GUYANA and Azerbaijan continue to strengthen bilateral relations, as Chief Investment Officer and Head of the Guyana Office for Investment, Peter Ramsaroop, on Tuesday met with the Ambassador of the Republic of Azerbaijan to Guyana, Rashad Novruz, to discuss expanding economic co-operation between the two countries.
Accompanying Ambassador Novruz was Vugar Huseynli, First Secretary at the Embassy of Azerbaijan in Brazil, who is also the Desk Officer for Guyana.
Azerbaijan, strategically located between Europe and Asia, has built a strong economy supported by its significant oil and natural gas resources, with a Gross Domestic Product (GDP) of approximately US$74 billion.
According to a press release, in recent years the country has also diversified into sectors such as logistics, manufacturing, agriculture, tourism, and renewable energy, positioning itself as an important economic and transport hub connecting regional markets. As Guyana continues its rapid transformation under the leadership of President, Dr Irfaan Ali, the engagement underscored the government’s clear vision of building a diversified, resilient and globally competitive economy, the release read.
In keeping with the President’s focus on an “Economy by Design,” the discussions explored practical opportunities for collaboration that align with Guyana’s long-term development priorities and its Vision 2030 agenda.
“Areas of potential co-operation include energy and energy services, with a focus on knowledge sharing in petroleum development and energy infrastructure; agriculture and agro-processing to support national and regional food security, while expanding value-added production; logistics and infrastructural development as Guyana continues to modernise its ports, highways and trade corridors to position itself as a key gateway between South America and the Caribbean; tourism development, particularly eco-tourism and hospitality investment that leverages Guyana’s unique natural assets; and the digital economy and innovation, including ICT advancement and emerging technologies to support a modern, knowledge-driven economy,” the release read.
During the discussions, Ramsaroop emphasised that Guyana’s development approach is deliberate and forward-looking.
“Guyana is building an Economy by Design — where our natural resources, strategic investments, and human capital are deliberately aligned to create long-term prosperity. Partnerships with countries like Azerbaijan allow us to exchange knowledge, strengthen trade, and unlock new opportunities for our people, while directly supporting the President’s vision of sustainable development, economic diversification, and inclusive growth for all Guyanese,” he said.
The Chief Investment Officer was accompanied by Director of Economic Affairs, Arvinda Ramcharan.
The engagement reflects Guyana’s continued efforts to expand strategic global partnerships that not only attract investment, but also transfer knowledge, build local capacity, and accelerate innovation.
