US companies interested in investing in Guyana – US Ambassador
US Ambassador to Guyana Sarah-Ann Lynch says a number of American companies have expressed interest in investing in Guyana.
“Over the last three years, the US Embassy has experienced a steady increase of inquiries from companies at various stages of the foreign investment process who are interested in working in Guyana,” the Ambassador said.
The Ambassador was the guest speaker at the 27th Annual General Meeting of the Private Sector Commission held at the Marriott Hotel in Georgetown on Friday.
In her remarks, the Diplomat said, “Promoting responsible and sustainable economic growth is one of my top priorities as Ambassador.”
With oil production set to begin in a few months, the Ambassador said that these companies are not only interested in the petroleum sector.
“We see interest from companies working in engineering, healthcare, telecommunications, infrastructure, air transportation and information technology, just to name a few. Guyana has burst onto the world stage and is no longer the hemisphere’s best-kept secret,” the Ambassador said.
She made reference to Guyana’s participation at the Offshore Technology Conference (OTC) in Houston, USA in May, noting that was a large investment interest in Guyana.
“Guyana’s booth, a first for Guyana, received a steady stream of visitors and the Guyana-specific events were very well attended,” the Ambassador remarked.
The Ambassador said the conference’s break-out session on Guyana’s oil fields had more than 300 representatives filling the room from various American companies.
In addition, a Guyana-themed happy hour networking event saw over 400 people.
“Between all these Guyana-specific events, by the end of the OTC, it was more than clear to everyone in attendance that Guyana is fully on the map.”
The Ambassador commended the number of Guyanese businesses that signed deals and started business relationships at the conference.
Due to the success of the conference, the Ambassador said that the Guyana International Petroleum Business Summit and Exhibition (GIPEX) event scheduled for November this year will no doubt be a huge success.
“That event is on track to a big success, including the attendance of a fortune 500 corporate delegations,” the Ambassador said.
With all this commercial interest in Guyana, the Ambassador said that the US Embassy will do its best to assist both US and Guyanese companies.
“This assistance comes in a variety of forms. Every year, the Embassy releases a Country Commercial Guide, including an updated Investment Climate Statement.”
The Ambassador explained that these documents outline the business climate and help inform how interested companies can invest in Guyana.
The Ambassador said the Embassy is committed to maintaining an active database to assist companies from both countries.
“These symbiotic relationships are good for Guyana and for the United States. I encourage businesses interested in being added to this database to reach out to our economic staff,” the Ambassador said.