Minister promotes Jamaica’s hub initiative in Dubai

By Admin Wednesday April 10 2013 in Caribbean
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DUBAI: Jamaica’s Minister of Industry, Investment and Commerce, Anthony Hylton and his delegation of public and private sector officials recently discussed the possibility of collaborating on his nation’s logistics hub project with Khamis Juma Buamim, chairman of Drydocks World and Maritime World (DDWMW) in Dubai, United Arab Emirates (UAE).

 

The Jamaica Logistics Hub Project seeks to position Jamaica as a global asset and the fourth node in the global logistics supply network, joining the UAE, Panama, Singapore and the Netherlands.

 

Drydocks World, the leading shipyard in the Middle East engaged in ship repair, conversion, new building and offshore construction, hosted Hylton and his team last week and presented an overview of the company and its strategy for growth. The ministerial delegation was taken on a tour of Drydocks World and Dubai Maritime City to view the operations and projects currently underway.

 

“We are delighted to receive the minister and showcase the role played by us in the development of the maritime, ship and drilling rig repairs and offshore fabrication including the oil, gas and energy sectors in the region and globally,” said Buamim. “We are open to cooperation and the exchange of ideas and knowledge to achieve mutually beneficial goals and for the larger objective of the development of all maritime industry sectors. Such cooperation fits in perfectly with our identified strategic spheres to drive the future growth of DDWMW.”

 

The ministerial mission to Kuwait and Dubai, which concluded last week, was held to engage potential partners and investors, primarily in the logistics sector. Several meetings were held with key industry leaders in the aviation industry and wider private sector, as well as with representatives from sovereign wealth funds who are open to making sustainable investments in projects such as Jamaica’s Logistics Hub initiative.

 

Hylton and his delegation also hope to strengthen commercial and industrial relations between Jamaica and the Gulf States.

 

The mission constituted a part of Jamaica’s benchmarking process, following up on previous visits to Panama and Singapore – countries with similar geo-economic status as Jamaica.

 

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