THE Government of Qatar will soon construct a massive stadium in Region Three (Essequibo Islands-West Demerara), President Dr. Irfaan Ali has announced.
The Head of State, on Sunday, made the revelation during a brick laying ceremony for the Georgetown Seafront Resort and Convention Centre which is being constructed by private investors from Qatar.

“This relationship is as a result of our government’s commitment to diversifying the investors stream and by diversifying the capital markets through which investments are made…we have established a strong focus on the Middle East and other parts of the world that were not traditionally focused on investment in this region; we have seen tremendous [interest] and Qatar is one of the countries that has shown remarkable speed in expanding this interest,” the President said.

Guyana, he related, is expanding its bilateral ties with the country and will collaborate in areas of tourism and hospitality, service, oil and gas, food security, and other modernisation and transformational projects.
Qatar’s Amir, Sheikh Tamim bin Hamad Al, President Ali said, has been leading from the front on the expansion of the relationship between the two nations.

Last year, the Amir visited Guyana for the first time for bilateral discussions. During the visit, the two leaders held fruitful discussions on a wide range of issues of mutual interest to strengthen their bilateral relations.
The two nations signed agreements for collaboration in the legal sectors; promotion and protection of mutual investments; and economic, commercial, and technical cooperation.

Meanwhile, the Georgetown Seafront Resort and Convention Centre is set to be a world-class facility. The new resort will feature 260 rooms and suites, 150 service apartments and premium villas and it represents a collaboration between the Governments of Guyana and Qatar.

The project is being executed by private investors, the Assets Group out of Qatar and construction is expected to begin soon with the hopes of completion within three years.
The five-star facility will also feature retail units for food and beverages, high luxury fashion brands, state-of-the-art health club and a convention centre with cutting edge facilities. It was uniquely designed with Guyanese in mind.

“When you examine the features of the investment you will see that [it] mirrors the history of Georgetown; the architectural history was carefully taken into consideration in the design of the building. The natural attributes of Guyana were taken into the design.”

“We now have the type of investment that will support the natural quality of our product and I have no doubt that we will be able to build a world-class tourism sector, a tourism sector that will see the diversification of our economy and expansion of our economy realising its full potential,” President Ali said.