Thursday, January 26, 2023

“The country is growing very fast” – investors flocking to its shores – UK Envoy

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Guyana’s upward trajectory brought on by its massive oil and gas reserves has piqued United Kingdom investor interest. According to the British High Commissioner to Guyana, Jane Miller, many companies are eager to establish a stronghold in the South American nation.

“There are huge opportunities for markets all over the world to be investing here and we have a lot of British businesses that are interested in coming to Guyana to work on whether it be infrastructure, education or health. The UK provides very high-quality products, so I see massive opportunities here,” the High Commissioner commented.

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The diplomat recalled a recent March visit from a British Trade Mission team comprising UK business investors from the construction to beverage industries, scouting what Guyana has to offer. They, according to the High Commissioner, dubbed the country “the most exciting investment destination.”

The team’s visit lasted four days; they interfaced with government officials and the private sector, and the diplomat pointed out that they have already identified potential investment areas in Guyana.

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“They [the trade mission] really did not know anything about Guyana and they left glowing. I think it is the warmth of the people, that is one thing, but mainly the amazing opportunities here. The country is growing very fast – everything from the food and drinks sector to the infrastructure sector. So, there is room for mega investments here,” she outlined further.

Guyana is already the fastest growing economy in the world and is expected to bloom even further. ExxonMobil’s near 11 billion oil-equivalent barrels resource estimate acts as a magnet for world-renowned businesses.

Guyana and the UK established diplomatic relations in 1966 and over the years have continued to strengthen their partnership in every facet with heavy emphasis on climate change.

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