Multi million dollar project for Haiti

A United States-based non-profit foundation and a major conglomerate in Haiti have announced plans to establish a multi-million dollar industrial park in the island.



The project comes a few days after former US president Bill Clinton participated in an investors’ conference in the country.



The WIN Group and the New York-headquartered Soros Economic Development Fund are to spend US$45 million on the project.



Managing partner of WIN Group, Youri Mevs says the industrial park, called the West Indies Free Zone, will target local and international manufacturers, as well as warehousing businesses, and offer tax, customs and processing advantages to tenants.



The project is expected to create 25,000 jobs as well as improve the standard of living for the 300,000 residents.