Guyana has been dubbed a “rising economic powerhouse and one of the best places for investment” in a recent report titled, “The Emerging Markets Series: Guyana – A Sleeping Giant Awakens,” by the Society Venture Group.

The group is an international asset management firm that specializes in managing a diverse range of assets, including equities, fixed income, real estate, and alternative investments.

In the report the company, known for its forward-thinking approach and global focus on opportunities highlighted that since the discovery of vast offshore oil reserves, Guyana has set the stage for economic transformation. It said major players like ExxonMobil spearheaded production, propelling the nation’s Gross Domestic Product (GDP) growth rate to unprecedented levels and further highlighted that Guyana’s GDP is expected to soar by over 85% in the next five years, driven chiefly by the oil and gas sector. This anticipated growth is poised to create a ripple effect across the economy, generating heightened demand for goods and services and fresh investment opportunities.

However, it was keen to note that this burgeoning industry isn’t just about oil; it has also been triggering opportunities in logistics, transportation, and infrastructure development, attracting both local and foreign investors.

Furthermore, the report highlighted that aside from oil and gas, Guyana boasts a wealth of minerals, including gold, diamonds, and bauxite, contributing significantly to its allure for investors. The document said Guyana’s newfound oil wealth positions it as a global oil giant, attracting substantial investment and its discoveries catapults it into the league of major oil producers worldwide, promising lucrative opportunities for investors in the energy sector.

Guyana’s real estate sector has also become an investment hotspot according to the report. With rising demand for both commercial and residential properties, coupled with affordable land costs, investors are drawn by the promise of low-risk, high-reward opportunities. The report also underscored ongoing infrastructure projects that form a solid foundation for investors. These include modernizing roads, bridges, and ports to provide crucial support for Guyana’s development story.

Guyana indeed shines as one of the most business-friendly nations in the region, as highlighted in the report and corroborated by the World Bank’s “Doing Business” report. It said the country offers political stability, a competitive tax regime, and streamlined procedures for business registration, all designed to attract foreign investors.

Moreover, the report states that investors who align themselves with Guyana’s growth trajectory can anticipate exponential returns in the next five to 10 years and beyond. Favorable government policies, abundant resources, strategic positioning, and diverse sectoral growth also promise a well-rounded and sustained pattern of economic development.

1 COMMENT

  1. I think Guyana will attract at least twice as many investors, etc. if the racist sub-species were not there committing atrocious crimes while hollering “racism.”
    Each of these should be given $1M(G) and a free flight out to where they were captured in the tribal wars and sold to the Whites. After hundreds of years, these creatures have not adapted to the human way of life.
    Look at the news about Europe and North America: they always claim to face “racism.” It may be true, but it is a self-fulfilling prophesy. Because of their attitude, they are not welcome among humans.
    Proof that they are not an evolved species (if you believe in evolution) lies in the fact that dogs, chimpanzies, caterpillars, hyenas, etc. all do not have kinky hair. These sub-species have this kinky hair.

LEAVE A REPLY

Please enter your comment!
Please enter your name here