Investment

As part of the government’s drive to ensure engineers executing public works are held accountable, the Engineer’s Bill will soon be tabled in the National Assembly, government’s Department of Public Information reported on Sunday. Minister of Public Works, Bishop Juan Edghill, made the disclosure during a workshop at the Marriott Hotel in Kingston, Georgetown, on Thursday. “Very soon, I’ll be ...

The El Salvador-headquartered UNICOMER, which owns the chain of COURTS stores in Guyana and elsewhere, is building a US$33 million retail centre at Farm East Bank Demerara and plans to construct a hotel, officials said Friday. UNICOMER’s Sub-Regional Managing Director (Guyana and the Caribbean), Vincent Gordon said the construction of the 55,000 square-foot River Place commercial plaza on land owned ...

-Whiptail project receives government approvals; production targeted to begin in 2027 -Sixth Stabroek block development will add capacity of 250,000 barrels of oil per day -$12.7 billion of additional investment in Guyana’s growing economy SPRING, Texas – ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the ...

The Guyana government is finalising a deal with a Turkish company to rent a 36 megawatt barge, in an effort to satisfy peak electricity demand at a time when several generators are giving trouble, Vice President Bharrat Jagdeo said Thursday. Peak electricity demand in the Demerara-Berbice Interconnected System (DBIS) is just over 170 megawatts but existing generators are pushing just ...

The Caribbean Export Development Agency (Caribbean Export) has crafted a strategy to attract investment in three key areas at the Caribbean Investment Forum (CIF) to be held in Guyana later this year, a top official said Wednesday. Caribbean Export’s Executive Director, Deodat Maharaj said the event slated for July 10-12, 2024 at the Arthur Chung Conference Centre, Liliendaal, Greater Georgetown ...

-European Chamber of Commerce Guyana launched President Irfaan Ali has told executives of major European Union (EU) companies who participated in that bloc’s first ever trade mission to Guyana that they need to pay keen attention to major investment opportunities here. Addressing the opening of the mission on Monday, he dismissed likely reaction to his concern that the private sector ...

President Irfaan Ali on Wednesday announced that Guyana and Barbados were working to end difficulties in the movement of cargo from Trinidad to this South American nation. Addressing the commissioning of a US$8 million mixing plant of the National Milling Company (NAMILCO), a subsidiary of the American company, SEABOARD, the Guyanese leader said steps were being taken to maximise the ...

At least 20 European companies have signaled their intention to participate in the European Union’s (EU) first ever trade mission under the “Global Gateway” partnership initiative with 150 countries, EU’s Ambassador to Guyana, “We would have the very first trade mission coming to Guyana and that trade mission is here under the heading of the Global Gateway,” Rene Van Nes ...

President Irfaan Ali has said that Guyana is running out of large acreages of land on the coastal strip. Speaking at the recently held Guyana-Canada Chamber of Commerce Dinner and Awards, he said, “the reality is that we don’t have that land now on the coast.” He said he asked for pictures of new developments asked for pictures of the ...

The Guyana government and one of India’s leading engineering companies on Wednesday inked a US$155.99 million contract to provide to provide Engineering Procurement and Construction (EPC) services for  transmission lines and substations for the Natural Gas Liquids plant and the 300 megawatt natural gas power plant at Wales, West Bank Demerara, the Indian High Commission said. The deal was inked ...