As Guyana celebrates its 55th Independence anniversary, the Guyana Office for Investment (GO-Invest) has launched an initiative calling for investment in 55 areas.
Guyana is the only English-speaking country in South America with several productive economic sectors, namely: the extractive industry, which includes gold, diamond, and bauxite mining; the Agriculture Sector, which includes Fishing, Livestock, Rice and Sugar and the Manufacturing and Services sector which includes engineering, and construction.
The country is experiencing transformative and exponential growth since becoming an official Petro-State in December 2019.
The office said that opportunities exist for investors with a vision and a capacity to deliver.
“Guyana is open for investments with its vast natural resources: a young, educated, and English- speaking population; stable and open financial markets; investment protection under the law; unrestricted repatriation of profits; and capital; duty-free access, equal treatment for local and foreign investors,” it said.
The office said that the growing economy and improved infrastructure will bring benefits for regional partners. Guyana and Brazil will benefit from a long-planned road opening the door to bilateral trade. Another major project is the construction of the Corentyne bridge, which will link Suriname and Guyana and further expand Guyana’s investment portfolio.
Both Foreign Direct Investment (FDI) and Local Content Investment (LCI) are the engines for economic growth and development. The agency looks forward to its continued contribution to the growth of the economy.
By launching the Invest 55 initiative, GO-Invest aims to:
Build Global Partnerships by creating a culture of excellence.
“We are partnering with local and international companies to increase our development capacity across all sectors. Furthermore, we plan to proliferate knowledge transfer for our local workforce through these partnerships.”
GO-Invest noted also that it is seeking to increase competitiveness through the government’s plan to
lower the cost of electricity through various energy projects including the gas to shore pipeline, hydro, solar, and wind power.
This, in turn, will result in a dramatic increase in efficiency for large-scale manufacturing and agro-industrial projects.
The office is also seeking to globalise sectors with Guyana establishing itself as a key exporter of agricultural products.
The office touted the tremendous market potential for produce and poultry for the global market. Guyana has hundreds of thousands of acres of arable land to make this a reality.
Also, over the next year, Invest-55 will be a central pillar in promoting immense opportunities such as:
1. Integrated Mega farms (Livestock, poultry, and produce),
Milk Plants,
2. Corn and Soya Bean Production for stock feed,
3. Expansion of Call Centers and BPO
4. Manufacturing of machinery and equipment
5. Alternative Energy projects for hydro, solar, and wind power.
