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://www.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
09 February 2023
Travel & Tourism
Dear Tourism Partner, Thank you for your support of the ‘’ and official the launch of the ‘Global Tourism Resilience Day’ slated for Wednesday, February 15, 2023, to Friday, February 17, 2023, at the ...
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...
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...
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...
Sharon Parris Chambers
11 September 2021
Travel & Tourism
Health & Wellness
The Caribbean countries of Barbados, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines have gathered 3,500 kg of medical supplies to be sent to the largest country in the Caribbean, C...
Travel & Tourism
After Hollywood in the USA, Bollywood in Bombay, Nollywood in Nigeria, a new movie city will be created in Zambia, and it will be called Zollywood. The project was initiated by Dr Ngoma, CEO of Nation...
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...
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...
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
09 October 2021
Travel & Tourism
Business
On October 7 and 9, the Prime Minister of the State of the African Diaspora will be invited to the Africa-France Summit to deliver a speech on Restitution. In this area, Dr Louis-Georges Tin and his p...
Travel & Tourism
Health & Wellness
Social Media
The production team of Herbology Meets Rootsology & Queenology returns with an exciting collaboration between the Temple of Inner Peace, founders Sharon and Theo Chambers and ICAN Company, foundin...
Travel & Tourism
Tourism Minister Edmund Bartlett is placing special focus on the world’s most populated country, India, as a country from which to pull visitors in coming years. This is part of a renewed campaign to ...
Social Media
Recently appointed as a Minister of Youth of the State of the African Diaspora (SOAD), Her Excellency Olasubomi Iginla Aina MBE, has just initiated discussions with two former presidents of Nigeria: H...
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...
Sharon Parris Chambers
10 December 2020
Travel & Tourism
Montego Bay, Jamaica. December 09, 2020. Renowned Quantum Transformation Psychologist, Dr Leahcim Semaj, will on December 13, 2020 at 1:00 p.m. close out the last quarter of the year’s programming for...
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 ...
Theo Chambers
23 September 2020
Financial & Fintech
Business
Money management refers to the process of tracking and planning an individual or group’s use of capital. In personal and corporate finance, money management usually includes budgeting, spending, ...
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...
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...
Sharon Parris Chambers
23 December 2021
Travel & Tourism
Mandeville, Jamaica. December 23, 2021.   The announcement of Minister of Tourism, The Honourable Edmund Bartlett, on December 3, 2021 at the 24th session of the United Nations World To...
Health & Wellness
Do you sometimes too often choose to act on the negative thoughts surfing in your mind? You can eliminate Automatic Negative Thoughts (A.N.T.) through Cognitive Behavior Therapy, an effective therapeu...
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
KINGSTON, Jamaica; Monday, April 3, 2022:  Minister of Tourism, Hon. Edmund Bartlett will today (April 3) join government ministers, finance executives and administrators from South Africa, Botsw...
Alethia Campbell
30 June 2022
Travel & Tourism
Business
KINGSTON, Jamaica; June 29, 2022: Minister of Tourism, Hon. Edmund Bartlett has given his support to the High Level Panel for a Sustainable Ocean Economy’s (Ocean Panel) vision of accomplishing a...