Agro processing is the biggest are for investments

 

GO-Invest’ CEO, Owen VerweyChief Executive Officer of the Guyana Office for Investment (GO-Invest), Owen Verwey, says that agro-processing remains the leading option for investments in Guyana.

Verwey said that Guyana is a natural resource-rich economy with the largest land mass in the Caribbean. He explained that the country has the potential to feed the Caribbean with agriculture high on the agency’s agenda.

“This government is about to embark on a massive infrastructure development programme with the opening up of areas in industries and agricultural and into the natural resource location – that has been a key issue and to some extent that has been a limiting factor…” he said.

The CEO remains optimistic that Guyana’s economy is expanding and will attract more investors in the various sectors. He stated that GO-Invest remain ready to facilitate the process.

“You want to be in there in the first wave to get you maximum return for your investment. So the economy is opening up. A lot of processes are changing; we are consolidating a lot of processes to make things much easier and making it as much as possible a ‘one stop shop’ through this agency. We are collaborating with other agencies to make the process easier for quite a few people and there is great potential for this economy in the next five to 10 years.”

The Ministry of Business has started to revamp GO-Invest, hiring a new CEO as part of the process.