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
  2791 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

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 ...
Health & Wellness
Caribbean News
Personal Development
FOR IMMEDIATE RELEASE All Roads Lead to Mt. Kailash Rejuvenation Center in St Lucia Montego Bay, Jamaica July19, 2022. Rastafari from around the world will converge on Mt. Kailash Rejuvenation Center ...
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...
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...
Sharon Parris Chambers
14 November 2021
Travel & Tourism
Editor’s Remarks: “Congratulations to Jamaica’s Tourism Minister, Edmund Bartlett, Ministry of Tourism and its team for another Big Win for BRAND Jamaica. May God bless our sterling efforts and may 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 ...
Sharon Parris Chambers
29 January 2022
Travel & Tourism
KINGSTON, Jamaica; January 28, 2021:  Tourism Minister, Hon. Edmund Bartlett, is encouraging members of the Diaspora to invest in the local tourism sector, which continues to drive Jamaica's...
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...
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...
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...
Travel & Tourism
MANDEVILLE, Manchester, Jamaica, Sunday, July 19, 2020: Minister of Tourism, Hon Edmund Bartlett, has warned that tourism entities that fail to comply with health and safety protocols designed to...
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...
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...
Social Media
SOAD-Emergency Response System, Panama, March 25, 2022. The State of the African Diaspora (SOAD) Emergency Response System (ERS), has answered the call to rescue and evacuate African students and thei...
Sharon Parris Chambers
08 January 2021
Travel & Tourism
KINGSTON, Jamaica; January 05, 2021:  “Butch was truly an icon and innovator, philanthropist and perhaps the greatest marketer tourism has ever seen. Sandals is indeed the largest ...
Social Media
March 24, 2021. Montego Bay, Jamaica, W.I.  Keynote speakers Angella Whitter and Paula Hurlock are slated to speak at the Sistas of D Ankh and Ma’at Sisterhood Circle on March 28, 2021 as the fin...
Theo Chambers
23 September 2020
Travel & Tourism
The Hon. Edmund Bartlett today was welcomed to the International Tourism Hall of Heroes recognizing his wide-ranging expertise and accomplishments in the political arena. Honorable Edmund Bartlett has...
Sharon Parris Chambers
05 August 2022
Travel & Tourism
The Jah Jah Nyahbinghi Initiative and Conference is being held in collaboration with Mt Kailash Rejuvenation. The conference theme is Justice and Healing or Justice and Heaping (Jah Jah N I). The...
Business
© AfreePress- (Lomé, April 8, 2021) -Give Africa back its place in the concert of nations, work to restore the image of Africa's lost identity and create a synergy of action and ideas from the African...
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...
Sharon Parris Chambers
04 August 2021
Travel & Tourism
The death of respected academic Runoko Rashidi was announced late last night by his friends and family. He passed away while on a research trip to Egypt on 2 August. Messages of love, support and reme...
Travel & Tourism
OCHO RIOS, St. Ann, Jamaica; Monday, July 27, 2020: Employees of some of Jamaica’s leading tourist attractions have expressed gratitude to be able to return to work and told Tourism Minister Hon Edmun...
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...