Guyana attracted US$500M in foreign direct investment last year. The People’s National Congress Reform (PNCR) says this is a result of the steps taken by the David Granger led Coalition.
PNCR Executive Member, Rear Admiral (Retired) Gary Best, reading from a prepared statement at Congress Place this morning, said that under the regime, Guyana has seen an “unprecedented” surge in investment into the country. He said that investment ran across various sectors including oil and gas, agro-processing, manufacturing and tourism.
This, he said, is more than double the US$225M in foreign investment that was made under the former government, the People’s Progressive Party/Civic (PPP/C) in 2014, and almost four times the US$135 million that was invested in Guyana between 2005 and 2009.
Best noted too that the growth in investment augers well for job security since, according to him, the Guyana Office for Investment (GO-Invest) recorded over 220 investment deals signed by domestic and foreign companies, which will provide over 15,000 jobs.
Best spoke also about the government strengthing ties with Mexico to expand trade in the fields of agriculture, disaster management, education, oil and gas, and measures to resuscitate the coconut industry.
“Qatar Airways is to begin flights to Guyana and US Airline JetBlue has also announced plans to open up a new flight between New York and Georgetown. This is all part of the steps that are being made by President David Granger and the APNU+AFC Coalition to restore and transform Guyana’s reputation on the international stage,” the former Chief-of-Staff said.
The PNCR Executive Member related that the government is attracting the “necessary” investment to develop high value-added industries so that more money can be in the pockets of the citizenry, and provide better job opportunities for the nation’s youth.