THE BUILDING and Construction sector is one of the most vibrant in the Jamaican economy, making a significant contribution of almost 8 per percent to the nation's Gross Domestic Product (GDP) and employing over 88,000 persons, 9.3 per cent of the labour force, making it one of the largest employers in Jamaica.

"The construction industry has played a vital role in Jamaica's development, particularly through its continuous support of the economic priorities of the nation. From the Bauxite boom of the sixties to the expansion of agriculture, manufacturing, tourism and information technology of the new millennium, the industry has provided the infrastructure necessary to enable the development of these and all other sectors of the economy and the society in general", stated Mr. Don Mullings, President of the Incorporated Masterbuilders Association of Jamaica (IMAJ).

IMPROVING COMPETITIVENESS

He further commented "As Jamaica strives to improve competitiveness, economic opportunities, and to create a better life for its people, the industry is once again required to provide the infrastructure that will enable success of the other sectors. The Highway 2000 project illustrates the high level of commitment industry players have made over the years and continue to make through its unique and tangible contribution by way of constructing buildings, bridges, roads and other monumental structures." Mr. Reynold Scott, Executive Chairman of Geon Construction, who recently gave remarks on behalf of the over 30 sponsors at the launch of the IMAJ's Educational Assistance Programme, enthusiastically declared "I am pleased to be a participant in this significant scholarship and funding programme for tertiary and technical education ­ sponsored by the members of the IMAJ.

SIGNAL PROJECT

We all know that "success is nothing without a successor", since there is no continuity ­ and this is the signal project of the IMAJ and its members, that it intends to ensure continuity, and to ensure that a cadre of persons are trained who will be capable of succeeding us. We believe that over the years to come, these scholarships and grants will be increased to ensure that our future successors will be given the opportunity they need to develop the Construction Industry, and the nation, from generation to generation."

The importance of the industry is reflected in the over 350 companies involved despite the difficult period of the 90's when the financial crisis almost crippled the industry having brought it to its knees. The industry has rebounded and has enjoyed positive growth in the last 3 years with excellent prospects for most of the next 5 years. To benefit from an anticipated boom in the sector, its leaders (private & public) must position it to take full advantage of the potential opportunities.

Back to Business

Go-Jamaica | Jamaica Star | Go-Local Jamaica | Sports Jamaica | Letters to the Editor