More Than 7,000 Jobs Could Be Created from Development of Commercial Complex at Caymanas Estate

• More than 7,000 jobs could potentially be created from the development of the Raintree Commercial Complex, located just outside Kingston at Caymanas Estate in Ferry Pen, St. Catherine.
• Prime Minister, Dr. the Most Hon. Andrew Holness, on Wednesday (April 16) broke ground and witnessed the contract signing for phase/block one of the project, which forms part of the Caymanas Estate Development Area. Dr. Holness explained that of the total, 2,000 jobs will be created during the construction phase of the project, while over the long term, the complex has the potential to accommodate more than 5,000 permanent jobs.
• He further noted that the Raintree Project is projected to attract capital investments of at least J$3.8Bn in infrastructure and will support long-term private investments exceeding J$15.0Bn. “The over $15 billion of projected private investment on this site, driven by the sale of development lots, will have a multiplier effect, feeding directly into the local economy, creating demand for jobs, services and transportation, and that is how development works best when it generates self-reinforcing cycles of opportunities and progress,” the Prime Minister said.
• The Prime Minister noted that Raintree Commercial Complex is the first phase of a wider transformation of more than 3,400 acres of developable land in the critical area at the crossroads of Kingston, Portmore and Spanish Town.
• Holness also pointed out that the Caymanas Estate Development Block One encompasses 108 acres of subdivided land dedicated to commercial and light industrial development. He added that the space has been zoned, master planned and environmentally assessed to support a new generation of enterprise and employment.

(Source: JIS)