Investing in Guyana
Guyana is poised to experience economic ‘boom’
Guyana’s economy was ranked among one of the five fastest growing economies in the world by Nasdaq, Bloomberg and the International Monetary Fund (IMF); at a time when the rest of the world’s economy is in decline. The country’s GDP for 2019 was US$4.28B, a 10.36% increase from 2018 and is expected to have a 26.2% growth in 2020 according to the IMF revised forecast. Exxon Mobil has projected to produce at least 750,000 barrels of oil per day by year 2025.
Guyana is on the verge of becoming the largest oil producing country in the world on a per capita basis. Guyana is already preparing for this by putting in place the regulatory framework to manage the sector and the investments that would follow.
Other productive sectors such as tourism, agriculture, construction, manufacturing, energy, transportation, mining and services is set to significantly expand and offer broader scope of investment opportunities.
Guyana is the only English-speaking country located on the Northern coast of South America and classified as a lower-middle-income country, with US$5,000 per capita income (2019), GDP of US$4 billion and a population of approximately 750,000. The structure of Guyana’s economy is relatively diverse, such as gold, diamond, and bauxite mining, agriculture, fishing and livestock, forestry, rice, sugar, gold, manufacturing and services, engineering, and construction.
With recent oil discoveries, Guyana’s gross recoverable resources is now estimated at more than 9.0 billion barrels, making it one of the most significant global finds in recent years.
The Government under President Irfaan Ali is committed to economic transformation of Guyana and has embraced an investor friendly and a strong private sector position. To stimulate investment across Guyana, the Government is offering a wide range of tax and fiscal incentives to investors in addition to investing billions with upgrade infrastructure, education and energy.
GO-Invest Opportunities
AGRICULTURE
Meat Processing Operation
Abattoir and Packing House
Seafood and Fish Processing Operation
Large Scale Cattle Ranching
Large Scale Pig Rearing
Large Scale Farming- Fruits and Vegetable, Etc.
Expanded Poultry Rearing
Value Added Coconut Processing
Dairy Operation
Value Added Diary Products
Production (Cheese, Yogurt etc.)
Canning and Packaging of Fruits and Vegetables
Packaging Facilities for Food and other exports
Corn and Soya Bean Production
Certified Organic Farms
M O R E ...
MANUFACTURING
Garment/ Textile Factory Cosmetics Manufacturing Pharmaceutical Manufacturing Value Added Jewelry Production for Export Pre Cast Factory Glass Factory Coco Peat Manufacturing Animal Feed Production (Rice Barn, Wheat Middling) Herbal Teas/ Essential Oils Production Gluten Free Products- Rice Flour, Noodles etc. Furniture Factory Operations for Machinery and Equipment Clay Brick Factory Biodegradable containers and packaging M O R E ...
SERVICES
Teaching Hospitals Financial Institutions/ Banks International Universities International Business Parks Specialize Medical Centres Sanitation and Water Treatment Infrastructure Storage and Warehousing Operations Shipping and Logistics Air Cargo (for fresh and Frozen Produce) Laundromats and cleaning services Internationally accredited Training Facilities Conference Facilities Recycling Plant M O R E ...