The new Kingston Logistics Park (KLP), according to Prime Minister Andrew Holness, is a significant step toward growing Jamaica’s logistics sector and generating fresh foreign currency that would strengthen the country’s economy and increase its resilience to shocks.
The business process outsourcing (BPO) industry, which continued to generate foreign money even when tourism revenues decreased as a result of the COVID-19 epidemic, was one of the innovative and resilient businesses that the prime minister emphasized. Prime Minister Holness acknowledged this and stated, “Now we’re attempting to establish another business, comparable to BPOs, but it’s a unique industry in logistics. In that regard, this Kingston Logistics Park is a significant step. The space was already occupied, according to the prime minister, and it was well suited as an embryo for foreign businesses looking to establish a shipping base in Jamaica. Notably, the facility features a Border Protection Centre that houses a Ship Security Initiative, a joint effort of the Jamaica System Function (JCA) and the US government.
The job of the agency, which is essential to halting the flow of illegal weapons, undesired substances, and equipment over our ports, will be better accommodated by these contemporary facilities, according to Prime Minister Holness. The Prime Minister was also anxious to emphasize that Jamaica’s location immediately on the East-West Trade Route and its status as the main transshipment port nearest to the Panama Canal made this an excellent investment. The fact that Jamaica has the first and only fully operational Port Community System (PCS) in Latin America and the Caribbean is a huge advantage for trade facilitation, according to Prime Minister Holness.
