The Ministry of Housing and Water will develop some 2000 acres of land on the East Coast Demerara (ECD) that will provide housing for high, middle, and low-income earners.
This is according to President Irfaan Ali. The Head of state was at the time delivering remarks at the sod-turning ceremony of the new state-of-the-art AC Marriott Hotel at Plantation Ogle, ECD.
According to President Ali, private developers will invest in upscale housing on 300 acres of land along this corridor.
“2000 acres of development for middle income, high income, and low-income houses to support the type of investment that will be made here,” President Ali added.
President Ali also revealed that the Ogle International Airport would see an expansion, and to complement that expansion, many corporate multinational headquarters, and world-class medical facilities will be constructed.
In the La Bonne Intention (LBI) area, an industrial and commercial zone will be developed to support the investments made in this area.
The Head of State said, “All of this will bring new traffic, people who will need services of a hotel because when they come to do business, and they come to visit their headquarters, and they come to lecture or to work in the specialty hospital, there’s accommodation closely.”
The Head of State said that Guyana’s expansion of its hotel pool is not part of a narrow goal of increasing the country’s room capacity but part of a holistic plan of building a sector in which hospitality is the main cornerstone of growth and development.
The AC Marriott Hotel is expected to cost more than US$45 million and will add more than 150 rooms to Guyana’s capacity. It is expected to be completed in 2024.