Region Three, also known as Essequibo Islands–West Demerara, is on the brink of transforming into the industrial hub of Guyana, driven by significant investments in infrastructure, agriculture, and energy security. This assertion was made by President Dr. Irfaan Ali during a business networking event organized by the Region Three Chamber of Commerce and Industry (R3CCI).
The region is positioning itself strategically to play a vital role in the nation’s diverse economy, supported by its robust commercial and industrial sectors. Dr. Ali highlighted the advantages of Region Three, including its access to natural resources, agricultural capabilities, and close proximity to major markets such as the Essequibo Coast, Bartica, and Region Four.
The government is prioritizing substantial investments in infrastructure, ensuring that the necessary roads, bridges, and ports facilitate the efficient movement of goods and services. Additionally, enhanced access to financing is vital for fostering expansion and innovation to meet rising market demands.
With tens of billions of dollars allocated to infrastructure development, including plans for the new Demerara River Bridge and a gas-to-energy project, the government is creating conditions for a surge in manufacturing and agro-processing.
The anticipated developments aim to stimulate economic growth and establish a vibrant social environment, attracting talent and tourism. Encouraged by supportive monetary policies, there has also been a significant rise in credit to key sectors, marking the region’s diversified and expanding economic landscape.
As the upcoming elections approach, Dr. Ali urged the community to embrace this pivotal moment for Region Three, emphasizing the journey from agricultural base to economic powerhouse.
Source: guyanachronicle.com
