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Jamaica: US$1B FOR CAYMANAS – Americans Earmarking Big Bucks To Invest, Says Tapia

Outgoing United States Ambassador to Jamaica Donald Tapia says American investors are eyeing a US$1 billion investment at Caymanas in St Catherine.

In an exit interview yesterday, Tapia said that two American billionaires are involved in what he described as a “deep dive”. The men – one from Texas and the other from Arizona – are said to be looking at the area in Caymanas to determine the type of investment to pursue.

He told The Gleaner that about six weeks ago, the prospective investors held a meeting with Jamaican government officials to discuss their plans.

Tapia said that there are hundreds of acres of land that is open for industrial development at Caymanas.

“They are now looking at the property to be able to come and make a proposal to the Government.”

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