The Urban Development Corporation and the JAMAICA Promotions Corporation (JAMPRO) have formally entered a Memorandum of Understanding (MOU) that will be in place until March 31, 2021.
The two Government agencies have agreed to work together towards “mutually identified programmes, investment promotions and initiatives towards, inter alias and the facilitation of business development opportunities in Jamaica.” Both parties will work to promote and facilitate foreign and direct investment in key priority areas, to stimulate economic growth and job creation.
Key projects have already been identified as areas for collaboration between UDC and JAMPRO. They include marketing of eco-development projects including Goat Islands Wildlife Sanctuary and Two Sisters Cave, support with the marketing of all UDC land divestment and development Requests for Proposals (RFPs) and other commercial and investment opportunities.
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