Financing has finally been secured for a major development planned by Jamaica World, an American company that hopes to construct a tourism development on Jamaica's north coast.
The $2.09 billion loan was secured to acquire an undeveloped 570-acre oceanfront property.
Jamaica World's vision for the property involves a massive development plan to unfold in the next five years.
But the management's broad vision is not limited to tourism, as it includes plans to build a center for commerce and trade.
The property is located between two Jamaican ports, which are close to Panama's free trade zone.
Jamaica World also hopes to attract other private developers and businesses to the project.