Jamaica to See Over US$2Bn in New Investments from Spanish Investors in 2024

• On the heels of the most successful participation at FITUR (International Tourism Trade Fair) in Madrid, Minister of Tourism Hon Edmund Bartlett has announced the largest Spanish investment of over US$2Bn.The move will create approximately 19,000 new jobs in construction and tourism services.
• Minister Bartlett and his team concluded negotiations with three major Spanish hoteliers who are now in the advanced stages of development approval in Jamaica for groundbreaking events this year.
• The projects will see luxury rooms in Lucea, Hanover by Grand Palladium; housing units for tourism workers; a Convention Centre; entertainment facilities; and golf courses, among other amenities.
• Bahia Principe near Runaway, Bay St Ann, led by Spain's Pinero family, will have two new luxury hotels and cosmopolitan villas, as well as a residential neighbourhood, fishermen village, PGA golf course, private schools and entertainment, dozens of pools, and walking trails. This development is also expected to employ 12,500 workers. Luxury brand Secrets Resorts will construct several hundred rooms in Richmond St Ann, employing 2000 persons.
• Minister Bartlett met with all the current investors from Spain at the Grand Melia Palacio De Los DUQUES in Madrid, Spain, where these investment projects were presented and confirmed. As the Spanish investors continue to grow their businesses on the island, it will increase the economic benefits for the communities and at the national level.

(Source: JIS News)