Region 10 is moving into a new phase of private investment, production and export growth, with more than G$8 billion in approved investments recorded between 2020 and 2026, Guyana’s Chief Investment Officer Peter Ramsaroop said Wednesday.
Ramsaroop, who heads the Guyana Office for Investment, or GO-Invest, said the investments span several sectors and are expected to create hundreds of jobs, with local investors accounting for the majority of approved investment agreements.
Speaking during an investment and export engagement in Linden, Ramsaroop said major infrastructure improvements and the government’s private-sector development policies are positioning the region to play a larger role in Guyana’s economic transformation.
“The President’s vision is clear: Region 10 is playing a major role in Guyana’s economic transformation and is now moving into its next level of investment, production and export growth,” Ramsaroop said.
Private investment is being accompanied by growth in dairy production, soy and corn cultivation, red beans and other agricultural production, agro-processing, bauxite-related activity, tourism and hospitality, business process outsourcing and other services.
Ramsaroop said GO-Invest intends to place greater emphasis on building Region 10’s supply chain by identifying goods and services that major companies operating there currently source from Georgetown, other regions and overseas.
Potential opportunities for local businesses include industrial maintenance and fabrication, equipment rental and servicing, logistics and warehousing, construction inputs, value-added wood manufacturing, food processing, cold-chain services, specialised BPO and digital services, tourism and hospitality.
“Every dollar currently being spent outside Region 10 for something that can competitively be produced or supplied here represents a potential opportunity for a local entrepreneur,” Ramsaroop said.
GO-Invest is also seeking to move more Linden businesses into regional and international export markets by providing support in export readiness, product development, packaging, standards and certification, e-commerce and connections with overseas buyers and distributors.
Ramsaroop pointed to Linden-based Taz Foods and its dehydrated cook-up rice product as an example of how traditional Guyanese products can be processed, packaged and positioned for international markets. He said opportunities exist across CARICOM, Guyana’s diaspora markets, Suriname, Brazil and other international markets.
The region’s BPO sector is also being targeted for further expansion into higher-value services. Prochant currently employs 59 people in Linden and has another 15 trainees, according to GO-Invest. Ramsaroop said opportunities exist to attract investment in healthcare administration, accounting, insurance processing, data services and technical support.
Ramsaroop said ongoing investments in the Linden-Mabura corridor, the new Wismar-Mackenzie Bridge and upgrades to the Soesdyke-Linden Highway are strengthening Linden’s position as a production and logistics gateway connecting Guyana’s coast and interior with the developing trade corridor to northern Brazil.
“The next phase for Region 10 is about converting the opportunities being created into investment, production, jobs and exports,” Ramsaroop said.
The engagement brought together participants from Linden, Kwakwani, Ituni and Rockstone, along with representatives of the business and tourism sectors. Following the main session, a GO-Invest team led by Senior Director John Edghill held one-on-one meetings with participating companies to discuss investment needs, expansion, production and export opportunities.