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Special Economic Zone expected to attract US$3.1B in investments

New investments in Jamaica, through the Special Economic Zone (SEZ) regime, are projected to exceed US$3.1 billion. 
 
Daryl Vaz, Minister without Portfolio in the Ministry of Economic Growth and Job Creation, said the expanded SEZ space is also projected to increase to 1.5 million square feet.
 
An SEZ creates a specifically delineated location that is governed separately by customs and tax regimes.
 
It is intended to provide incentives and services to encourage investments in Jamaica's logistics-based industries.


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