GUYANA’S President Dr. Irfaan Ali has urged Indian entrepreneurs to explore investments in his country.
Dr. Ali told the Global Investors Summit in India that Guyana is keen on forming partnerships and consortiums in order to unlock potential.
He said his country could become an international business leader like the United Arabia Emirates and Qatar.
He is particularly interested in attracting investments in the thriving hydrocarbon industry.
Guyana currently produces an average of 340,000 barrels of oil per day, and aims to expand production to 1.664 bpd by the end of the decade.
Dr. Ali said: “We are ready for investment, coordination of policies, to simplify the process and to make it easier for the private sector to invest.”
He said there was “tremendous potential and opportunity” for investors.
“Over the next seven years,” he stated, “we are building an economy that will be functional, sustainable, highly competitive, and resilient…”
