At the VIII Summit of Heads of Government of the Community of Latin American and Caribbean States (CELAC), President Irfaan Ali urged investors to pour their funds into sectors such as agricultural technology, eco-tourism, pharmaceuticals and others. Ali made this plight as he expressed his administration’s steadfast commitment to economic diversification while addressing the summit.
As he invited investors to explore the wide array of promising sectors he said, “We’d also like to encourage more companies to explore investment opportunities in areas such as agriculture, eco tourism, the construction industry, pharmaceuticals, and renewable energy.”
In his address, President Ali stressed the importance of diversifying the nation’s economic and investor portfolio, highlighting both traditional sectors and emerging industries. He also underscored the government’s dedication to creating an enabling environment conducive to trade and investment opportunities.
“We are creating an enabling environment conducive to the generation of trade and investment opportunities. The framework for advancing cooperation within the grouping is highly valued by Guyana and it provides avenue for enhanced development and convergence on issues in areas of our collective interests,” he added.
His call for investment comes on the heels of significant large-scale development projects unfolding in Guyana. President Ali, in early February, identified key sectors ripe for investment, emphasizing the need for synergy among investors and forward-thinking initiatives aligned with the country’s development trajectory.
In particular, the tourism sector emerged as a prime opportunity for local investment, with President Ali describing it as a “low-hanging fruit” poised for dramatic expansion. Noting the government’s investments in eco-tourism infrastructure, he highlighted the country’s unique blend of natural beauty and modern amenities, emphasizing the potential for private sector investment to further propel growth in this sector.
President Ali also emphasized the importance of leveraging Guyana’s agricultural potential, envisioning the country as a hub for food distribution in the diaspora and Caribbean markets. He called on the local private sector to invest in agri-tech and food processing, highlighting the government’s commitment to supporting such initiatives with marketing, infrastructure, and fiscal incentives.
Furthermore, President Ali outlined his vision for Guyana’s self-sufficiency by 2026, urging stakeholders to collaborate on initiatives that enhance national food security and economic resilience.
The head-of-state indicated that with a conducive investment climate and promising opportunities across various sectors, Guyana stands poised to realize its full potential on the global stage.
