Guyana Becomes Latest Caribbean Nation to Welcome Chinese Investors

guyana chinese investorsGEORGETOWN, Guyana  — Partnerships are indispensable to spurring Guyana to its fullest economic heights and, as such, President Donald Ramotar on Friday extended a welcoming hand to all Chinese investors.

Ramotar was at the time addressing the opening of the Chinese-owned Zhanghao Shipyard in Coverden, East Bank Demerara, and also the launch and naming ceremony for a logging vessel christened the “Yhan Heng freighter.” Also present were Prime Minister Samuel Hinds, Minister of Agriculture Dr. Leslie Ramsammy, and Chinese Ambassador to Guyana Zhang Limin.

“I want to extend special greetings to the Chinese investors who have come here and to let them know that they are welcome in Guyana,” Ramotar said.

The president noted that China has tremendous capabilities, evident by the tremendous progress that the country has made in just over three decades. China’s growth is also unmatched, when compared to equivalent countries in any part of the world, he said.

“To see how fast that country has grown in just over three decades, speaks volumes for Chinese investors and their readiness to take risks. It also speaks volumes of their skills, of their traditions and customs, and their dedication to work and labor, and that is something we hope that we can emulate in our country,” the president said.

He pointed out that Guyana has seen many examples of the effectiveness and efficiency of the Chinese investors’  work in the country’s infrastructure development.

“We saw their work at the Convention Centre (the Guyana International Conference Centre), we are seeing it now at the Marriott Hotel, they way they have produced, and the quality of work that is being produced, and we see it in the rest of the region, how much they have invested,” he said.

“So on behalf of the government and people of Guyana I want to express our sincere thanks to the Chinese government, people and investors, and to say that I look forward to, and I am ready to say openly that we are going to put all the facilities available that we give to investors, to try to attract more investments from China in our country, to help us build Guyana and help us reach the full potential that this country can achieve,” he said.

Infrastructure development is indispensible to Guyana achieving its full potential, and to reach this height, the country’s partnership with Chinese communities is extremely important and vital, he underscored.

Construction on the Zhanghao shipyard started in 2012, but it wasn’t until late 2013 that construction began on the vessel that was meant to facilitate the transport of logs from Kwakwani where the company owns a logging concession.

The vessel, whose design and engine are Chinese, and its steel plates pre-formed in China as well, has the capacity to carry 200,000 tons of logs and six crew members and will take about four days from Kwakwani to the shipyard in Coverden, laden with the logs. The vessel was constructed with efficiency and pace by the workers of the company, with 95 percent of the work being completed in just over three months.

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