Several of Guyana’s productive sectors are poised to develop significantly over the next few years but President Dr. Irfaan Ali believes that Guyana’s wellness industry remains largely untapped. As such, he has called on young people to develop the industry.
While addressing the Guyana Manufacturing & Services Association’s (GMSA) Annual Presentation of Awards ceremony on Friday night, the President highlighted that there are abundant business opportunities in Guyana.
These opportunities, he explained, include new or largely untapped industries like the wellness industry. And, he said with the development of the new city, for example, wellness centres would be a crucial part of improving the quality of people’s lives.
“… We have freshwater, we have the greenery, we can produce organic products to sustain the wellness industry,” President Ali emphasised.
The wellness industry is geared at promoting individuals’ physical and mental well-being. It includes activities ranging from yoga, exercise, personal care, meditation, retreats and healthy eating.
In 2018, the International Monetary Fund (IMF) reported that the global wellness industry was valued at about US $4.5 trillion. Since then, analysts believe that the value of the market has increased more so since the restrictions brought on by the COVID-19 pandemic led to increased health consciousness.
Wellness is also an important part of tourism since it adds to the relaxing experience people look forward to. Cognisant of how lucrative the industry could be, President Ali said, “I want to see young people make use of these opportunities.
“Do a little bit of research. A wellness centre would do extremely well.”
Previously, Dr. Ali indicated his government’s intention to establish sporting facilities and wellness centres to motivate people to become more health-conscious. And once these facilities are used, he said that it could help the country alleviate some of its primary healthcare issues since healthy eating and regular exercise contribute to a healthy life.
Importantly, too, he stated that these centres will be part of the government’s model of integrating community development with sport and culture.
