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GEORGETOWN, Guyana, Jun 23, CMC – The Guyana government says it expects more than four international delegations to visit the country soon and none of them is involved in the oil and gas sectors.
President Irfaan Ali said that the investors are interested in the tourism, food production, manufacturing and value creation industries as he linked the country’s growing investor profile to years of planning.
“The world is discovering a Guyana that is completely different,” he said, outlining how Guyana intends to position itself in the regional economy. He said Guyana will not settle for being a buyer of finished goods, but will compete as a producer and price-setter.
Ali said he wants more of the goods sold in Guyana to be produced locally and is encouraging regional manufacturers to establish operations in the country, pointing to the government’s agri-processing incentives, which he said are unmatched elsewhere in the region.
Ali said that that Region Nine is being positioned as a major agro-processing hub to supply markets in northern Brazil, while emerging opportunities in Haiti and Cuba could provide additional export destinations for investors who move early.
“We cannot go forward without value creation and manufacturing in this country,” he added.
Guyana’s recoverable oil and gas reserves are estimated at over 11 billion barrels of oil equivalent, with the broader upstream market projected to reach massive, multi-billion-dollar cumulative investments by 2031. Driven by an ExxonMobil-led consortium, the sector is transforming the country into one of the fastest-growing economies globally
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