Construction, Technology Contracts Secured from Trade Mission to Guyana  

 

• Jamaica’s recent trade mission to Guyana was a success, with several contracts established, especially in construction and technology, to supply Guyana with building materials and technological support. The construction supplies, which are soon to be exported, will aid in the development of roads, hospitals, schools and lower- to upper-income housing solutions. Additionally, local ICT companies will lend support to Guyanese financial institutions to improve their customer experience.
• Minister of Industry, Investment and Commerce, Senator Aubyn Hill, who led the six-day mission, from January 23 to 28, provided details during a JIS Think Tank. A total of 73 delegates across 42 local companies went on the business trip, which also facilitated the strengthening of previously established partnerships with Guyanese businesses, coming out of the first trade mission to the country in October 2022.
• Senator Hill highlighted that the HEART/NSTA Trust, which was a part of the delegation “was a super hit”. He said that the Guyanese Minister of Labour, Hon. Joseph Hamilton instructed members of his team to work with the institution to establish a Memorandum of Understanding (MOU) to offer training in all areas of business in the country.
• Guyana has the fastest-growing economy in the region with IMF projecting GDP growth in 2023 of around 25.2%. Securing partnerships in Guyana will enable businesses locally to secure trade opportunities, ultimately bolstering their bottom lines and aiding the growth of the local economy.

(Source: JIS)