Excel GuyanaExcel GuyanaExcel GuyanaExcel Guyana
  • About Us
    • Testimonials
  • Work With Us
  • Services
    • Outsourced Business Development
    • Government Relations & Orientation
    • Expert Accounting
    • Investment Opportunities and Financial Transactions
    • Corporate & Governance
    • Recruitment & Labour
    • Exploration Camp Management
    • Procurement, Equipment Rentals, and Logistics
    • Occupational Safety
    • Site and Executive Security
    • Travel & Immigration
    • Employee Relocation
    • Aerial Survey & GIS Services
  • Job Opportunities
  • Blog
  • Contact Us
REQUEST A CALL

Guyana’s economic boom boosts infrastructure development

    Home Business News Guyana’s economic boom boosts infrastructure development
    NextPrevious

    Guyana’s economic boom boosts infrastructure development

    By cyndee | Business News | Comments are Closed | 31 March, 2022 | 0

    The Government of Guyana has aligned its infrastructure development agenda to complement its economic boom, especially in the gas, oil, mining, agriculture, and tourism sectors. With the country’s rich natural resources attracting more and more investors, the infrastructure sector must be improved to support the growing business economy.

    At the helm of this undertaking is the Ministry of Public Works that oversees the construction of rail networks, roads, bridges, harbors, ports, defenses, housing, and structures for information systems. In 2022, the Guyanese government has allotted $96.1 billion to fund the country’s transformational infrastructure which includes $29.4 billion to fast-track the transition to cleaner and more sustainable energy sources and $62.6 billion for road and bridge construction and rehabilitation.

    The focus on infrastructure will create substantial and positive ripple effects that would provide a conducive environment for trade among local and international businesses. In 2020, Guyana’s real GDP growth rate was 43% and is projected to increase over the next five to 10 years with the country’s economic development plan.

    In 10 years, more roads, ports, and bridges are slated for construction which would help improve logistics resulting in reduced operation costs among investors. Better infrastructures also promise faster trade as more resources can be transported from one point to another. Expanded options for more stable communication channels are also slated to be available with the completion of soft infrastructures which include Internet services and telephone lines.

    The country is leaning towards Public-Private Partnerships to help accelerate its transformative infrastructure development plan in the next five to ten years. This means that the business opportunities in the country also include involvement in these big-ticket infrastructure projects.

    With all these prospects available, local and international investors must partner with a trusted company that would help grow their business in the country starting with the groundwork needed to help establish their business, to running an efficient operation, and to creating expansion opportunities.

    Excel Guyana’s rich and vast experience in the local and international economy has helped many businesses across all sectors with services such as government relations, foreign investment, security management, local and international recruitment, organizational development, digital marketing, real estate, and many more. Contact Excel now and secure your Guyana business venture.

    Construction, Construction Management, Excel Guyana, Executive Security, Government Relations, Guyana, Infrastructure Development, Site Security

    Related Post

    • Excel’s exclusive deal with Leon Import & Export Trading to boost Guyana’s supply chain

      By cyndee | Comments are Closed

      The Government of Guyana through the Ministry of Public Works is on a mission to implement a comprehensive infrastructure development plan that proactively responds to the country’s fast-developing economy with the boom of the oilRead more

    • Excel signs exclusive agreement with ICO Group LLC

      By cyndee | Comments are Closed

      Guided by its National Development Initiative, the Government of Guyana has cemented its action plan to achieve sustainable development in the country. With its oil and gas industry taking the lead, Guyana will ensure thatRead more

    • Excel signs exclusive partnership with Shengli Oilfield Shengji Petroleum Equipment Co. Ltd.

      By cyndee | Comments are Closed

      It all started in 2015 at the Stabroek block on the coast of Guyana when ExxonMobil and Hess Corp discovered oil resources. And, from then on, Guyana’s path toward becoming a power player in theRead more

    • Excel’s exclusive distribution agreement with ACD America, Ltd. to benefit sectors in Guyana

      By cyndee | Comments are Closed

      Guyana has become one of the investment hotspots in the world, all thanks to the immense breakthroughs in the gas and oil explorations in the country. With these developments and the Guyanese government’s commitment toRead more

    • Excel’s Procurement Division secures exclusive distribution for HAMAC

      By cyndee | Comments are Closed

      Among the priorities of the Guyanese government is implementing massive infrastructure projects all over the country to aid in the development of other key industries such as oil and gas, agriculture, and mining, among others.Read more

    NextPrevious

    Categories

    • Business Events
    • Business News
    • Investment Opportunities
    • Recruiting

    Recent Posts

    • Excel Guyana partnered with CHEC Guyana at the 2022 Guyana Building Expo
    • Fortune 500 companies’ interest boosts employment in Guyana
    • The extractive sector boosts Guyana’s earnings
    • Skills requirements among employees in the oil and gas sector
    • More than 1,000 Guyanese Residents attend Mining Career Fair

    Archives

    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • Home
    • About Us
    • Work With Us
    • Services
    • Job Opportunities
    • Contact Us

    Excel Guyana Inc.

    REQUEST A CALL
    Copyright 2021 Excel Guyana, Inc. All Rights Reserved.
    • About Us
    • Work With Us
    • Services
    • Job Opportunities
    • Contact us
    Excel Guyana