The Saudis will not come to Guyana to do any form of long-term investment

Dear Editor,

 Great attention attracted President Irfaan Ali’s garb during his address to the large Saudi Arabia business delegation at the Arthur Chung Conference Centre. It is no secret that the Head of State is a Muslim and that was evident before he took the oath of Presidency. As a matter of fact, President Ali’s support mostly comes from the other religious class structures across Guyana; so what is this big fuss? I was present when His Excellency delivered his speech to the Saudi Minister and visiting business delegation. The President did not mince words, he was forthright and direct. The President understands the culture and how the Saudis operate. Hence, he challenged them to establish an office locally to facilitate the smooth flow for prospective trading activities. Editor, in the past I did business with the Saudis, and I can say with assurance that they will not come to Guyana to do any form of long-term investment. The Saudi-Arabs want to get maximum profits in the shortest possible time with minimum investment.  Unlike us Guyanese businessmen, they are not prepared to wait ten years or longer for return on an investment.

Sincerely,

Nazar Mohamed

Businessman