Montego Bay Free Zone to spend $82.6 million on infrastructure works and amenities to woo clients

 


The Montego Bay Free Zone Company (MBFZ) Limited is planning in the 2025 to 2026 fiscal year to pursue capital investments of $82.58 million aimed at improving the Free Zone’s infrastructure and facilities.

Planned capital expenditure includes the fabrication of an external metal staircase for roof access, the construction of a perimeter wall, and the installation of 12 additional solar perimeter lights.

Outlining new measures in the 2025 to 2026 Public Bodies Report, the company says it is also planning to enhance support services and tenant experience by offering a diverse range of amenities, including on-site banking kiosks, convenience store, a gym, and potentially short-term accommodation for tenants.

MBFZ was incorporated under the Companies Act of Jamaica and is owned equally by the Government of Jamaica (GOJ) and the Port Authority of Jamaica (PAJ).

The MBFZ’s main activity is the rental of office and factory space located in the Montego Bay Freeport area. The Company also acts as property manager for buildings comprising 665,000.sq.ft owned by the Factories Corporation of Jamaica Limited (FCJ) located in the Montego Bay Freeport area.

MBFZ projects a net loss of $64.92 million (2024/25: $29.50 million loss). A staff complement of 12 is projected (2024/25: 11).

The MBFZ has played a significant role in the development and expansion of Jamaica’s Information and Communication Technology (ICT) sector primarily the Business Process Outsourcing (BPO) industry.

The Zone has facilitated over 72 per cent of the BPO companies in Jamaica, including both foreign and local investors in operating outsourcing centres.

Management outlined that for 2025/26 the Zone will be rolling out a new brand campaign, aimed at improving the image of the Zone.

They also outlined, “MBFZ will collaborate with local educational institutions and training programs to ensure a skilled workforce, particularly for the BPO and logistics sectors. Additionally, MBFZ will offer workforce development initiatives for tenants and re-open its training facility with a new operator.”

Photograph: adrianoplegroup.com
Caribbean Money Daily

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