October 17, 2024
At the recent International Business Conference, held at the Guyana Marriott, investors were urged to capitalize on the growing opportunities in Guyana’s non-oil sectors, which have shown significant progress in the first half of 2024.
Adviser to the Minister of Agriculture, Richard Blair, emphasized the importance of agriculture, a key contributor to the country’s 12.6% growth in the non-oil sector, driven by a 20% increase in the rice industry, a 27% growth in the fisheries sector, and a 10% expansion in other crops.
Blair highlighted that the agriculture sector offers unmatched access to regional and international markets, making it a prime area for investment.
Blair further noted that the country’s low operational costs, which are set to decrease with the introduction of the Gas to Energy project, make Guyana an increasingly attractive investment destination.
The International Business Conference, which concluded today, was designed to foster investment in both Guyana and Suriname, particularly in sectors like agriculture, infrastructure, and energy.