-scouting non-oil investment opportunities

-by NaAsia Bristol

Guyana’s push to become an investment hub continues building momentum, with President Irfaan Ali revealing that several international delegations are preparing to visit the country to scope out opportunities in various non-oil sectors. 

“I’ll be welcoming more than four international delegations, all interested not in oil and gas, but in investing in tourism, in investing in food production, investing in manufacturing, and investing in value creation,” the president said during a recent commissioning ceremony.

President Ali explained that with the focus now on attracting investment in tourism, food production, manufacturing, and value creation, it is time for local companies to contribute to making this vision a reality. He also noted that Guyana must move beyond being merely a consumer market and urged companies benefiting from the country’s rapid growth to establish local manufacturing and agro-processing facilities.

He explained that the government has already provided extensive incentives to support value-added production and job creation. 

To foreign investors present in Guyana, the President urged them to deepen their commitment to the local economy. The head of state made it clear that Guyana can no longer depend solely on imports.

He went on to challenge regional manufacturers to establish operations here if they intend to continue expanding their market shares.