‘Don’t miss the next wave of development’- Guyanese officials tell investors in Houston

Stakeholders attached to the Task Force on Guyana— a body established by the United States (US) Bilateral Chamber of Commerce—, of whom Michael Diaz, Jr. and Phillip Euell, convened at the Amegy Bank Tower in Houston, Texas on May 8 to discuss key investment opportunities in Guyana. The message was clear: investors should not miss the next massive wave of development set to unfold in Guyana, the world’s fastest growing economy.

The event saw participation from Aida Arissi, CEO of the Bilateral Chamber of Commerce; Marc Hebert, Chair of the Task Force on Guyana; and Heather Evans, Deputy Assistant Secretary for Manufacturing and International Trade Administration at the U.S. Department of Commerce.

The Guyana Contingent included Minister within the Ministry of Public Works, Deodat Indar and Guyana’s Chief Investment Office, Dr. Peter Ramsaroop.

The Deputy Assistant Secretary was keen to note that the Biden-led U.S. administration is supportive of Guyana’s development story. She said her department encourages U.S. businesses to work with Guyanese counterparts in deepening trade relations between both nations.

Evans also expressed optimism in Guyana leaning on U.S. companies for their experience, expertise and high quality solutions that can help it to excel in energy sustainability.

Meanwhile, Minister Indar said he was pleased to hear Evans register the support of the Biden administration for Guyana’s development trajectory.

The Guyanese official also spoke extensively about the work the Irfaan Ali-led government is doing to address several challenges including high power generation costs. In this regard, he said this is being tackled through the establishment of a landmark gas-to-energy project. This he said is poised to pave the way for a manufacturing boom that will boost trade relations between Guyana, its regional neighbors, and the wider global community.

Overall, Minister Indar urged that the time is now for U.S. businesses to penetrate the market in a manner that aligns with their strengths. His sentiments were also shared by Head of the Guyana Office for Investment, Dr. Peter Ramsaroop.

While Guyana continues to enjoy tremendous economic success on account of its oil sector, the Investment Chief said the next wave for the hydrocarbon producer lies in agriculture. He noted that Go-Invest stands ready to help US companies not only find the right partners, but also enjoy the conditions necessary to support their growth.

Like Minister Indar, he urged, “Don’t miss the next wave of development.”