Investors from Brazil yesterday met Chief Executive Officer of the Guyana Office for Investment (Go-Invest), Owen Verwey, to explore investment opportunities in Guyana’s economy, GINA said.
At the Brazilian Cultural Centre, Church Street, investors and other officials of the neighbouring country gathered to have their questions answered.
Verwey told GINA at the end of the meeting that the main concern for the Brazilians is acquiring land to start businesses, specifically in the manufacturing sector. Verwey said lands acquired will not be transported, but instead leased.
“We’ve got a total of 45 visitors from Brazil most of them are investors, potential investors looking for opportunities in Guyana. (They are) mainly government officials or politicians. The primary interest here is they are looking for lands, lands on a large scale for rice and for soya bean mainly because on scalability it has to be at that level for them to be efficient and for them to be able to compete on the world market,” the Go-Invest head told GINA.
Verwey noted that the potential investors are interested in lands in specific areas; most likely close to Brazil, and to partner with industries to have a greater chance of competing in the local market.
The Go-Invest, CEO added, “It does seem very likely that there will be more negotiations. This is just an advanced pre-feasibility mission. Looking at the opportunities here, they are looking to talk to existing players in the agricultural industry for partnership opportunities available, but it looks as though they are looking for lands that means, for the Government of Guyana, opening up of new lands in the various locations.”
Based on feedback from yesterday’s meeting, Verwey said that investments can be expected from Brazil in the suggested areas, as well other proposed areas such as oil and gas, tourism, mining, agro-processing and forestry.
