The Dominican Republic Chamber of Commerce in Guyana (DRChamGuyana) was inaugurated during the Guyana Energy Conference and Supply Chain Expo 2024” at the Marriott Convention Centre in Georgetown, Guyana.
This follows the inauguration of the Guyana’s Chamber of Commerce in the Dominican Republic (GuyanaChamDR) which took place in Santo Domingo on January 19th, 2024.
A press release from DRChamGuyana described both chambers as ‘one and the same’ featuring a robust private sector board that will be able to host on-site presence in both countries while offering tailored assistance to its members. DRChamGuyana said potential members must undergo a thorough due diligence screening process to confirm their historical track record to properly support the Chamber’s bilateral intentions.
The Chamber said it was able to co-organize, alongside both governments, a visit to Guyana by the largest Dominican Republic official and private sector delegation ever to visit a foreign country, which it described as proof of its collective interest in fostering a bilateral relationship with Guyana, and which resulted in the reciprocal visit of a Guyanese delegation to the Dominican Republic, another historical milestone achieved as part of this bilateral dialogue.
Over last few months, the release said, the Dominican Republic Government supported the Chamber in the advancement of the following: The InterEnergy Group signed an MOU with Guyana Power & Light to invest and assist in the infrastructural and operational redesign of its current energy grid. Grupo Punta Cana confirmed their commitment to develop an Eco Resort and has also signed an MOU with the Cheddi Jagan International Airport to explore areas of cooperation, and possibly invest in a new terminal, pending further assessments.
Sky High Dominicana has established a direct flight route between Georgetown and Santo Domingo, with its maiden flight on the 18th of February, 2024, while offering three flights per week initially, and Guyana’s President, Irfaan Ali, formally invited Dominican President, Luis Abinader, to attend the United Nations Security Council meeting, an invitation which the Chamber says demonstrated a clear expression of the strategic character of the bilateral relations between Guyana and the Dominican Republic.
The release referred to two consortiums both of which are currently engaged in construction projects across Guyana. United Caribbean Energy Inc., the release says, is a Guyanese based consortium made up of the private sectors of both the Dominican Republic and Guyana in partnership with Lindsayca Inc. The intended purpose of this consortium, the release says, is guaranteeing energy security for the Caribbean region. Therrestra is described as a pioneering firm in the construction sector within the Dominican Republic and the Caribbean. In Guyana, they are currently developing the Hotel Four Points by Sheraton, the Palmyra Berbice Cricket Stadium as well as a Government Office Complex in Georgetown. With these projects underway, Therrestra reinforces its role as a key player in infrastructure development in Guyana, reflecting its commitment to excellence and innovation in the Caribbean construction sector.
Miguel Angel Gonzalez, CEO of The Nest Trust and President of the Dominican Republic Chamber said, “These efforts are only the beginning of the bilateral relationship. As the Chamber moves forward, there will be an exponential increase in investment by the Dominican Republic, as we continue to foster a win-win relationship for both nations. There is so much we can do together, and learn from each other, and if we do everything the right way, the entire Caribbean will benefit from this new partnership.”
Among the attendees were Ernesto Torres Pereyra, Ambassador of the Dominican Republic to Guyana; Miguel Gonzalez, CEO of The Nest Trust and President of the Bilateral Dominican Republic & Guyana Chamber of Commerce; Rolando Gonzalez-Busnter, Chairman of Interenergy Group and part of his executive team and Peter Ramsaroop, G-Invest Chief Investment Officer.
