President Irfaan Ali rolled out the welcoming carpet for investors from Europe this morning as he addressed an Invest in Guyana Forum, organised by the European Union Delegation in Guyana.
The virtual event has brought together more than 500 investors from countries all across the globe who are seeking investment opportunities in Guyana and South America.
President Ali told the potential investors that Guyana creates the perfect setting for investments that will have long term impact and benefits.
He spoke about the links to other South American and Caribbean markets and the development of the oil industry here.
According to the President, “investors doing business with Guyana can be assured of an ever improving and enabling environment for business. They can be sure of a growing economy which will support business expansion. They can anticipate a macro-economic framework that guarantees stability and protects their assets. They can expect fiscal incentives to attract their investments and ensure greater competitiveness and they can look forward to improvements in the ease of doing business and the respect of property rights and the rule of law”.
In making his case for investment from Europe in Guyana, the President reminded the investors of the close ties that Guyana and the EU have shared for over four decades.
He said “For the past 45 years, it (Guyana) has been engaged in an economic partnership with Europe and is therefore not an unknown destination to European investors. Guyana is strategically located and offers access to key markets including the Caribbean. Guyana welcomes investors from Europe and we look forward particularly to European foreign direct investments in Guyana and for Euro-based firms to partner with local companies”.
The President also told the forum that Guyana is preparing to roll out a number of transformative projects that will be suitable for investment including direct investment and public and private sector partnerships.
The Invest in Guyana Forum has also received support from the Guyana Office for Investment, the Caribbean Export Development Agency and the Caribbean Association of Investment Promotion Agencies (CAIPA).
The Head of the EU Delegation in Guyana, Ambassador Fernando Ponz Cantó said Guyana is ready for investment. He encouraged European investors to take a serious look at investing in Guyana since the opportunities are plenty.