Prime Minister Andrew Holness is hailing the multibillion-dollar investment by Sagicor Group in the New Brunswick Village in Spanish Town as a signal of confidence in the economy.
He was delivering the keynote address at the official opening of the $6 billion mixed residential and commercial development on Wednesday.
Mr. Holness says persons who have capital to invest are realising that they can do business in Jamaica and they can take risks.
He expressed that when the country’s economy is doing well, people choose Jamaica and make a choice to invest and it’s evident that many more investments like this coming is into areas like Spanish Town.
New Brunswick Village, located on Brunswick Avenue, is set to revitalise the Spanish Town community, providing real estate solutions for businesses and middle-income families.
The blend of commercial and residential spaces includes 70 apartment units and 19 town homes, and 40 commercial units accommodating businesses such as Island Grill and RA Williams Distributors Limited.
The area is poised to become Jamaica’s most vibrant neighbourhood for living and doing business.