President Irfaan Ali has made it clear that his Government has no preferential partners when it comes to facilitating investments with other countries.
The Head of State who spoke at an Investment Engagement between Guyana and Saudi Arabia made it known that “This Government that I am in charge of is not wedded to any preferential partner, whether they are from East, West, North, South, North East, North West wherever, our only objective is to get the best possible outcome for the people of the country […] we are not hooked on any ideological partner, we are not hooked on any partner by superiority, we are not hooked on any partner by ethnicity. We are hooked on partners who embrace us with principles and values and give Guyana the best possible deal.”
He said it is critical to ensure that Guyana gets the best deal because the people “deserve it.”
And even though Guyana has received promising commitment from the Saudi delegation, the Guyanese Head of State implored them to stop the talking and take action.
“Let us not go in circular motion […] if you want to be our partners and you are ready to be our partners let’s take the conversation forward… let’s put our people in a room and agree to remove all the barriers in that area,” the Head of State posited.
He also assured them that they will not be treated less than any other foreign investors doing business with Guyana.
Possible areas of investments that were highlighted are energy, infrastructure, housing, agriculture, and tourism among others.
The Guyanese Head of State told the delegation to not lose this opportunity and invest now because “It will be too expensive in a year and a half from now,” as he talked up growth in Guyana’s economy.
As the President concluded his address with loud applause from the gathering at the Arthur Chung Conference Centre, Deputy Minister for Investors Outreach, Mr Badr Al Badr said that Saudi Arabia is ready to work with the country to further contribute to the economy’s growth and strengthen the relationship between the two countries.
Guyana established a formal diplomatic relationship with the Kingdom of Saudi Arabia on February 22, 2012.