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INVESTMENT OPPORTUNITIES MAIN AREA OF FOCUS AT DIASPORA CONFERENCE

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KINGSTON, Jan. 13 (JIS): Investment opportunities in Jamaica will be the main area of focus, when the sixth biennial Jamaica Diaspora Conference is held at the Montego Bay Convention Centre, in St. James, from June 13 to 18.

State Minister for Foreign Affairs and Foreign Trade, Hon. Arnaldo Brown, said this emphasis will be a continuation of activities initially undertaken at the 2013 conference, and is in response to concerns which have been raised by persons in the Diaspora, mainly the United States, Canada, and United Kingdom, about the seeming lack of information about opportunities available to them.

Speaking at Monday’s (January 12) launch of the revamped Jamaica Association for the Resettlement of Returning Residents (JARRR) website, at the Jamaica Conference Centre, in downtown Kingston, Mr. Brown said based on discussions with persons residing in the three largest Diaspora communities, some have indicated that “they are not hearing about the investment opportunities in Jamaica…while others are saying that they are not hearing about the investment opportunities in (good) time.”

“This indicates that there is significant interest among Jamaicans (overseas) to invest in Jamaica…and their interest is welcome and ought to be facilitated. It is one of the reasons why we felt that the best place to begin to have a deeper dialogue about investment opportunities is in the context of the biennial conference,” the State Minister added.

Mr. Brown, who has responsibility for Diaspora Affairs, said it is against this background that the Government, through the Foreign Affairs and Foreign Trade Ministry, will partner with several private sector entities to stage the six-day conference.

These include: Jamaica National Building Society (JNBS), Victoria Mutual Building Society (VMBS), GraceKennedy Limited, and J. Wray & Nephew Limited.

The State Minister said these companies have “built out their network based on Diaspora engagement and locations.”

“This demonstrates the importance of members of the Jamaican community who live outside of Jamaica. We believe that they should have an opportunity to take full advantage of the many and varied investment products that are available in the country,” Mr. Brown emphasised.

Citing the success of the 2013 conference, the State Minister pointed out that the marketplace concept that was introduced at that conference, which facilitated networking among Jamaican businesses operating locally and overseas, will be expanded, adding that the concept has been fruitful.

“So, this year we are going to have (among our partners) the Jamaica Exporters’ Association (JEA), Jamaica Manufacturers’ Association (JMA), Jamaica Agricultural Society (JAS), Agro Investment Corporation (AIC), and the Jamaica Stock Exchange (JSE) and, of course, Jamaica Promotions Corporation (JAMPRO) will be there with a one stop shop facility, where you can get everything you need done right there, and in (good) time,” he added.

The revamped website of the JARRR will cater to returning residents, other persons in the Diaspora, businesses and
other stakeholders, by providing direct linkages on products and services offered locally.
The site can be accessed at: www.ja-rrr.com.

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InvestTCI facilitates the Development Agreement Between TCIG and Molo Hotel Group 

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Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.

Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.

Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.

Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.

Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.

Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.

The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.

Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”

He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”

Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”

The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion

Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.

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Crime

Male Charged with Robbery

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#TurksandCaicos, May 13, 2024 – Detectives of the Serious Crime Unit of the Royal Turks and Caicos Islands Police Force have charged a man who allegedly stole a vehicle.

The accused, DANVANTE  BRISCO, 30,  of  Kew Town, Providenciales, was charged with:

  • One Count: Robbery
  • One Count: Taking Motor Vehicle Without Authority
  • One Count: Using Offensive Weapon to cause fear

Mr. BRISCO appeared in court today (May 13 ) and was granted bail of $7500.00 with one surety.

The matter was adjourned to July 05 for a Sufficiency Hearing.

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Crime

Dock Yard Male Charged  

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#TurksandCaicos, May 13, 2024 – A 20-year-old Dock Yard male appeared in court today (May 13th) charged with a series of firearm-related offences.

The accused, JAMES SIMON, was denied bail and remanded into custody pending a Sufficiency Hearing scheduled for July 05th, 2024.

Mr. SIMON faces the following charges: 

  • One Count: Robbery;
  • One Count: Gang Membership
  • One Count: Possession of a Firearm for the Benefit of a Gang
  • One Count: Possession of Ammunition for the Benefit of a Gang.

The charges against Mr. Simon followed investigations by officers of the Royal Turks and Caicos Islands Police Force into a robbery at the parking lot of a Casino where three males robbed a victim.

Additionally, Mr. Simon is charged with the following offences, having been arrested on May 02nd, 2024, along South Dock Road.

  • One Count: Possession of a Firearm
  • One Count: Possession of Ammunition
  • One Count: Unlawful Entry

Officers also charged a teenage minor who was in the company of  Mr. Simon on May 02nd with One Count of UNLAWFUL ENTRY. 

The accused, seventeen and from Kew Town, Providenciales, pleaded guilty and will be sentenced on May 20th.

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