Georgetown: “The word is out, Guyana is indeed a major destination for investment and business,” Housing Minister, Irfaan Ali said as he highlighted some of the plans in store for the housing sector.
Speaking at the commissioning of the Unicomer Distribution Centre located in Eccles, Ali noted that “five years in the making and $10B later we have arrived at the development of a new project being completed.”
Ali said that when the Government announced its plan to extend a new growth area it was to create new opportunities for businesses to expand their services, thereby creating more employment opportunities and further development.
“We have invested $10B from the Government in creating these opportunities for new growth expansion and development and we are very proud that the private sector has joined us on this journey,” he declared.
The Housing Minister noted that the commissioning of the Unicomer Distribution Centre is one of many examples of such developments, noting too that it was built on part of the 100 acres of land in the new development plan. This Centre alone is some 60,000 square feet and will employ some 50 persons.
The confidence that the private sector has shown in Guyana’s economy is tremendous, Ali said, while noting that “the private sector have some US$200M that will be invested in developing new business and thus creating more opportunities for our people in these areas.”
Ali confirmed that there are many other investments in the pipeline and a few will be revealed sooner than the public expects. He alluded to the fact that he will be making way for the expansion of another location of a commercial bank and pending a signature are two major food chain restaurant proposals that are ready to commence construction almost immediately.
In addition, there are 23 new investments signed for the Little Diamond area that include a Hyundai showroom.
He concluded by stressing that Guyana needs to become an educational hub and the Government is working diligently to make this a reality.
“We have already more than three international universities that have commenced construction on their facilities, we are in the process of building a Hospitality Centre where we will entertain international students,” he announced.
Ali noted finally that as part of the Low Carbon Development Strategy (LCDS) programme “we will be embarking upon an International Biodiversity Centre, and we are the best to have this Centre.”
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