Tuesday, September 27, 2022

Foreign investors eyeing roads, hospitals, housing in new South American oil province

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Guyana’s multi-billion-barrel hydrocarbon resources and the spin-off business opportunities being created across several sectors of the economy continue to attract foreign investors from around the world.

On Saturday the country’s President, Dr. Irfaan Ali highlighted the need for investment opportunities in Silica City and spoke about the building of the Corentyne River bridge with three investors from Mexico and their Guyanese partner.

The meeting, which involved several Ministers of Government and other key Government officials, also saw pitches by the investors in areas such as housing, road and hospital construction and oil and gas, the Department of Public Information (DPI) said in an update to the media.

“The investors made presentations on large-scale housing projects and small prefab hospitals,” DPI stated in its release.

After pitching their uniquely designed, cost affordable, modern concrete houses, the President put the investors on to his team from the Ministry of Housing, including the Minister within the Ministry of Housing and Water, the Susan Rodrigues and CEO of the Central Housing and Planning Authority Sherwyn Greaves for further discussions and a guided tour of communities currently being developed.

The investors, led by CEO of Grupo Industrial Omega, Andres Holzer, also highlighted several other areas of interest, including an oil refinery and a new terminal at the Cheddi Jagan International Airport (CJIA). He said that the group of investors also have the resources to pave the road from Lethem and Linden to enhance travel and investments between Guyana and Brazil.

US$900M gas-to-energy project attracting investors from across the world – Bharrat

The President listened to all the ideas, discussed their possibilities and then spoke about his government’s plan to develop Guyana’s secondary city—Silica City.

Mr. Ali also asked the investors about their potential to build the Corentyne River bridge, which will link Guyana and Suriname by road. He reminded them that the planned bridge will use the design, finance, build and own model.

Investors already showing interest in massive industrial operations as cheaper power looms – GO-Invest

President Ali used the opportunity to express to Mr. Holzer his desire to see Guyanese products sold in duty-free shops in airports worldwide. Discussions will continue in this regard between Holzer and Ramesh Ghir, CEO of the Cheddi Jagan International Airport Corporation.

The businessman manages duty-free stores in 64 countries across the globe.

The other investors were CEO of Grupo TCO Federico Martinez, CEO of Cometa Javier Vazquez and local partner Dean Hassan, CEO of Star 10.

The meeting which took place at the Office of the President was also attended by Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh; Minister of Health, Dr. Frank Anthony; Minister of Agriculture, Zulfikar Mustapha; Minister of Foreign Affairs, Hugh Todd; Minister of Natural Resources, Vickram Bharrat and Minister Rodrigues.

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