Jamaica will invest an additional US$50 million into the development of the Port of Kingston as it positions itself to be a key stakeholder in the global supply chain.

Prime Minister Andrew Holness says this will supplement the US$400 million already invested in the port expansion, as the country moves to become the logistics hub of the Americas.

It will facilitate warehousing, distribution, e-commerce, e- and supply chains analytics.

He emphasized that development will continue as it maximizes its human resources and geographic advantages to support international trade.

Mr Holness adds that in addition to the port works, there has been the major development of the Caymanas Special Economic Zone, a 700-acre site strategically located near the Port of Kingston.

The ground breaking is expected in the first quarter of the fiscal year.