07/07/2022
INVEST IN GUYANA
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5 reasons for doing business in Guyana
1) Unsaturated investment markets
Having seen such exponential growth in recent years, Guyana boasts a host of unsaturated markets that offer significant investment opportunities to international investors. According to GoInvest, an official government body for promoting investment, major opportunities can be found in agriculture, energy and infrastructure, forestry, international trade, oil and gas, tourism, and mining.
The government offers benefits for those interested in doing business in Guyana and has placed particular emphasis on encouraging involvement in its agricultural sector, from investment in support services and machinery to opportunities in farming the likes of coconuts, fish, livestock, and organic or other fresh produce. Meanwhile, the country boasts an under-tapped forestry sector capable of producing large quantities of charcoal and other timber products.
2) Plentiful natural resources
Beyond agriculture and forestry, Guyana has major deposits of gold, diamonds, and bauxite — the world’s primary source of aluminum ore. According to GoInvest, the mining sector contributes 16% of Guyana’s GDP per year, but has significant room for further development.
While mining has long been important to Guyana’s economy, production has increased significantly over the past decade. According to the most recent statistics on Guyana published by the US Geological Survey, gold and precious gem production saw significant jumps between 2012 and 2016 to reach 22,168 kilos of gold and 139,000 carats of diamonds and other precious stones per year respectively.
Contact us to day to guide you on Step to Step Investing in Guyana.