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

Continue reading
  14046 Hits

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

Health & Wellness
Herbology meets Rootsology was conceptualised to merge Denise Isis  Miller's  Rootsology program with the Indigenous healing plant culture of Jamaica.  With this in mind, a tour was bor...
Theo Chambers
29 August 2021
Health & Wellness
BY Theo Chambers I have had the opportunity to live a disease-free, sickness-free, headache-free life, for the last 72 years, except for my Quadruple Heart Bypass, which I had in 2015, due to the fact...
Theo Chambers
13 March 2021
Health & Wellness
Social Media
  MONTEGO BAY, JAMAICA- March 12, 2021 – The illustrious Dr. Sherrill Chong, an esteemed researcher in clinical therapy and SOAD Minister of Family & Social Economy will present at the Sistas of D...
Travel & Tourism
Social Media
Toronto, (March 20, 2021). A bronze bust of Marcus Garvey will be installed at the African Union headquarters in Addis Ababa, Ethiopia, by August 17 to mark the 134th birthday of Jamaica's first natio...
Sharon Parris Chambers
06 November 2020
Health & Wellness
Social Media
As I read of the desperate measures being taken by some parents towards ensuring their children are receiving an education during this pandemic. I cannot help thinking that not enough is being done by...
Lou-Anique Hodges
22 June 2022
Health & Wellness
Personal Development
We have all struggled with procrastination in one way or another, whether it is putting off important work or delaying simple tasks around the house. We are all guilty of it, we even try to compensate...
Travel & Tourism
Jamaica is in the process of tourism recovery and is looking to expand its market to include the Asian market. In an exclusive interview with India Outbound at the Arabian Travel Market in Dubai, Edmu...
Britany Forsythe
10 December 2020
Personal Development
The world has changed into a more digitalized era, in which the use of technology has increased. The very mode through which we communicate has also changed and emails have now become increasingly pop...
Lou-Anique Hodges
20 July 2022
Travel & Tourism
Caribbean News
KINGSTON, Jamaica; July 14, 2022: Minister of Tourism, Hon. Edmund Bartlett has announced that Jamaica will host a high-level policy forum of the Organization of American States (OAS) next week to foc...
Health & Wellness
MESSAGE OF THE DAY:🌹✨⭐⚡"I release all toxic relationships and walk into my destiny of limitless potentiality.My transformation is happening now, I see without illusions." (Use as affirmation.)Read pag...
Travel & Tourism
KINGSTON, Jamaica; March 8, 2021: Tourism Minister, Hon. Edmund Bartlett has outlined that the latest initiative by the Tourism Enhancement Fund (TEF), through its Tourism Linkages Network divisi...
Sharon Parris Chambers
26 August 2021
Travel & Tourism
Caribbean News
In the aftermath of the Marcus Garvey Day (August 17), which is now on the State of the African Diaspora (SOAD) official calendar, we would like to thank Ambassador Sharon Parris-Chambers, who organiz...
Guest
28 September 2021
Travel & Tourism
Malik Ambar is credited with the construction of the Janjira fort in the Murud region of present-day india Maharashtra. After its construction in 1567 A.D., the fort was the key to the Siddis resistin...
Theo Chambers
15 August 2021
Technology and AI
Shelly Palmer Sales of NFTs have topped $2.5 billion since January 2021, and more than $2 billion has been invested in the sector this year. Here’s a quick overview of the NFT projects and transaction...
Mark Purai
06 April 2021
Travel & Tourism
Your investment portfolio will experience volatility over time and will have periods of loss, even the most well-allocated portfolio.  The key is to diversify your portfolio with low or non-corre...
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...
Travel & Tourism
Montego Bay, Jamaica. (April 23, 2021) Dub poet extraordinaire, Cherry Natural (AKA Marcia Wedderburn) to drop new single from her latest Album, entitled “Spiritual Mastery” and Elder NswNebKaRa to sp...
Sharon Parris Chambers
18 August 2022
Social Media
Business
Every year, August 17 marks the Marcus Garvey Day, which is one of the national days of the State of the African Diaspora (SOAD). This year, for this special occasion, Dr Julius Garvey, who is Marcus ...
Alethia Campbell
18 June 2022
Social Media
Technology and AI
Marketing & Management Strategies
Almost everyone is supposed to have some knowledge of marketing, whether it be by direct, hands-on experience in studying and practicing the various principles or being a marketing representative or e...
Sharon Parris Chambers
13 October 2021
Travel & Tourism
In our series of letters from African journalists, Elizabeth Ohene looks at plans to build a state-of-the-art complex in Ghana to honour the pioneering US black civil rights activist William Edward Bu...
Theo Chambers
02 March 2021
Personal Development
We live in a world where we are constantly on the go. We are adamant about getting our tasks done as quickly as possible so that we can start the next thing on the list and this becomes an endless cyc...
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...
Lee-Anna Webster
22 November 2021
Travel & Tourism
Investing in customer service is a powerful marketing strategy as loyal customers will help you acquire new customers, free of charge, by convincing prospects to interact with your brand. Their positi...
Travel & Tourism
Business
Germany has agreed to return to Nigeria priceless artefacts that were stolen during the colonisation of Africa. British troops looted thousands of artworks known as the Benin Bronzes from the Kingdom ...