Guyana is gearing up to welcome the Caribbean Investment Forum from July 10 to 12 this year, positioning itself as a hub for business collaboration and sustainable development initiatives.
Scheduled to take place at the Arthur Chung Conference Centre (ACCC), the forum will center its discussions on crucial topics such as sustainable agriculture, transitioning to a green economy, and the digitalization of business operations.
Dr. Peter Ramsaroop, Chief Investment Officer and Head of the Guyana Office for Investment, underscored the importance of this event, anticipated to draw in up to 700 investors.
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“We expect a lot of investors coming to see what is this about Guyana…there is a call out for bankable projects because the investors are coming in looking for bankable projects and we want to showcase what Guyana is all about,” Dr. Ramsaroop stated in an interview with the Department of Public Information.
Addressing Guyana’s priorities, Dr. Ramsaroop noted that agriculture and food security were high on the list, along with the target of achieving cheaper energy by 2025 to facilitate large-scale agro-processing and sustainable farming.
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Underlining the successes of the local private sector, Dr. Ramsaroop highlighted significant projects such as the construction of hotels like Kings Hotel and Aiden Hotel, undertaken by local investors, contributing to the growth of the tourism sector.
A key objective of the forum is to foster joint ventures and partnerships, particularly in sectors like tourism, to enhance collaboration and product offerings.
“The investors coming into the region [are] to become a part of Guyana’s development and so our private sector is stepping up to make sure that they get ready for partnership, for joint ventures, and we have seen very successful joint ventures,” Dr. Ramsaroop noted.
The conference will provide a platform for businesses to showcase their ‘bankable projects’ to potential investors, with government planning to partner with the Inter-American Development Bank (IDB) to guide the local private sector and prepare them for the conference requirements.
