– GO-Invest CEO says
– Encourages businesses to make private investments, form partnerships

WITH Guyana’s rise as a dominant force in the region and its impressive achievements in food and energy security, there are investment prospects in all sectors throughout the country, beyond just the oil and gas sector.
This is according to Chief Executive Officer at the Guyana Office for Investment (Go-Invest), Dr Peter Ramsaroop, who was at the time speaking on the third day of the Guyana Energy Conference and Supply Chain Expo.

In his speech, he mentioned that Guyana is always part of discussions on climate, food, and energy security worldwide.
He explained that with all that is being done, one should be able to know where to invest as significant advancements are being made in all sectors including the agriculture and mining sectors among others.

He said to investors: “Whatever sector you are interested in our government has described very transparently what we are spending money on, where we are investing and what we are doing.”

Against this backdrop, he added that the local private sector over the last few years has stepped up and out of all the investment agreements that have passed through his office, just around 60 per cent account for local investment agreements.

As such, he added that the local private sector is ready for partners even as he encouraged foreign investors to partner with local companies while adding that local content is real.
He noted that things are progressing rapidly here, and investors who wait for the next phase of development before investing may miss out.

While encouraging partnerships with the local private sector, he added, “So don’t just be coming looking for government contracts; the money is in the private sector and I can tell you our private sector has stepped up.”
Further to this, he said that Guyana is one of the few places left where investors can buy and own land, even as he noted that it may not be that way forever.

He stated that there is currently an opportunity for them to become partners and mentioned that the government is open to collaborating with businesses in various sectors.
“Our office is designed to work with you on those scales of investments… private equity investors, do your research, we are open for business. There is no need to see a government minister to do business in Guyana,” Dr Ramsaroop said.

With this goal in mind, he advised aspiring entrepreneurs to hire competent lawyers, establish their companies, and adhere to the regulations in order to ethically generate profits in Guyana.

He went on to say, “We are a powerhouse in the region, we will continue to be that powerhouse, we will work with you to ensure that you have ease of doing business in our country and we will continue to welcome all of you to be part of Guyana’s development.”