This sector remains one of the most integral sectors for the future development of Guyana. Its growth is guaranteed by local and regional mandates to reduce the food import bill of 25% by 2025 and is urged on by increased funding opportunities and investment engagements between Guyanese companies and foreign entities.
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Agro-Processing continues to have tremendous input in the GDP of Guyana. Agro processing sees the research, development and transformation of local agricultural items into value added products for local, regional and international consumption. This sector is proactive with ensuring that small businesses and niche markets are explored for the development of Guyana.
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Given the scope and magnitude of the local oil economy and its derivative effects and that being further bolstered by the Guyanese local content legislation, construction and engineering services will undoubtedly explode given their importance for the nation’s growth. Our subsector is supported by technical working groups, public policy representation and investment and development networking.
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Precious stones and minerals have long since been a major contributor to GDP rivaled only by agriculture and its importance will only grow as global commodity prices continue to rise. Further, with the ramping up of construction and other economic activities, both locally and beyond, other markets such as aggregates, concrete and sand will become essential to sustaining growth.
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This sector, while developing at a rapid pace, awaits strong investment and expansion in order to reach its fullest potential. The burgeoning Oil and Gas sector will provide robust impetus for development in the services industries as internationally recognized quality and standards are important factors at play. Some of the areas of opportunity for investment include transportation and logistics, energy provision, information and communications technology (ICT), hospitality and accommodation, telecommunications, consultancy and professional services, and entertainment among others.
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Information, Communication and Technology is the infrastructure and components that enable modern connectivity and digital freedom. With the technological resources and devices, it has become clear that it is a vital component of any successful business. With Guyana’s current position, ICT is framing the future for development and sustainability of our people.
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Being a burgeoning industry, there are significant opportunities for growth and development within this sector. Markets include medicine and pharmaceuticals, sanitary products, fertilizers, industrial chemicals among others.
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Another nascent industry within which lies great potential for capturing value in local and regional markets. This subsector is supported by policy representation, investment and development networking and access to training and capacity building.
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