Investors in the United Arab Emirates (UAE) were told by President Dr. Irfaan Ali today that
Guyana is ready to take its transformative steps into the future and that it is an open economy
with investor-friendly policies.
The President who delivered the feature address at Guyana’s National Day celebrations at Expo
2020 Dubai not only highlighted the country’s potential, but its strategic location, its harmonious
diversity and its picturesque natural attractions. “Guyana needs to convert its abundant resources.
We need you. We welcome you, and we urge you to remember the name Guyana and to keep the
name Guyana in your plans for growth and development, both in country and by businesses and
sectors,” Dr. Ali said.
President Ali said that his Government is business-friendly and that his country has laws which
“protect the right to property and which also allows freedom to repatriate profits”. “We need
investment to drive our transformative agenda, and we are keen on attracting investments across
all sectors.” President Ali highlight Guyana’s potential, listing several facts about the country,
including its irreversible growth trajectory. He listed these as its natural richness, its current
position on the investment radar due to its oil, and its multitude of sectors, including agriculture,
that have the capacity and potential for massive expansions. “Guyana is the most resource-rich
country in the English-speaking Caribbean. If we speak about world food production,
environmental services, world-class eco-tourism, freshwater potential, mining opportunities,
research and development, human transformation, health and educational services, I assure you
Guyana will be an important part of that conversation,” he explained.
DECARBONISATION OF ECONOMY
Although the focus was on investment opportunities, the President highlighted the progressive
nature of his country, including its drive towards preservation and protection of its environment.
“We will c ontinue to pursue oil production offshore, but onshore we will definitely intensify the
decarbonisation of the economy. We will do so principally on an expanded Low Carbon
Development Strategy, which will emphasise low levels of deforestation, biodiversity protection,
freshwater management, the sustainable development of the marine economy and conservation,”
the President assured.
The country’s tourism potential was also highlighted, particularly its sustainable tourism
development drive.
HUMAN RESOURCES
President Ali said that the drive behind Guyana’s transformational agenda is the development of
its human resources. “Guyana needs to convert its abundant resources – material and human –
into wealth and thence to translate this wealth into human prosperity. But in order to do so,
Guyana needs investment,” he said. He noted that the country is in its “finest era” and will
progress with all of its people. “We want to see a modern Guyana which will mould the next
generation of our children and provide them with the best life that we can offer. We want to
build a more inclusive society in which our diversity is celebrated…. We want to ensure a
prosperous country where our people can enjoy high standards of living, including a 21st-century
education and world-class health services. I want Guyanese to enjoy these and other benefits in a
healthy, safe, and secure environment,” he declared.
Meanwhile, First Lady, Arya Ali accompanied by Finance Minister, Dr Ashni Singh; Tourism,
Industry and Commerce Minister, Oneidge Walrond; Culture, Youth and Sport Minister, the
Charles Ramson Jr. and other officials are in Dubai.
It was disclosed that Guyana’s exhibition pavilion is being managed by Ms Chevon Lim,
Commissioner-General, Expo 2020. An estimated 192 countries are participating in Expo 2020
Dubai, which runs from October 1, 2021, to March 31, 2022.
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