Jamaica has broken ground on the 58HWT technology park, further accommodating the expansion of its business process outsourcing (BPO) industry.
The new tech park will be comprised of 230,000 square feet of office space, allowing for the creation of 5,000 new jobs in the Caribbean country.
The 58HWT park, estimated to cost US$30 million, is being developed by local realtor Stanley Motta Limited, a subsidiary of the Musson Group. Once built, this will be the largest BPO facility in the English-speaking Caribbean.
Reports suggest that US BPO provider Alorica has already reserved 50,000 square feet of office space in the facility, which is under construction in Half-Way Tree, Kingston.
“The space is predominantly rented to BPO facilities and their support services,” said Jamaican Prime Minister Andrew Holness after breaking ground for the construction.
“If Jamaica is going to continue to be viewed by companies as an ideal place to grow their operations, we must invest in building facilities that meet these companies’ requirements, before they win new accounts,” he continued.
There will also be space allocated for ATMs, banks, clinics, and restaurants.
Some realtors are wary of building tech parks one after another, with some of them warning in 2014 that the BPO infrastructure would go waste if the call center firms leave the island.
Even so, the demand for office has continued unabated. It was widely evident in 2015 when the government vacated its historical Central Sorting Office to free up space for foreign BPO firms.