…company sees Guyana as “long-term partner” – CEO

Massy Guyana officially turned the sod for its new US$75 million Houston, East Bank Demerara (EBD) business hub, with Government and company officials describing the investment as a major vote of confidence in Guyana’s rapidly expanding economy and a key step towards strengthening the country’s logistics, distribution and automotive sectors. The development, which will house a modern distribution warehouse, a new Massy Motors dealership and service centre, is expected to become one of the company’s largest investments in the country. Delivering the feature address at the sod-turning ceremony on Thursday, Public Utilities and Aviation Minister Deodat Indar said the scale of the investment sends a message to investors both locally and internationally. “I want to congratulate you on this US$75 million investment. Let me just repeat that – a US$75 million investment. We see US$75 million, but what this does is send a straight, direct signal that the confidence in the Guyanese economy is strong. What it says to the Massy Group and the rest of our onlookers is that if the Massy Group, a company that is smart in its thinking and deliberation, can invest this money in the Guyanese economy, it means they see something that others should be looking for if they have not seen it as yet,” the minister said. Indar noted that Guyana is experiencing a period of unprecedented economic expansion and urged businesses to seize the opportunities being created. “It is not every day that you can say that you’re part of the world’s fastest-growing economy, and that is our six years and counting. We are part of a development that others before us did not have, and those in the future will not have. This is the time when you need hands to build, not hands to break. This country needs everybody to help build it.” He said the Government’s investments in energy, infrastructure, ports, manufacturing and industrial development are laying the foundation for sustained private sector growth. “The next stage of our development is not just continuous infrastructure build-out, but the industrialisation of the country, to manufacture things that we never did before, things we always imported.”

Indar pointed to the Gas-to-Energy (GtE) Project, future deep-water port development, expanded manufacturing and agro-processing opportunities and plans to position Guyana as both a maritime and aviation hub. “The President has mandated me to ensure Guyana becomes a maritime hub and an aviation hub. We are not going to sit back and watch the development happen and be spectators.”