–Finance minister says, as global logistics company DB Schenker enters Guyana market through local partnership

SENIOR Minister in the Office of the President with responsibility for Finance and the Public Service, Dr Ashni Singh, has said that the government will continue to ensure that Guyana is the most attractive place to do business.
The minister made this commitment at a welcome ceremony for global logistics and supply chain company, DB Schenker, to the Guyana market.

At the event, which was held at the Tribe Gastronomic Lounge, it was noted that HugSol under the CKHL Shipping and Logistics group umbrella had inked a partnership with DB Schenker.
CKHL representatives said that the arrival of DB Schenker is not merely a corporate expansion, but represents a vote of confidence in Guyana’s potential and an essential catalyst for continued progress.
Minister Singh, in brief remarks, said that the government is committed to ensuring that it continues to do things that are necessary to facilitate remarkable economic growth that has already been seen.
“We will do all that is necessary to ensure that Guyana remains the most attractive place to do business in this part of the world, and amongst the most attractive places to do business anywhere in the world,” he said.
Against this backdrop, he said to representatives of the companies that they are in the right place and are here at the right time.
With this, Dr Singh acknowledged the partnership and the fact that they have taken note of the country’s local content policy.
He congratulated the Guyanese partners and indicated that he is aware that the partnership has been structured in such a way that it complies with Guyana’s local content law.
Further, General Manager of HugSol, Peter Peroune, indicated that it is important to recognise the mutual benefits that the collaboration will foster.
“For DB Schenker, Guyana offers a gateway to new markets and an opportunity to leverage its global expertise in a region ripe with potential. For Guyana, DB Schenker’s presence signifies access to cutting-edge logistics solutions, streamlined supply chains, and enhanced connectivity with international markets,” Peroune said.
Additionally, he indicated that the partnership aligns with CKHL’s vision of becoming a regional logistics hub, enhancing infrastructure and boosting economic resilience.
Peroune went on to add: “With DB Schenker’s support, there will be a significant elevation in the efficiency and reliability of the supply chains, leading to increased investment opportunities and economic growth.”