X

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
  2805 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

Theo Chambers
14 April 2021
Travel & Tourism
Health & Wellness
Caribbean News
Que Pasa con el Caribe y Africa? By Felipe Noguera, Deputy Coordinator of the Caribbean Regional Coordinating Committee of the Pan Africanist and Indigenous Movement. "Love gives and forgives. Selfish...
Sharon Parris Chambers
03 October 2020
Travel & Tourism
Reader, who was elected during the associations' 59th annual general meeting, succeeded Omar Robinson, who served in the capacity for the last four years. “I must extend my heartiest congrat...
Sharon Parris Chambers
14 August 2022
Business
A new study by the Center for Global Development (CGD) and the Inter-American Development Bank (IDB) finds that many companies in the Caribbean survived the pandemic by slashing investment. However, t...
Lou-Anique Hodges
18 July 2022
Health & Wellness
Ricinus Communis popularly known as castor oil is one of the world's oldest and most valuable herbal remedies. The oil has been around for centuries and has been used by ancient civilizations to impro...
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...
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...
Theo Chambers
17 July 2020
Travel & Tourism
Source: Travel Weekly American and JetBlue will form a robust partnership centered upon the New York area and Boston, part of both carriers' strategy to accelerate their recovery from the Covid-19 cri...
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...
CaribNewsroom
10 April 2021
Travel & Tourism
The beautiful island nation of Xaymaca - present day Jamaica - is famous for producing pioneering and notable world figures who have initiated and contributed immensely to many fields of human endeavo...
Sharon Parris Chambers
11 October 2021
Social Media
Business
Joe & Angella Whitter Foundation is helping to fulfill the dreams of young men and women with vision through its mandate of providing scholarship to assist tertiary level students enrolled in sele...
Sharon Parris Chambers
08 January 2021
Travel & Tourism
As I confront the sadness of the loss, I recognize the great memories and contribution he has made to me, and my journey in Community Tourism. I met Butch upon his entry into the tourism industry and ...
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...
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 ...
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...
Social Media
The 25th May, 2022 marked World Africa Day 10th Year anniversary of the Heads of State and Government, Representatives of the AU, the West Indies, Latin and South America and varied represen...
Theo Chambers
14 May 2022
Travel & Tourism
Newsletters
THEOism is a lifestyle that welcomes open conversations where the art of Critical Thinking and democratic debates is the core mission.  It Is Better To Debate A Question Without Settling It Then ...
Theo Chambers
18 March 2021
Financial & Fintech
  MONTEGO BAY, JAMAICA- March 18, 2021- A virtual press conference, which was facilitated by members of the State of the Africa Diaspora (SOAD) and the Economic Community of the Sixth Region (ECO-6) w...
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...
Alethia Campbell
27 June 2022
Travel & Tourism
The first scheduled commercial flight into Ian Fleming International Airport since its renovation in 2011 was welcomed yesterday by an official delegation. As the destination’s tourism sector con...
Britany Forsythe
10 December 2020
Travel & Tourism
KINGSTON, Jamaica; December 09, 2020: Tourism Minister, Edmund Bartlett has been selected to chair a high-level Organization of American States (OAS) Working Group, which has been charged with th...
Theo Chambers
03 September 2020
Personal Development
Do you know what you want to be or to do when you grow up?!!! “Umm, yes, no, I want to do a lot of things, I want to do everything as long as it makes me happy!” If you find yourself being uncertain o...
Theo Chambers
12 May 2021
Travel & Tourism
The fuel shortage we were afraid of has arrived well ahead of schedule and leaving parts of the East Coast running on empty.  CNN NEWS  Several gas stations along the East Coast ran out...
Theo Chambers
15 April 2021
Financial & Fintech
Business
By Shelly Palmer As of this writing, Coinbase's market cap exceeds $86 billion. (I won't weigh in on the Wall Street aspects of this direct listing on Nasdaq; you can find that info online.) Quick fac...
Mark Purai
24 July 2021
Travel & Tourism
  By: LALAINE C. DELMENDO | January 27, 2021 Global Property Guide     Jamaica’s housing market remains buoyant, despite a struggling economy caused by the COVID-19 pandemic.&...