have a G.D.P of Eight Hundred billion US dollars, which makes the country always open to investment opportunities. On Friday, July 8, 2022, Saudi Arabia Deputy Minister of Investors Outreach H.E. BADR Al BADR led a small delegation on a special visit to Jamaica, after his trip from the Dominican Republic to discuss investment prospects in Jamaica. He stated that the Caribbean has become a priority zone for investments and business partnerships for Saudi Arabia and Jamaica as the third-largest economy put them on the top of the list. 

He was among an eight-member delegation of government representatives and investors from Saudi Arabia that came to Jamaica on Friday. The visit comes a day after the Saudi-Carib investor's forum in the Dominican Republic.  Edmund Bartlett, Jamaica's Minister of Tourism, states that the visit comes as a result of two and half years of discussion with the kingdom of Arabia. The Prime Minister of Jamaica posits that Jamaica is placed to receive a ray of investment. The contingent is particularly interested in tourism, business processing outsourcing, technology, and warehousing.  H.E. BADR Al BADR also stated that they are looking for attractive incentives. He pointed to the concession that they receive in other countries for twenty and thirty years. If they could get like fifty years in Jamaica, it would open other opportunities like access to skilled laborers and health care workers for Jamaica. The government also stated that they will be seeking out other investment opportunities despite the threat of a global recession.  

Source: T.V.J News

Picture source: The Gleaner 

The Benefits of Castor oil
Saudi Arabia explores investment opportunities in ...
 

By accepting you will be accessing a service provided by a third-party external to https://caribnewsroom.com/

Subscribe

Latest Bloggers

Alethia Campbell
11 posts
Alethia Campbell is a second-year Integrated Ma...
Lou-Anique Hodges
10 posts
Lou-Anique Hodges is a 2nd year Integrated Mark...
Lee-Anna Webster
6 posts
Lee-Anna Webster has not set their biography yet
Kristen Francis
5 posts
Kristen Francis has not set their biography yet
Mark Purai
10 posts
Mark Purai has not set their biography yet

Calendar

Wait a minute, while we are rendering the calendar

Random Post

Sharon Parris Chambers
10 November 2020
Travel & Tourism
KINGSTON, Jamaica; November 06, 2020: Tourism Minister, Hon. Edmund Bartlett, says the COVID-19 pandemic has highlighted the need for global policymakers to implement a more empathetic leadership styl...
Alethia Campbell
28 June 2022
Social Media
Caribbean News
“One love, one heart, Let’s get together and feel alright” From the country that the “no problem, mon” motto has sprouted from, seems to alight frequent and senseless crimes, especially murders. The m...
Mark Purai
18 April 2021
Travel & Tourism
As properties get increasingly scarce in prime areas, they are increasingly in demand by developers. The most common transaction between the landowner and developer is for the developer to purchase th...
Sharon Parris Chambers
04 December 2021
Travel & Tourism
KINGSTON, Jamaica; December 3, 2021: Tourism Minister, Hon Edmund Bartlett has emphasised that Jamaica is restructuring the tourism industry to ensure that more of the earnings from the sector go...
Diana McIntyre Pike
04 September 2020
Travel & Tourism
Business
Diana McIntyre-Pike, President/Founder, Countrystyle Community Tourism Network/Villages as Businesses and President, International Institute For Peace Through Tourism (IIPT) Caribbean Chapter & Co...
Travel & Tourism
KINGSTON, Jamaica; July 28, 2020:  Tourism Minister Hon. Edmund Bartlett says Small and Medium Tourism Enterprises (SMTEs), have a key role to play in reviving the economy, in the aftermath of th...
Theo Chambers
11 September 2020
Health & Wellness
Most, if not all individuals are familiar with Shea Butter, but the Shea nut Oil is not as popular, this very versatile aromatherapy oil is a marvel, it has all the benefits of Shea Butter in oil form...
Sharon Parris Chambers
08 August 2021
Travel & Tourism
MONTEGO BAY, Jamaica. Thursday, August 5th, 2021- Sistas of D Ankh & Ma’at Sisterhood Circle celebrates their one-year anniversary with a special program titled “Drums of Alkebulan” via Zoom on Au...
Travel & Tourism
Social Media
Sistas of D Ankh and Ma’at Sisterhood Circle welcome Winston Wellington, Chairman of Negril Education Environment Trust, ( NEET) and Jean Brown, Master Teacher, to Child’s Month Program. The event is ...
Alethia Campbell
06 July 2022
Travel & Tourism
WESTERN BUREAU: Jamaica seems set to equal its 2019 tourist arrival figures, with June and July giving strong indications of what Minister of Tourism Edmund Bartlett has tagged as a “strong recovery”....
Theo Chambers
02 October 2020
Health & Wellness
Personal Development
 Stress is a natural part of our daily lives, once you have to make a decision, some level of stress is felt, whether it's deciding what to wear to work, what to eat, what mode of transport to ta...
Theo Chambers
19 July 2020
Business
By Shelly Palmer I happened upon a relatively new employee dragging emails from his inbox into folders. I asked why and was told, “I’m just answering emails and getting stuff off my desk.” An empty in...
Sharon Parris Chambers
18 October 2020
Travel & Tourism
Kingston, 17 October 2020 – The Minister of Culture, Gender Entertainment and Sport, the Honourable Olivia Grange, has announced that the Reggae legend, Toots Hibbert, will be laid to rest in National...
Sharon Parris Chambers
01 February 2021
Travel & Tourism
On January 19, 2021 Tourism Minister, Edmund Bartlett announced his  heartfelt congratulations to renowned hotelier, Adam Stewart, on his appointment as Executive Chairman of Sandals Resorts...
Kristen Francis
16 November 2021
Financial & Fintech
Business
Technology and AI
Marketing & Management Strategies
Informational/educational and those that tried to replicate a tradeshow floor with virtual exhibitors are the two categories that virtual corporate events have fallen into during the pandemic. Of the ...
Britany Forsythe
26 February 2021
Travel & Tourism
Health & Wellness
Thank you Minister Ed Bartlett for your advocacy for more vaccines to under- served communities such as those in the Caribbean, based on your research.My question is : Can WELLNESS Solutions as a Life...
Nordia Panther
18 March 2021
Financial & Fintech
Wednesday, March 17, 2021 (Montego Bay, Jamaica, W.I.)  The State of the African Diaspora (SOAD) held its first Jamaica Virtual Press Conference on March 11, 2021. The conference explored ‘Everything ...
Theo Chambers
02 April 2021
Travel & Tourism
Barbados will accept the pass on flights from London starting on April 16th.  After successfully trialing it on an international flight between Singapore and London earlier this month, ...
Mark Purai
03 May 2021
Travel & Tourism
          Multi-family Homes Provides Good Entry Into Real Estate Investing.   There are many reasons why buying a multi-family homes makes sense. Purchased properly, the...
Lou-Anique Hodges
20 July 2022
Travel & Tourism
Caribbean News
  The Prime Minister of the State of the African Diaspora has been invited to Benin by President Patrice Talon for the inauguration of an exhibition linking the treasures of the past with the wor...
Mark Purai
11 May 2021
Travel & Tourism
         You Should Invest In .... Food Wholesale/Distributor Business   Recession-Proof Pandemic Proof   Retail has had a few rough years. Retail was already experi...
Theo Chambers
15 April 2021
Caribbean News
By Savanna Berhmann - USA Today WASHINGTON – Legislation to create a commission to study slavery reparations for Black Americans cleared a House committee Wednesday in a historic vote&n...
Travel & Tourism
GaaMaa Gloria Simms and Mama Fyah, are two spiritual stalwarts in the Maroon and Rastafarian community. Gamaa Gloria commemorated the 8th Anniversary of Gaamaa Enstoolment, Wedneday, June 22, 2022, As...
Sharon Parris Chambers
04 August 2020
Health & Wellness
Minister of Tourism, Edmund Bartlett, says he is pleased with the level of compliance of tourism operations in Westmoreland with the protocols put in place by the Government to prevent the spread of t...