Jamaica’s strategy is based on a logistics-centric model similar to Dubai and Singapore and relies on value-added logistics services using sea-sea, sea-air and air-air connectivity for its success. Logistics service providers offer quick order turnaround taking advantage of near shore regional distribution nodes. The logistics clusters will generate substantial cargo flows of raw materials, intermediate and finished goods and utilize supporting multi-modal infrastructure.
Improved transport and logistics services can initiate a virtuous cycle, leading to increased trade, which in turn encourages investment in better transport and other logistics services.
Jamaica’s logistics hub will expand the local cargo base with more industries, shippers and 3PLs operating from inland SEZs. The prospect of expansive special economic zones will make Jamaica’s ports more attractive and has triggered port and airport capacity enhancements. Expansion of Jamaican airports into air cargo hubs has economic impacts on the seaports as well.
The Benefits and Incentives of Doing Business in Jamaica