As Jamaica steps confidently into 2025, a diverse group of industry leaders have shared their insights and aspirations for the year ahead. Despite facing persistent challenges, they collectively envision a landscape rich with potential, innovation, and growth.
Navigating Challenges with Determination
From the lingering impact of global economic shifts to domestic concerns like crime and infrastructure, the overarching sentiment among these leaders is one of cautious optimism. They acknowledge the hurdles while highlighting the opportunities to foster progress and collaboration across sectors.
Sydney Thwaites, President of JMEA
Thwaites emphasizes the need for stability in macroeconomic factors. “We’ve seen strides in reducing crime and increasing investment,” he said. “The focus now must be on sustainable growth. I look forward to partnering with the government to achieve meaningful economic expansion.”
Tourism: A Pillar of Resilience
Robin Russell, President of the Jamaica Hotel and Tourism Association (JHTA), speaks confidently about the tourism sector’s potential. “With over 3,000 new hotel rooms added in recent years and promising forward bookings, 2025 holds exciting prospects for our industry. We remain committed to strengthening relationships with our international partners and improving Jamaica’s travel advisories.”
Small Business Advocacy
For Garnett Reid, President of the Small Business Association of Jamaica (SBAJ), empowering small enterprises remains a top priority. “Lowering interest rates and improving road infrastructure are essential for our entrepreneurs. Small businesses are the backbone of Jamaica’s economy, and we must ensure they thrive.”
Capital Markets and Investments
Steven Whittingham, Chairman of the Jamaica Stock Exchange, sees 2025 as a year for calculated opportunity. “Price stability and easing interest rates will provide fertile ground for growth in the capital markets. This is the year for bold moves and deliberate actions.”
Export-Led Growth and Innovation
Jampro President Shullette Cox highlights untapped opportunities in exports and tourism diversification. “We aim to open new markets for Jamaican products and services while unlocking high-value outsourcing segments. The contracts under the new film fund will also elevate Jamaica’s global profile.”
Empowering MSMEs
Acting CEO of the JBDC, Harold Davis, has a clear vision for the MSME sector. “By 2026, we aim to digitally upskill 2,700 small and medium enterprises. This year is all about inclusion, innovation, and expanding market access for our entrepreneurs.”
A Focus on Skills and Productivity
Wayne Chen, President of the Jamaica Employers Federation (JEF), underscores the importance of education and skills development. “As technology evolves, our workforce must adapt to global standards. A skilled labor force is key to enhancing productivity and increasing national wealth.”
A Bright Horizon for Real Estate
Newton Johnson, President of the Realtors Association of Jamaica, predicts a dynamic real estate market. “With lower interest rates and increased demand from returning residents, 2025 is poised to be a transformative year for property development.”
From tourism and trade to small business empowerment and capital markets, Jamaica’s leaders are setting the stage for a year of growth and progress. Their visions reflect a shared commitment to addressing challenges and seizing the opportunities that 2025 promises to bring.
