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The Chinese company, Jiuquan Iron and Steel (Group) Company Limited (JISCO) is looking at possible joint venture Jamaican partners for Chinese companies that will be investing in the Industrial Park and Special Economic Zone (SEZ) in Nain, St. Elizabeth.

The project comprises an already approved US$3 billion investment by JISCO in expanding their refinery and post operations and a projected US$3 billion dollar development in the Industrial Park and SEZ.

Speaking with JIS News, at the 46th staging of Expo Jamaica at the National Indoor Sports Centre on April 20, Minister without Portfolio in the Office of the Prime Minister, the Hon. Michael Henry said the investment will present numerous opportunities for the local manufacturing sector.

“Here is an opportunity for (JISCO) to look at where we are as a country, where the opportunities exist and where we recognize that our market is the world. Come and look at what exists, come and meet the businesses that are here,” he said.

“It is also an opportunity to encourage Jamaican businesses to equally see what are the opportunities, and how you can expand and whether you want to relocate to an industrial park, an SEZ and how that…helps your growth and development,” he added.

While at the Expo, Minister Henry, along with Chairman of JISCO, Chen Chunming; Project Manager, Li Fang; and Assistant Managing Director, Sun Jing, toured several booths.

Expo Jamaica is being held at the National Arena and the National Indoor Sports Centre from April 19 to 22.

Under the theme: ‘Advancing Breakthroughs’, the expo is being hosted by the newly formed Jamaica Manufacturers and Exporters Association, in collaboration with JAMPRO.