Region 10 has attracted more than $8 billion in approved private investment and hundreds of jobs across multiple sectors between 2020 and 2026, with local investors accounting for the majority of agreements, Guyana's Office for Investment (GO-Invest) said on Wednesday.

Chief Investment Officer and Agency Head Peter Ramsaroop, speaking during an investment and export engagement in Linden, said the portfolio is being complemented by major developments across the region, including new dairy production, expanded soy and corn cultivation, red beans and other agricultural produce, agro-processing, bauxite-related activity, tourism and hospitality, and business process outsourcing (BPO), as Region 10 builds a broader and more diversified productive base.

"We can already point to more than $8 billion in approved private investment, hundreds of jobs and major new productive activity taking shape across Region 10. Our role at GO-Invest is to continue facilitating those investments, identify new opportunities and work with investors and businesses to convert the opportunities being created into production, exports and sustainable economic activity," Ramsaroop said.

To build on that momentum, GO-Invest will strengthen investor aftercare by working directly with approved investors to identify implementation challenges, facilitate engagement with relevant agencies, support business expansion and connect companies with new markets, Ramsaroop said.

The agency is also placing greater emphasis on identifying goods and services currently purchased by major companies in Region 10 from Georgetown, other regions and overseas, with a view to quantifying that demand and matching it with supply opportunities for businesses based in Linden and elsewhere in the region.

"Every dollar currently being spent outside Region 10 for something that can competitively be produced or supplied here represents a potential opportunity for a local entrepreneur. Our role is to identify those gaps, understand the demand, bring those opportunities to the attention of entrepreneurs and investors, and facilitate credible projects as they move towards implementation," Ramsaroop said.

Among the areas identified are industrial maintenance and fabrication, equipment rental and servicing, logistics and warehousing, construction inputs, value-added wood manufacturing, food processing, cold-chain services, specialised BPO and digital services, and tourism and hospitality.

Beyond that, GO-Invest is strengthening engagement with small and medium-sized businesses capable of entering regional and international markets, supporting them on export readiness, product development, packaging, standards and certification, market identification, e-commerce and connections with overseas buyers.

As an example of that value-addition drive, Ramsaroop pointed to Linden-based Taz Foods, including its dehydrated cook-up rice product, which he said shows how a traditional Guyanese product can be transformed through processing and packaging for international markets. Opportunities, he added, extend across CARICOM, Guyana's diaspora markets, Suriname, Brazil and other international markets.

"More exports mean more markets for our businesses and more foreign earnings coming back into the economy," he said.

Turning to services, Ramsaroop said Linden's BPO sector illustrates how government policy, investment facilitation and private enterprise can combine to create employment and export earnings. GO-Invest's earlier facilitation of BPO investment in the town helped operations progress from call-centre activities into specialised services such as healthcare administration and revenue-cycle support for overseas clients, with Prochant now employing 59 people in Linden and another 15 trainees.

"There is an opportunity to build on that foundation and attract more higher-value BPO and knowledge-based industries," Ramsaroop said, citing healthcare administration, accounting, insurance processing, data services and technical support as examples. "When someone in Linden provides a specialised service to a company overseas, that is an export. We want to facilitate more investments that create those types of opportunities for people in Region 10."

He said government investment in the Linden-Mabura corridor, the new Wismar-Mackenzie Bridge and upgrades to the Soesdyke-Linden Highway are strengthening Linden's position as a gateway between the coast, the interior and the developing trade corridor with northern Brazil.

An overhead photograph of part of Linden (Credit: Exotic Guyana)