Guyanese, Emirati company partner on $1.1B concrete manufacturing facility
Global Infrastructure Solutions Guyana Inc., a Guyanese-based engineering, procurement and construction firm, has entered into a joint venture with Unidome Global DWC LLC, an Emirati-owned company, for the construction of a 20,000 square foot manufacturing facility.
This facility is being developed at a cost of about US $5 million (or GY $1.1 billion) and it will be used to create Unidome’s state of the art voided biaxial slab technology in Guyana, a press release distributed via Press Wire for the Guyanese Smart City Clearing company Limited noted.
These voided biaxial slabs are a type of reinforced concrete slab which integrates air-filled voids to reduce the amount of concrete required. As such, there are cheaper construction costs and a reduced environmental impact.
Importantly, this slab technology will be used to help create the key infrastructure needed for the development of Guyana’s growing oil and gas industry. And, it is expected that this technology will become a critical building block as Guyana pursues an aggressive plan of building a deep-water harbor, a 100-mile Deepwater natural gas pipeline and numerous shore bases and industrial zones.
On Tuesday, a Memorandum of Understanding (MoU) was signed between the Chief Executive Officer (CEO) of the Unidome Global DWC LLC and the CEO of Global Infrastructure Guyana InC Troy Phillips. The signing ceremony was held at Unidome Global ’s MENA headquarters, and the partnership was facilitated by Steven Jasmin and Major Gavin Singh, Managing Directors of the Guyana focused Merchant Bank, Smart City Clearing Company Ltd. and its Guyana Affiliate Sc3 Guyana Inc.
The press release noted that Go-Invest CEO Dr. Peter Ramsaroop stated, “With many shore bases coming on line and over 2,000 hotel rooms in development, technologies like Unidome and partnerships with local Guyanese companies like Global Infrastructure Solutions Guyana Inc. are critical to Guyana’s long term success.”
The Global Infrastructure Solutions CEO added, “Global Infrastructure Solutions is honored to take part in this historic event as we work together to bring best practices and unique technologies to Guyana”.
Meanwhile, Steve Jasmin, the Managing Director of Smart City Clearing Company Ltd. and its affiliate Sc3 Guyana Inc., added: “Unidome’s cost effective and environmentally friendly technology will both help reduce the cost of infrastructure development while simultaneously helping to foster Guyana’s net zero emission goals.”
In this vein, it was noted that the Unidome technology helps to limit one of the largest contributors to C02 emissions in the construction industry by decreasing the total amount of concrete needed in projects for which it is incorporated.
In fact, it was stated that one container of Unidome eliminates 30 truckloads of concrete which helps to reduce construction costs by almost 30 per cent and greatly reduces the amount of carbon dioxide emissions that each new project generates.
Because of global supply chain issues and to help lessen Unidome’s carbon footprint, the press release noted that the decision was made to establish operations in Guyana to service not only Guyana but the Caribbean region.
“Unidome is quickly growing it’s global footprint and as it finalizes the development of its 4th plant in Egypt, we saw the opportunity to establish a facility in the world’s fastest growing economy – Guyana, South America,” Unidome Global DWC’s CEO said.
Mohsen Ahmad, the CEO of Dubai South Logistics District where Unidome headquarters and manufacturing facility is based, also reportedly said that this initiative is like many other joint ventures being pursued to ensure that new trade routes can be established and experiences can be shared.
The announcement and signing ceremony are part of the Government of Guyana’s State Visit to the United Arab Emirates (UAE), which is taking place this week.
The press release further noted that the countries are seeking to work together and evaluate numerous mutually beneficial investment opportunities that will enable the countries to share knowledge, experience, and resources and best practices between the two oil producing nations.