Spanish investors to help Jamaica
Published:Friday | December 5, 2008 | 2:25 PM
The Prime Minister said Spanish investments in Jamaica will help the country during what he calls this difficult economic period.
According to him, the Spanish Investment projects are valuable contribution to Jamaica’s development.
Mr. Golding is urged more Spanish investors to come to Jamaica.
He said many industries like tourism, manufacturing and agriculture are under great economic stress.
Mr. Golding said they have called for government intervention.
He said the Cabinet is considering a number of initiatives to sustain these critical sectors, which will be announced shortly.
He was speaking in Montego Bay St James last evening at a ceremony to commemorate the construction of two upscale resorts.
The Secrets St James and Secrets Wild Orchid are project of Seawind Key Investments.
The resorts are being erected on the peninsula of the Montego Freeport in Montego Bay.
They comprise two 350-suites and represent total investments of US$185 million.
The Spanish investors and the National Commercial Bank are providing the money for the projects.