–   Int’l building expo serving as platform for local private sector to network, collaborate

PRESENTING a unique opportunity for Guyana’s private sector to engage with global partners to exploit innovative technologies, the 2024 International Building Expo will serve as a platform to promote networking and collaboration, the Chairman of Guyana’s Private Sector Commission (PSC), Komal Singh, said.

Singh, in a brief address at the opening ceremony of the expo on Thursday evening said: “This event serves as a remarkable platform where innovation meets opportunity and where the collective vision of a progressive and sustainable Guyana is showcased to the world. I’m particularly thrilled to see so much diverse gathering of industry leaders, investors [and] stakeholders, who are all committed to shaping the future of this beautiful country.”
He reminded that the country’s economy is standing on the cusp of unprecedented growth, and this provides an opportunity for investors.
Singh keenly pointed out that Guyana’s economy continues to be driven by significant advancements across multiple sectors. The real gross development product (GDP) growth has surged by an impressive 33 per cent with a non-oil GDP growth of 11.7 per cent.
“This remarkable expansion is largely attributed to the dynamism of our oil and gas sector and our industry, which has catalysed economic activity across various industries. Beyond oil, the construction, manufacturing [and] agriculture services sector have played a pivotal role in the strengthening of our non-oil economy,” Singh stated.

He noted that this is a direct a result of a deliberate and effective mix of fiscal and monetary policies, strategic government investment in infrastructure, and the growing investor confidence within the country’s economy.
“It is a gateway into collaboration, innovation and production. The event provides an ideal platform for businesses to showcase their products and services for strategic alliances and contributes to the growing transformation of Guyana’s infrastructure landscape,” Singh said while reiterating the boundless opportunities available to foster partnerships, network and pursue investments.

“I encourage all participants to take full advantage of the opportunities presented here to network to innovate and to collaborate,” he added.
Meanwhile, Minister within the Ministry of Housing and Water, Susan Rodrigues, noted that over the next few days patrons will witness innovation at its best, with this year’s expo having a keen focus on sustainability and environmentally friendly concepts.

The expo which will be held over the next few days will see over 500 local and international exhibitors.
According to Minister Rodrigues, exhibitors have travelled from distant countries such as Canada, India, Indonesia, Italy, Trinidad, the United States, and Zambia.
The government, she noted, is promoting affordable, low-carbon techniques and solution to promote housing.
“We have raised the bar yet again under the theme building on the foundation of sustainability and unity; you will witness a remarkable gathering of professionals, experts, enthusiasts and stakeholders.”
“International Building Expo has earned a reputation as the premier platform for entrepreneurs to launch a new business, expand and showcase existing businesses and offers unmatched opportunities to network among industry professionals,” she added.
More importantly, while many associate the event with large local and foreign corporations, the International Building Expo the Minister said is overwhelmingly supported by small and medium scale businesses locally.
“We are confident that building Expo 2024 will provide an invaluable platform for knowledge exchange, networking and collaboration. It is an opportunity for us to learn from each other, inspire new ideas and forge partnerships that will drive industries forward.”