Reuters


Haiti has high hopes for jobs at new industrial park

CARACOL, Haiti, Nov 28 (Reuters) - Haiti and its international partners broke ground on Monday on a $257 million industrial park that represents the largest foreign investment since the Caribbean nation was hit by a catastrophic earthquake nearly two years ago.

The 608-acre (246-hectare) Caracol Industrial Park on Haiti's northwest coast will be anchored by a South Korean textile firm, Sae-A Trading Co Ltd, which has committed to hire 20,000 people. That would make it the largest private employer in the Western Hemisphere's poorest nation.

 
Quake-hit Haiti looks to textile park for jobs boom
Written by Tom Brown
Monday, 10 January 2011 20:58
Reuters
Written by Tom Brown
Monday, 10 January 2011 20:58

PORT-AU-PRINCE (Reuters) - The U.S. and Haitian governments signed a deal on Tuesday with a South Korean garment manufacturer to develop an industrial park in quake-hit Haiti in one of the largest investment projects in the poor Caribbean country.

The project with South Korea's Sae-A Trading Company Limited is also backed by the Inter-American Development Bank and intends to breathe new life into Haiti's garment export industry and its shattered economy after a devastating earthquake a year ago.