By Saskia Warrick | November 13, 2024
President Irfaan Ali has urged UK investors to take advantage of Guyana’s growing economic opportunities, emphasizing that now is the perfect time to invest in the country.
Speaking at a reception held at the British High Commissioner’s residence, President Ali outlined Guyana’s potential as a hub for manufacturing and other key sectors, including agriculture and construction.
The President highlighted the government’s focus on fostering economic growth through strategic investments in infrastructure, energy, and housing.
These efforts, he noted, are designed to reduce costs, particularly in energy, and make Guyana a more competitive market for businesses.
“Guyana is at a sweet spot for manufacturers,” President Ali stated.
“If you’re looking to manufacture products for the Caribbean and Latin America, establishing a footprint here is a significant opportunity. The competitive advantages we offer, including reduced costs for logistics and energy, make this the right time for investment.”
President Ali also noted the country’s commitment to improving the business environment, with ongoing projects aimed at reducing energy costs and enhancing logistics capabilities.
This, he explained, will enable manufacturers to produce goods more efficiently and export them across the region at a reduced cost.
British High Commissioner to Guyana, Jane Miller, also addressed the reception, launching the “Doing Business in Guyana” guide.
The guide is intended to help UK companies understand the local investment landscape and navigate the opportunities available in Guyana.
Miller expressed her optimism about the growing trade relations between the UK and Guyana, highlighting the importance of mutual support and collaboration.
The four-day UK trade mission, organized by the British High Commission’s Department of Business and Trade, the Caribbean Council, the Georgetown Chamber of Commerce and Industry, and the British Chamber of Commerce Guyana, includes companies from various sectors exploring opportunities in Guyana’s rapidly expanding market.
President Ali’s remarks underscore the country’s commitment to becoming a global business hub, offering a supportive environment for investment and innovation.