Guyana has several specific areas that attract investment. The Government of Guyana treats the investment sectors independently and stimulate growth and development in each by offering sector-specific investment incentives.
Opportunities within the Energy Sector
- Guyana’s emerging World Class Oil and Gas discoveries as well as Guyana’s status as the home of the CARICOM Secretariat, presents opportunities for investors to develop business services (e.g. convention services, catering, VIP transport, communications, logistics, training and development etc.) targeting international business people, multilateral organizations and non-governmental organizations.
- Guyana’s vast natural resource base provides the country with significant options for the development of renewable energy sources.
- There are opportunities to harness Guyana’s vast natural resources to commission various scales of projects, from micro and pico-hydroelectric plants for hinterland electrification, to medium-sized renewable energy projects for the national grid, to larger scale hydropower projects for the export of electricity.
- The development of hydroelectricity promises a more reliable, cost effective, and renewable form of energy. Guyana’s hydropower potential is estimated to be about 7,000MW.
- Opportunities exist for power generation options from rice husk and wood-waste and high-pressure bagasse-fueled cogeneration to augment power generation capacity, where feasible, to cater to higher demand over time.
- Guyana is a party to a Memorandum of Understanding on the Northern Arc (Arco Norte) Interconnection Project which seeks to evaluate the feasibility of a possible collaboration on the energy transmission system for the electric interconnection of Guyana, Suriname, French Guiana and the northern cities of Boa Vista (State of Roraima) and Macapá (State of Amapa) (the Northern Arc Countries).
- The Government of Guyana intends to deliver electricity to remote riverine villages, facilitate markets for the sale of biodiesel to the power producers in remote locations, and work closely with farmers to encourage the use of bio-digesters at the household level.
- The nexus between electricity and transportation will become more pronounced as continued work to promote the use of hybrid and electric vehicles is carried out.
Opportunities in the Non-Traditional Agriculture Export Sector:
- The international demand for fresh fruit is growing. Market potential exists for citrus fruits such as oranges, grapefruit, tangerines, and limes, as well as exotic fruits such as mangoes, sapodillas, papayas, pineapples, and passion fruit. In addition to exportation, opportunities exist for fruit farmers to supply the tourism industry as well as the expanding agro-processing industry in Guyana and the Caribbean.
- Export opportunities exist for a range of vegetables such as cucumber, pumpkins, watermelon, melon, saeme, bora, and callaloo within the Caribbean and North American markets. In addition to fresh produce, current opportunities exist to supply Guyanese or Caribbean food processors with raw inputs.
- There is potential to increase Guyana’s exports of selected plantain, roots and tubers to ethnic markets in the Caribbean, North America and Europe. Opportunities also exist for malanga, breadfruit and ground provisions as raw inputs in the snack food industry.
- Guyana, having large tracts of land free of agricultural chemicals, provides a unique opportunity to meet a growing demand for organic products in North America and Europe. Organic cocoa, pineapple and heart of palm are already being grown for export.
- Herbs and Spices – There is growing demand in the Caribbean, North America and Europe for hot peppers, eschallots, celery and other ingredients for seasoning, all of which grow abundantly in various parts of Guyana.
- There are excellent investment opportunities to produce meat (beef and mutton), poultry products, milk and milk products for both domestic consumption and export to the Caribbean.
- Opportunities exist for processing, or semi-processing, produce and animal products. Already, Guyana’s exotic and gourmet food products are in demand in Caribbean, North American and European markets. Products with a large growth potential include jams, jellies, sauces, processed spices and fruit puree blends.
- Since the non-traditional agricultural sector is still emerging, there is an ongoing need for investment in inputs, machinery, and support services. There are opportunities for air cargo service providers to expand flights for agricultural exports, as well as for investments in cold storage facilities, post-harvest handling, and packaging services.
Opportunities in the Mining Sector
The Government is interested in securing large-scale investors for the mining industry, especially in the areas of:
- Gold and Bauxite, for exploration purposes and to improve the efficiency and productivity of operations.
- The mining and value-added production of semi-precious stones, laterite, manganese, kaolin, sand resources, radioactive minerals, copper, molybdenum, tungsten, iron, and nickel among others
- There is need for processing labs and drilling companies.
Opportunities within the Tourism Sector
While enormous tourism potential exists, there is an ongoing need for investments that develop and upgrade the facilities and services that make up Guyana’s tourism product. Investors can choose of from the following diverse investment opportunities:
- There are opportunities for investments that improve Guyana’s existing tourism products and attractions. These include the development of the Kaieteur Park area as a major tourist destination, recreational facilities and activities (e.g. rafting, boating, tennis, horseback riding and golf), and accommodations (e.g. eco-lodges or resorts) in the interior.
- Opportunities exist for the development of niche tourism markets and the services to support these new markets. For example, there is a need for investments in the infrastructure, facilities and services to support market segments such as bird watching, yachting and deep-sea or river fishing.
- There are ongoing opportunities for investments in new hotels and restaurants able to meet the demands of discriminating international tourists and business people.
- Guyana’s emerging World Class Oil and Gas discoveries as well as Guyana’s status as the home of the CARICOM Secretariat, presents opportunities for investors to develop business services (e.g. convention services, catering, VIP transport, communications, etc.) targeting international business people, multilateral organizations and non-governmental organizations.
- As Guyana’s tourism industry grows, there is an increasing need to expand the availability of tourism-related transportation services. This includes an expansion of scheduled and chartered air services to and from Guyana, as well as boat and car rental services.
- Guyana has several established craft shops, but increased interest and demand for these crafts provide opportunities to expand production.
Opportunities within the Forestry Sector
Several rewarding opportunities exist for investors interested in working with Guyana’s wood industry. These include:
- Furniture (e.g. hardwood and wicker), plywood and veneers, molding and doors, parquet, floor tiles, and other related products. Within these product sectors, additional value can be achieved on investments that meet the requirements of certain environmental and social certifications from organizations such as the Forest Stewardship Council (FSC).
- There are also several opportunities to expand the development and marketing of lesser-known species where utilization is well below capacity, or where species are yet to be utilized commercially.
Guyana’s Investment Guide: http://www.business.gov.gy/wp-content/uploads/2016/05/Attachment-1.pdf