GEORGETOWN, Guyana – Three Mexican investors have expressed an interest massive infrastructure projects in Guyana including building an oil refinery, a new terminal at the Cheddi Jagan International Airport (CJIA) and potentially paving the Linden to Lethem Road.
The investors, led by the Chief Executive Officer (CEO) of Grupo Industrial Omega, Andres Holzer, met with President Dr. Irfaan Ali and a team of government ministers and officials on Saturday
The other investors were CEO of Grupo TCO Federico Martinez, CEO of Cometa Javier Vazquez and local partner and CEO of Star 10 Dean Hassan.
A statement from the Office of the President said that the investment team spoke about their ability to construct affordable, modern concrete houses and prefabricated hospitals. It is expected that they will engage in further discussions with the leadership of the Housing Ministry.
It was also noted that the investors had a keen interest in Guyana’s oil and gas industry and signaled this by stating that interest in constructing an oil refiners.
Earlier this year, President Ali said his government supports the establishment of an oil refinery since it will “add value” to the oil and gas sector. He, however, emphasized that such an investment would have to be private sector-led instead of it being an investment from the government.
He also indicated that the government had already received proposals from some members of the private sector.
The Holzer-led Mexican investment team will be among the more recent private sector players interested in this investment, geared at serving Guyana’s nascent, but attractive, oil and gas industry.
