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Haiti - Economy : Hillary Clinton speaks of Haiti to more than 350 high-level investors 27/04/2012 11:56:50
During this important Forum, Hillary Clinton, speaking of Haiti declared " [...] look at northern Haiti. With its proximity to the U.S. market, the area has great potential to be a regional manufacturing hub. But for decades, despite interest, there was a lack of industrial facilities, limited electric supply, inadequate ports, which all held back private investment [...] So last year, working with the Government of Haiti and the Inter-American Development Bank, the State Department facilitated a $500 million public-private partnership with the leading Korean garment manufacturer Sae-A. This partnership will develop a globally competitive industrial park in northern Haiti, one of the largest in the Caribbean. It will include an onsite power plant, a waste water treatment facility, and executive residences. Sae-A has projected that it will create 20,000 jobs [in the short term] and they will be investing more than $70 million in northern Haiti. The region will continue to benefit from ongoing investments in housing and health clinics, a new container port, and electrification projects for the towns surrounding the industrial park. Sae-A began moving into the first two new 100,000 square feet factory buildings this week, and we expect other tenants to follow later in the year..." HL/ HaitiLibre
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