Jamaica:Jamaica: A Regional Manufacturing and A Regional Manufacturing and
Logistics HubLogistics Hub
Sancia Bennett-Templer4th Annual UK-Jamaica Investment Forum
March 29, 2012
Global Manufacturing & Logistics
The global manufacturing industry accounts for approx. 16.6% of world GDP (2010 est.)
It is estimated that the global logistics market will reach a value of US$4 trillion by 2013
Retail logistics services dominate the global logistics market with 63.9% of the market's value
The Americas accounts for 35.2% of the global logistics market's value
• Jamaican manufacturing sector accounts for approx. 8.3% of the country’s GDP
• The sector employs just over 74,000 (up from 69,400 in 2004) or 6.8% of the total labour force
• Between January and November 2011 total merchandise exports grew by 2.7 per cent or US$1.6 million to US$62.6 million.
• Food, Beverages & Tobacco category is the most dominant sub-sector
• Export of “Food”, grew by US$2.2 million to US$18.9 million from the the same 2010 review period, while “Beverages and Tobacco” increased by US$2.5 million to US$6.6 million.
Jamaica’s Manufacturing Sector
Why Jamaica for Manufacturing & Logistics?
Location•Suitably placed along the North-South trading lines within the Americas as well as East-West trade.• Capacity weakness of other
ports along the Eastern Seaboard to handle super tankers (up to 13,000 TEUs) to be facilitated by the expansion of the Panama Canal
• Jamaica’s well-developed and established cargo networks
Why Jamaica? (2) State-of-the-art port facilities
Port of Kingston: 37th most connected container port in the world
16th most centrally located container port in the world
4th “best-connected port of the 180 within the region
Strong telecommunications infrastructure
Large pool of English-speaking skilled and trainable labourers
Development of Jamaica as an International Business Centre
Why Jamaica?(3)• Trade Agreements– CARICOM: Caribbean Common Market – provides
duty-free access to Caribbean member-states, as well as a number of other countries that have bi-lateral agreements with CARICOM
– Caribbean Basin Initiative: allows for over 90% of Jamaicans exports to enter the US market duty-free either
– EC-CARIFORUM Economic Partnership Agreement: Allows for duty free, quota-free access of most Jamaican products to the EU.
Major Manufacturing & Logistics Brands
Opportunities for Manufacturing
• Light manufacturing identified for development and promotion – other sub-sectors being assessed
• Focus on agro-processing – adding to the local value chain and building Brand Jamaica
• JAMPRO is currently seeking to identify imports, which can be locally produced in large volumes
Major Opportunity in Logistics – the International Multimodal Centre
What is the Jamaica’sInternational Multimodal Centre?
Part of GoJ’s push to further develop the country as a major manufacturing hub
Project concept incorporates several discrete logistics to offer multiple modalities in order to position Jamaica as the logistics hub of the region
Spans the southeast coast of the island
International Multimodal Centre
JAMAICA RAIL JAMAICA RAIL NETWORKNETWORK
PORT OF PORT OF KINGSTONKINGSTON
Caymanas Economic Zone (CEZ) 1500 acres of prime real estate Situated at the confluence of
the major population centres of Kingston, Spanish Town and Portmore
Intelligent self-contained city based on work-play-live concept
Modern shipping and trans-shipment services located within close proximity to Port
Dedicated transportation hubs and other support services
Vernamfield Aerodrome & Cargo Facility
Located in central Jamaica, Vernamfield comprises 2,900 acres of land
This multi-modal hub will comprise:⁻ Air Cargo (centralized sorting and
clearance centres)⁻ Express Courier Cargo Handling Facility⁻ Fully equipped aerodrome with
telecommunications centre and flexible runway capacities
⁻ Air/Sea Logistics (distribution centres, commercial space for trade shows, fire and rescue station)
⁻ Dry port concept (warehousing facility for off-site manufacturing and assembly plants)
⁻ Aircraft maintenance facility
Jackson Bay Dry Dock Facility Located on Jamaica’s South
Coast Proposed services to be
offered by the Dry Dock: Ship rehabilitation & refurbishing
Specialised marine Water supply and waste
management Service and maintenance repairs Refueling ship-to-ship
To meet increasing service needs of international shipping industry
Cow Bay Port Development Proposed logistics and transship hub will accommodate
vessels larger than Panamax size. Water at Cow Bay is deepest in the Americas. Facility at the conceptual stage; will require extensive
development. Proposed development
will include:– 26,000,000 barrel crude
and product storage– Gas storage– Blending & transshipment
terminal– 16 berths/docking facilities
Cow Bay Port Development
Port of Kingston Major transshipment point within the Western
Hemisphere KCT rated in the top 100 among the world's
leading ports. Current annual capacity of 2.2 million TEUs.
Planned Expansion of KCT– Additional equipment to boost activities,
e.g. reefer plugsDevelopment of Fort Augusta Container Terminal
To be developed to expand capacity to meet market demand for port facilities in the region, esp. in light of an expanded Panama CanalTo provide additional berthing of 1,500 metres, and develop 173 acres of yard space and value-added logistics capabilities.
Planned expansion will increase current capacity from 2.2 to 3.2 million TEUs
Jamaica Rail Network Freight from Port of
Kingston to multimodal hubs (i.e. Caymanas, Vernamfield, Jackson Bay and Cow Bay)
Transportation of cargo to and from other facilities within the International Multimodal Centre
• Transportation of aggregates from mines to various port facilities in Jamaica
Next Steps International Multimodal Centre
Completion of feasibility studies Continued expansion of the Port of
Kingston Commence elements of the Caymanas
Economic Zone Development of PPP structure
Seek private partners for project implementation
JAMPRO: What We Do– Investment facilitation/implementation
• Provision of investment opportunities/profiles• Identification of land and factory space• Assistance with Procedures, incentives and
approvals• High level access to government ministries and
agencies– Trade Promotion and Business Development
• Market access and market penetration services • Trade Show participation• Business Matchmaking Services/Linkages events• Enterprise Development
THANK YOUTHANK YOU
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