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Doors of investment open to CARICOM territories says Guyanese President

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The doors of investment are open to Caribbean territories, and Guyana is welcoming their expertise in the oil and gas sector. These were the sentiments expressed by Guyanese President David Granger moments before the first plenary session of the 39th Regular Meeting of CARICOM Heads of Government, in Montego Bay, Jamaica on Thursday, July 5.

Speaking to media operatives at the Montego Bay Convention Center, the President stated that while Guyana is still putting the legislative and regulatory framework in place, the small Caribbean territory, which has a rapidly expanding oil and gas industry, is looking to recruit skilled persons in that sector.

“I look forward to working with the Caribbean. Trinidad has a long established oil and gas industry and I would feel that our Caribbean colleagues will be able to participate in everything that Guyana does; agriculture, timber, gold and diamond mining…so this is the vision that I have for the Caribbean Community, that all parts of the Caribbean must see this new resource as part of the community,” the President stressed.

Guyana could sell oil to CARICOM at preferential rates

He went on to add that “they should be willing to share their expertise with us and they should be willing to invest in us,” affirming that “the doors of investment, the doors of infrastructure, the doors of information technology, the doors of innovation will be open to our colleagues in the Caribbean.”

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