Background
The KIW International Limited, formerly Kingston Industrial Works Ltd, was formed in 1908 to provide industrial repair services to the sugar estates. KIW’s main income is generated from the rental of factory and warehouse space at its location at 138 Spanish Town Road, Kingston 11. The Government of Jamaica owns 42.6% of KIW’s ordinary shares and 100% of its preference shares.  KIW is located in the vicinity of the port of Kingston and can be used as a warehouse and for other commercial activities. 

Project Description:

The Government of Jamaica has successfully privatised GOJ’s shareholding in KIW International Limited.

Status:

The Preferred Bidder, Jamaican Teas Limited, executed the Share Sale & Purchase Agreement for the acquisition of GOJ’s shares in KIW International Limited on March 3, 2017.