{"id":18737,"date":"2024-04-16T15:57:13","date_gmt":"2024-04-16T15:57:13","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=18737"},"modified":"2024-04-16T15:57:22","modified_gmt":"2024-04-16T15:57:22","slug":"idb-funds-25m-usd-unicomer-mega-complex","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/idb-funds-25m-usd-unicomer-mega-complex\/","title":{"rendered":"IDB Funds $25M USD Unicomer Mega Complex"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>By Josiah Williams<\/p>\n\n\n\n<p>The Inter-American Development Bank (IDB) has sealed a significant deal by providing a $25 million USD contract to fund Unicomer&#8217;s River Place Complex, marking a transformative moment for Guyana&#8217;s retail and business sector. <\/p>\n\n\n\n<p>The signing ceremony, held at the Ministry of Finance Boardroom, was attended by Finance Minister Dr. Ashni Singh, who emphasized the pivotal role this investment plays in Guyana&#8217;s economic landscape. <\/p>\n\n\n\n<p>Dr. Singh highlighted that this modern facility will revolutionize the retail sector, particularly in hire purchase, as more Guyanese gain access to disposable income.<\/p>\n\n\n\n<p>The project, financed by the IDB and constructed by Unicomer&#8217;s real estate arm, Redstart Guyana, will feature a world-class commercial and retail facility. <\/p>\n\n\n\n<p>Minister Singh noted that this complex will not only house Unicomer&#8217;s mega store but will also provide retail space for 42 other entrepreneurs, fostering economic growth and entrepreneurship in the region.<\/p>\n\n\n\n<p>Lorena Solorzano Salazar, IDB Country Representative, emphasized the transformative impact of this investment on Guyana&#8217;s business sector, noting its potential to expand development and create employment opportunities. <\/p>\n\n\n\n<p>During construction, the project is expected to generate 100 jobs, with another hundred anticipated upon completion of the infrastructure.<\/p>\n\n\n\n<p>Errol Leblanc, Vice President of Unicomer Caribbean, revealed that the fifty-thousand-square-foot mega complex is being built at Farm on the East Bank of Demerara, with a two-year completion period. <\/p>\n\n\n\n<p>The complex will host various Unicomer stores, including Courts, Lucky Dollar, Radioshack, Ashley Furniture, Courts Business Solutions, as well as food outlets and other retailers.<\/p>\n\n\n\n<p>This partnership between Unicomer and the IDB represents a significant milestone in Guyana&#8217;s economic development, promising to elevate the retail and business landscape while fostering job creation and economic prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Josiah Williams The Inter-American Development Bank (IDB) has sealed a significant deal by providing a $25 million USD contract to fund Unicomer&#8217;s River Place Complex, marking a transformative moment&hellip;<\/p>\n","protected":false},"author":4,"featured_media":18738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,366,350],"tags":[],"class_list":["post-18737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/18737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=18737"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/18737\/revisions"}],"predecessor-version":[{"id":18739,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/18737\/revisions\/18739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/18738"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=18737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=18737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=18737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}