Billionaire Richard Branson Graces Caracol Industrial Park Opening

Haiti has welcomed public figures, including British business tycoon Richard Branson, at the grand opening of the Caracol industrial park. Branson, an airline business magnate, joined United States Secretary of State Hilary Clinton and former President Bill Clinton in launching the $300-million industrial park located in the city of Cap Haitien. The park, which was a project of South Korean apparel company Sae-A Trading Co. Ltd., spans 246 hectares.


With the Caracol industrial park, the country's job market is expected to improve in the coming years. As a matter of fact, more than 60,000 jobs will likely be generated when companies and businesses start operating in the park. Though critics are doubtful that the multi-million project can end poverty in the country, officials are confident that it would be the start of a real progress. Secretary of State Hilary Clinton urged everyone, including the investors, business partners and Haitians, to work together to ensure the project's success. She said that the project requires a collective effort in order to produce the best results.

Haiti President Michel Martelly, meanwhile, said the Caracol industrial park is just one of the government's initiatives to help foreign investors open their businesses in the country. The government, Martelly said, is more than willing and happy to welcome businesses and investments in the country.

The park is not just a project headed by the South Korean firm. It is also a part of international efforts to help revive Haiti, which was devastated by a fatal earthquake two years ago. The earthquake killed tens of thousands of people and destroyed

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