IN a bid to foster stronger bilateral ties, President of the Georgetown Chamber of Commerce and Industry (GCCI), Mr. Kester Hutson, called on the visiting Finnish business delegation to explore opportunities for partnership with local companies.
Hutson’s remarks came during the “Guyana-Finland: Partnerships for a Sustainable Future” seminar held on Tuesday at the Guyana Marriott, organised by the Ministry for Foreign Affairs of Finland.
GCCI President, Kester Hutson
Addressing the seminar’s attendees, Hutson highlighted the success of past joint ventures between local and foreign companies, emphasising that Guyana offers a wealth of opportunities for investment. “You come with the capital, you come with the expertise, and we will support you to grow your business,” Hutson stated. He pointed to sectors such as agriculture, tourism, and health as key areas ripe for collaboration and investment.
The GCCI president stressed the importance of engaging with the local private sector to uncover synergies, noting that Guyana is at a pivotal stage of its development, with numerous avenues for sustainable growth. He also reminded the attendees that this was the third such event held in collaboration with Finland, following similar business networking events in 2020 and 2022.
Senior Director of Investment, John Edghill, also addressed the forum, urging Finnish investors to seize the opportunity to invest in Guyana. He outlined the country’s strategic location, which serves as a gateway to both the Caribbean and South America, offering access to a combined market of over 435 million people. “Now is the ideal time to invest,” Edghill stated, emphasising that Guyana’s rapidly growing economy, ecotourism appeal, and leadership in climate change initiatives make it a prime destination for international business.
Edghill also noted the country’s abundant natural resources, including arable land, freshwater, and a skilled workforce. He pointed to Guyana’s commitment to food security through the CARICOM 25 by 2025 initiative, as well as energy security, with the Gas-to-Shore project set to reduce electricity costs by 50 per cent by 2025. These initiatives are expected to drive further expansion in manufacturing and create new investment opportunities.
The seminar was also attended by EU Ambassador René Van Nes, who praised Guyana’s vision for sustainable development, highlighting its Low Carbon Development Strategy and commitment to food, climate, and energy security. Non-Resident Finnish Ambassador Pertti Ikonen also expressed optimism about the potential for Finnish-Guyanese partnerships, underscoring the country’s future prospects.
Hutson and Edghill’s comments were further supported by leaders from private sector organizations, who expressed confidence in Guyana’s stable, democratic environment and its commitment to honoring business agreements. As the country continues its trajectory of economic growth, the seminar served as a key platform for strengthening business relationships and opening new doors for sustainable investment.
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Publish date : 2024-11-05 19:09:00
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