Saudi Arabia explores investment opportunities in Guyana’s non-oil sectors

Saudi Arabia explores investment opportunities in Guyana’s non-oil sectors

A delegation of high-level public and private sector officials from the Kingdom of Saudi Arabia have explored an array of areas for investment in Guyana’s non-oil sectors.

Infrastructure, healthcare, tourism, agriculture, housing, renewable energy and education were some of the areas highlighted by the Guyanese senior minister in the office of the president with responsibility for finance, Dr. Ashni Singh at the opening of the Guyana-Saudi Arabia Investment Engagement at the Arthur Chung Conference Centre.

Dr. Mohamed Irfaan Ali, President of Guyana, has sought to advance the relationship between the two countries and engagements like the Investment forum provides important opportunities for Guyana to deepen and strengthen its relationship with Saudi Arabia.

The Saudi delegates who are being led by the deputy minister for investors outreach, Mr. Badr Al Badr were informed that Guyana is projected to be the fastest-growing economy in the world, largely due to its oil and gas sector.

Guyana produces about 350,000 barrels of oil per day with a reserve that is the third-largest in Latin America and the Caribbean, and the 17th largest in the world. The country has a heavy focus on developing a strong diverse economic base by investing in its non-oil sectors, according to the ministry.

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