US$28-m PriceSmart opens in St James

IRONSHORE, St James — Wednesday’s much-anticipated opening of the US$28-million PriceSmart in this western parish has been hailed by Rodrigo Calva, the company’s Executive Vice President of Real Estate, as the fulfilment of a broader investment strategy in Jamaica.

“This new club, our third one in Jamaica, represents an investment of more than US$28 million and is part of our larger commitment to invest in Jamaica,” stated Calva during the official ribbon-cutting opening ceremony held at the facility located at Lot C1, Ironshore, on the outskirts of Montego Bay.

“A couple of years ago, we announced our plans to make several large investments in this beautiful country. Accordingly, last year, we opened a new and modern $5 million central bakery facility, the first of its kind in the PriceSmart portfolio, which is already making a big impact in our ability to serve our Jamaican members’ bakery needs,” added Calva.