Guyana can be hub for yacht service industry – President Ali

Guyana has the potential and advantages to emerge as a service hub for the yachting industry in the Caribbean and President Dr Irfaan Ali believes this can be achieved with investments in the fabrication and machinery industry, coupled with careful planning and a thorough understanding of the industry.

Speaking at an event at Nimes on the West Bank of Demerara on Saturday, President Ali said Guyana’s advantage is that it is outside the hurricane belt.

“We can develop a state of art fabricating and machining capacity and capability in this country and we can certainly emerge as a servicing hub for the yachting industry in the region,” the Head of State said.

Pointing out that the Caribbean is filled with numerous yachts, the President said Guyana can act as a catalyst to establish this new industry.

“The entire Caribbean is filled with rich yachters.

“Lots of yachts coming in, all of those yachts they require servicing, they require parts, they require docking from time to time,” President Ali said.

The country is on a major transformational path with the booming oil and gas industry and President Ali has been urging local businesses to think big about how they can contribute to the country’s development in every sector and industry.

“We get there by careful planning and a thorough understanding of the opportunities that lies ahead and this is the real dimensions of growth and development of our country,” President Ali said.