“We need to see more investments from local private sector” – Bharrat

…GO-Invest CEO outlines new and emerging opportunities

While lauding the members of the local private sector, who are stepping forward and making new investments, Natural Resources Minister, Vickram Bharrat has also issued a call for more local investors to be bold enough to take advantage of the opportunities springing up.

During Monday’s launch of the 2025 Guyana Energy Conference and Supply Chain expo, the minister spoke of the growth in Guyana’s supply chain. Bharrat pointed out that the fact that the conference will not focus solely on opportunities in oil and gas, is testament to this growth.
“Even today, as people come to Guyana in search of opportunities in the new oil and gas sector, we have a conference that will highlight opportunities across all sectors. So again, it shows that we’re committed to diversifying our economy.”
“And not only to focus on one particular sector. And this is something I think Guyana as a new oil producing country, we’re becoming a role model across the world,” the Natural Resources Minister said.
According to Bharrat, other countries are looking to Guyana as an example because the country has been able to diversify, rather than focus on one sector. He emphasised the importance of all the economic sectors. The Minister did make a call, however, for more of the local private sector to step forward and make new investments in the various sectors.
“We have continued to grow and incentivise and expand all the sectors. Today, when we launch our energy conference, it is not only an energy conference. But it is a supply chain expo. Because all of these sectors are critical and important in building out the oil and gas sector in Guyana. And we’re seeing those opportunities today and I’m happy that our local private sector is taking advantage of those opportunities too.”
“Sometimes I know we’re very critical of the private sector not stepping up, as much as they should. But we also need to recognise the ones who have really taken that bold initiative and step to invest in the oil and gas sector. So, we want to call on more investments from local private sector,” he said.

Emerging opportunities
Guyana Office for Investment (GO-Invest) Chief Executive Officer (CEO) Dr. Peter Ramsaroop, who was present at the launch, meanwhile elaborated on some of the new emerging opportunities for investors. These are opportunities that are being created in tandem with the government’s developmental policies, such as the Gas-to-Energy (GtE) project.
“When you think of the energy cost coming down in 2025, as promised by our government, what happens 25 and beyond, when our President takes office again? It’s the shifting of Guyana’s development. That new wave, which are some of both the small, medium and large projects.”
“But when you think of cheaper energy, you think of bauxite finds, you think of aluminum, you think of glass, gold refinery. Those are things we dreamt about. When you think of deep ports, the connection with Northern Brazil and what we’re building between (Dominican Republic) and Guyana, it tells how fast or how far Guyana has come,” Ramsaroop said.
Ramsaroop therefore urged investors to be cognisant of this next phase of opportunities coming Guyana’s way and to enter the conference, which is being held from February 18 to 21, 2025 at the Guyana Marriott Hotel under the theme “Connecting the Dots: Integrating the Future’, with a mindset of taking advantage of these opportunities.
The energy conference is expected to bring together at least 7000 delegates, over 180 booths and more than 80 companies on board. There will also be over 70 speakers at the conference. It is expected that regional and international Heads of State, industry experts, and international innovators will grace the event. (G3)