Amid a feud over statements about the Trinidadian economy in comparison to Guyana, Port-of-Spain-based businessman Derek Chin has encouraged business people as well as people from all walks of life to head to this country where he said that opportunities are plentiful.
He told the Trinidad Sunday Guardian that people are also seeing opportunities in Guyana’s entertainment sector and money to be made there. Guyanese-born Chin, who came to T&T as a child, is optimistic about Guyana’s future.
He told the Sunday Guardian that Guyana’s past is one of poverty and underdevelopment but qualified that by saying that the recent oil discovery in Guyana will catapult the country into a “behemoth.”
Chin opened a MovieTowne complex in Guyana in 2019.
He said he invested US$50 million in the project. It came at a time when there was political conflict and one year later, the pandemic arrived.
He added that not long after MovieTowne was opened in Guyana, the country struck gold with large oil discoveries. He remains excited about MovieTowne’s future and the future of Guyana in general.
Chin described Guyanese as intelligent and hard-working people and encourages investors to put their money there.
At the same time, he said Guyana was a newly developing country so a lot of work has to be done to develop basic infrastructures like power plants, water, roads and other basics. Chin is hopeful over the next few years there will be a major transformation, the Sunday Guardian reported today.
