Osher International IDG Bank and Trust, a prominent investment bank headquartered in the USA, has set its sights on investing more than US$100 million in Guyana in the coming years.
This exciting development follows a recent business scoping exercise conducted in the country by the bank’s CEO, Marlon Campbell, and a delegation from the United Arab Emirates.
The company highlighted that Campbell has expressed his interest in investing in Guyana for the past three years and has now taken steps to explore various opportunities in the country’s emerging markets.
The bank’s decision to invest heavily in Guyana has been significantly influenced by the country’s current trajectory which is particularly due to its burgeoning oil industry.
Interestingly, Campbell stated that his team is interested in tendering for oil blocks at the upcoming 2022 licensing round auction announced by the People’s Progressive Party/Civic (PPP/C) administration. Additionally, the bank is keen to set up a modular refinery to meet the immediate demand in the oil industry.
Apart from the oil industry, Osher International IDG Bank is also looking to invest in infrastructure, mining, pharmaceuticals, and dairy products, among other sectors. This includes the large-scale supply of stone aggregates in different sizes. To facilitate this, the bank has already entered into an agreement to erect a wharf/shipping/storage facility to ensure control over the logistics supply. The agreement also entails the purchase of 12 shipping barges with a capacity of 9,000 and 7,000 tons to ensure control over the entire logistics chain.
Moreover, the bank and its partners have expressed interest in investing in world-class eco-tourism development for the Kaieteur Falls, hydro, and a deep-water harbour, among other ventures. Campbell expressed, “We as a group (the company) decide where we want to invest…where things are lucrative, obviously we are a business, but we are looking to invest where communities can benefit the most.”
ABOUT OSHER
Osher International IDG Bank and Trust specializes in wealth and asset management, trade, commercial and private sector global investments, forex, real estate, and crypto-currency.
With operations in the US, Canada, South Africa, and Dubai, the bank also hosts a private investment sector for all internal investment services, including high net worth partners through their joint venture arrangements with Osher Global Holdings, LLC in the United States, Harel Global Finance South Africa, and Osher Global Wealth Management (Offshore) Trust.
