Summary Of Sectors

2005 SUMMARY OF AGRO-2005 SUMMARY OF AGRO-PROCESSING SECTORPROCESSING SECTOR

7 7 sub-sectors:sub-sectors:

Seafood processing Seafood processing ““Traditional” Processing – sugar and riceTraditional” Processing – sugar and riceMeat and Dairy ProcessingMeat and Dairy ProcessingPoultry ProcessingPoultry ProcessingFruit and Vegetable ProcessingFruit and Vegetable ProcessingAquacultureAquacultureAnimal Feed ProcessingAnimal Feed Processing

TOTAL PROJECTS = 36TOTAL PROJECTS = 36TOTAL INVESTMENT = $G 21.064 BillionTOTAL INVESTMENT = $G 21.064 BillionTOTAL NEW DIRECT JOBS = 770TOTAL NEW DIRECT JOBS = 770FOREIGN PROJECTS = 11FOREIGN PROJECTS = 11LOCAL PROJECTS = 21LOCAL PROJECTS = 21JOINT VENTURES = 4JOINT VENTURES = 4NEW PROJECTS = 20NEW PROJECTS = 20EXPANSIONS = 16EXPANSIONS = 16OPERATING PROJECTS = 24OPERATING PROJECTS = 24PROJECTS IN “PIPELINE” = 12PROJECTS IN “PIPELINE” = 12DIVERSIFICATION – NEW PRODUCTS – Shark; co-DIVERSIFICATION – NEW PRODUCTS – Shark; co-

generation; yam and plantain flours; pineapple generation; yam and plantain flours; pineapple wine; ice cream cakes.wine; ice cream cakes.

DISPERSION OF ECONOMIC ACTIVITIES:DISPERSION OF ECONOMIC ACTIVITIES:Region 1 = 1Region 1 = 1Region 2 = 4Region 2 = 4Region 3 = 3Region 3 = 3Region 4 = 16Region 4 = 16Region 5 = 3Region 5 = 3Region 6 = 6Region 6 = 6Region 10 = 3Region 10 = 3

AGRO-PROCESSING SECTORAGRO-PROCESSING SECTORSEAFOOD PROCESSING SEAFOOD PROCESSING

SUB-SECTORSUB-SECTORThere are five (5) investment projects

Three (3) are new projects (N) and two (2) are expansion projects (EX)Four (4) are operating (O) and one (1) is in the “pipeline” (PL)

TOTAL INVESTMENT The total investment is three billion four hundred and sixty million Guyanadollars (G$3.460 Billion)

TOTAL DIRECT JOBSThe total number of new direct jobs is eighty (80) and another two hundred andthirty (230) employees were rehired by United Star Seafoods and Pritipaul SinghInvestments after acquisitions.

1 FDI AND 4 LOCAL INVESTMENT PROJECTS

INVESTMENT PROJECTSAMOUNTS INVESTED G$NEW DIRECT JOBSCREATED

INVESTMENT PROJECTS AMOUNTS INVESTED G$

NEW DIRECT JOBS CREATED

United Star Seafoods – (Canada) (FDI Project) (O) (Region 5)

600 Million 80

Alphonso & Sons Enterprise Inc. (Region 2) (PL) (N)

400 Million 40

Shakoor’s Trading (Region 4) (O) (N) 60 Million 10

Guyana Quality Seafoods (Region 4)(O) (EX) 400 Million 30

Pritipaul Singh Investments (Region 4) (O) (EX)

2 Billion 150

DISPERSED ECONOMIC ACTIVITESOne (1) project is in Region 5 and one (1) is in Region 2.Three (3) projects are in Region 4. DIVERSIFICATIONOne project specializes in shark products.

TRADITIONAL PROCESSING TRADITIONAL PROCESSING (SUGAR AND RICE) SUB-(SUGAR AND RICE) SUB-

SECTORSECTORThere are five (5) investment projects.

Four (4) are new projects (N) and one (1) is an expansion project (EX).Four (4) are operating (O) and one (1) is in the “pipeline” (PL).

TOTAL INVESTMENT

The total investment is sixteen billion one hundred and ninety million Guyana dollars (G$16.190 Billion)

TOTAL DIRECT JOBSThe total number of new direct jobs is two hundred and sixty-five (265)

3 FDI AND 1 LOCAL INVESTMENT PROJECT

INVESTMENT PROJECTS

AMOUNTS INVESTED G$


Burma Rice Mill (Panama) (N)(O)

30 Million 15

Hakim Rice Mill (USA) (N) (O)

20 Million 5

CARICOM Rice Mills (St. Vincent & the Grenadines) (EX) (O)

100 Million 20

Mo-Cane Incorporated (Region 6) (N) (O)

40 Million 25

1 JOINT VENTURE PROJECTThe joint venture project is the Guyana Sugar Corporation (GUYSUCO) with investors from China and India for a total investment of sixteen billion Guyana dollars (G$ 16B) which created two hundred (200) new direct jobs (N) (PL).

DISPERSED ECONOMIC ACTIVITIESTwo (2) of the projects are located in Region 6.One (1) project is in Region 5, one (1) in Region 4 and one (1) in Region 2.

DIVERSIFICATIONOne project is a state-of-the-art parboiled rice mill and another project is co-generation of energy using bagasse.

MEAT AND DAIRY MEAT AND DAIRY PROCESSING SUB-SECTORPROCESSING SUB-SECTOR

There are seven (7) projects in this sub-sector.

Five (5) are new projects (N) and two (2) are expansions (EX)

Three (3) are operating (O) and four (4) are in the “pipeline”(PL)

TOTAL INVESTMENT AND NEW DIRECT JOBS

The total investment in this sub-sector is ninety-seven million Guyana dollars (G$97 Million) and thirty-one (31) new direct jobs.

3 FDI and 3 LOCAL INVESMENT PROJECTS

The three (3) FDI projects are:

INVESTMENT PROJECTS

AMOUNTS INVESTED G$


Oakwood Agriculture (USA)

(PL) (N) 20 5

Deonarine Farm

(USA) (PL) (N) 10 3

Barama Company Limited (Malaysia) (PL) (N)

30 10

INVESTMENT PROJECTS

AMOUNTS INVESTED G$


Rahim Farm (Region 6)(O)

(EX)

5 -

Mathison Farm (Region 6) (O) (EX)

10 3

London Pork Farm (Region 4) (PL) (N)

2 5

1 JOINT VENTUREThis is the Guyana Ranch Company which is a joint venture between Guyanese and Canadian investors G$ 20M and 5 New Direct Jobs (O) (N).

DISPERSED ECONOMIC ACTIVITIESFour (4) of the projects are located in Region 6. Two (2) projects are in Region 10 and one (1) is in Region 4.

DIVERSIFICATIONOne project is rearing goats and another is developing a pork farm.

POULTRY PROCESSING SUB POULTRY PROCESSING SUB SECTORSECTOR

There are three (3) projects. All are local investments.All three (3) are operating (O) and all are expansion projects (EX).

TOTAL INVESTMENT AND DIRECT JOBSThe total investment is five hundred and seventy million Guyana

dollars ((G$570 Million) and sixteen (16) new direct jobs.

3 LOCAL INVESTMENT PROJECTS

INVESTMENT PROJECTS

AMOUNTS INVESTED G$


DIDCO (Region 4) (O) (EX)

200 Million 5

Bounty Farm (Region 4) (O) (EX)

350 Million 6

HADCO Farm (Region 4) (O) (EX)

20 Million 5

All three (3) are located in Region 4

FRUIT AND VEGETABLE FRUIT AND VEGETABLE PROCESSINGPROCESSING SUB SECTOR SUB SECTOR

There are twelve (12) investment projects.

Five (5) are new projects (N) and seven (7) are expansion projects (EX).

Nine (9) are operating (O) and three (3) are in the “pipeline” (PL).

TOTAL INVESTMENT AND NEW DIRECT JOBSThe total investment is one hundred and eight-seven million Guyana

dollars (G$187 Million) and ninety-eight (98) new direct jobs.


INVESTMENT PROJECTS

AMOUNTS INVESTED G$


Amazon Caribbean Guyana Limited (France) (EX) (O)

10 Million 20

Yom Yom Ventures (United Kingdom) (N) (PL)

20 Million 5

Arly’s Ice Cream Cakes (Barbados (N) (O)

10 Million 10

The local investors are:

INVESTMENT PROJECTS

AMOUNTS INVESTED G$


YWCA (Region 5) (O) (N)

2 million 10

Pomeroon Women’s Small Cottage Project (Region 2) (O) (EX)

11 million 4

Juice Man (Region 2) (O) (EX)

25 million 5

De Sinco (Region 4) (PL) (N)

40 million 10

Nicky’s Juice (Region 3) (O) (EX)

8 million 2

Jack’s Pineapple Farm (Region 10) (O) (EX)

40 million 15

Dalgetty’s Tea (Region 4) (O) (EX)

3 million 5

NAAM Agricultural Farm (Region 4) (O) (EX)

3 million -

1 JOINT VENTURE

The joint venture is a partnership between a local Guyanese entrepreneur and YOMI Foods of the USA G$15M and 12 New Direct jobs (N) (PL)

DISPERSED ECONOMIC ACTIVITIES

There are two (2) projects in Region 2 and six (6) in Region 4.Regions 1, 5, 3 and 10 each has one (1) project.

DIVERSIFICATION

A number of the companies are producing new product lines such as organic pineapple chunks, amchar, carambola mix, plantain and yam flours, international branded sauces, pineapple wine, herbal teas and ice cream cakes.

AQUACULTURE (FISH FARMING) SUB SECTOR

There is one (1) major project which is the New Line Aquafarm in Region 3. The total investment in 2005 is two hundred million Guyana dollars (G$200Million) and fifteen (15) new direct jobs (O) EX).

This is a local investment that is expanding.

ANIMAL FEED PROCESSING SUB SECTOR

There are three (3) projects in this sub-sector.

All three (3) are new projects (N).

All three (3) are in the “pipeline” (PL).TOTAL INVESTMENT AND TOAL

NEW DIRECT JOBS

The total investment is three hundred and sixty million Guyana dollars (G$360 Million) and thirty-five (35) new direct jobs.

1 FDI, 1 LOCAL AND 1 JOINT VENTURE

The FDI project is Hosiers Limited of Ireland – G$20M and 10 New Direct Jobs (N) (PL).

The local project is DIDCO with a total investment of G$300M that created 15 New Direct Jobs (N) (PL).

The joint venture is between Guswyn’s and a company from China with a total investment of G$40M and 10 New Direct Jobs (N) (PL).


One (1) project is in Region 3 and the other two (2) are in Region 4.

LIGHT MANUFACTURING

SECTOR NUMBER OF PROJECTS

In 2005, there were twelve (12) investment projects.

Ten (10) are new projects (N). The other two (2) are expansion projects (EX).

Eight (8) of these projects are operating (O) and four ($) are in the “pipeline” – the pre-production phase (PL).

TOTAL INVESTMENT

The total investment is nine hundred and fifty-four million Guyana dollars (G$954 Million).

TOTAL DIRECT JOBS

The total number of direct jobs is two hundred and eighty-eight (288).

3 FDI (FOREIGN DIRECT INVESTMENT) PROJECTS

Three (3) of the projects are foreign-owned totaling three hundred and seventy-four million Guyana dollars (G$374 Million) and 44 New Direct Jobs.

INVESTMENT PROJECTS (LOCAL)

AMOUNTS INVESTED G$

MILLION


Densu Ventures (Canada) (O) (N)

24 million 9

TCL Guyana (Trinidad and Tobago) (PL) (N)

300 million 25

National Milling Company (USA) (O) (EX)

50 million 10

Two (2) are operating (O) and one (1) is in the pipeline (PL).Two (2) are new projects (N) and one (!) is an expansion (EX).

3 JOINT VENTURE PROJECTS

Three (3) of the projects are joint ventures totaling two hundred million Guyana dollars (G$200 Million and one hundred and eighty-three (183) new direct jobs.

INVETMENT PROJECTS (LOCAL)

AMOUNTS INVESTED G$

MILLION

NEW DIRECT JOBS

CREATED

DENMOR Garments (Guyana/USA) (PL) (N)

80 million 150

Premium National Thinset and Grout (Guyana / Costa Rica (O) (N)

60 million 24

Goodwill Industries (Guyana/USA) (PL) (N)

60 million 9

One (1) is operating (O) and two (2) are in the “pipeline” (PL).

All three (3) are new projects (N).


There were six (6) local investment projects totaling three hundred and eighty million Guyana dollars (G$380Million) with sixty-one (61) new direct jobs.


AMOUNTS INVESTED G$

MILLION


Medical Diagnostic Centre (Region 6) (O)

10 million 4

Torginol Paint (Region 4) (O) (EX)

150 million 10

Essential Supplies (Region 4) (PL) (O) (N)

100 million 15

Multi Builders Company (Region 4) (O) (N)

30 million 5

Arawak Leather Craft (Region 10) (O) (N)

40 million 12

Comfort Sleep (Region 4) (O) (N)

50 million 15

Five (5) are operating (O) and one (1) is in the “pipeline” (PL).

Five (5) are new projects (N) and one (1) is an expansion (EX).


Two (2) of the projects are located in Region 6 and one (1) in Region 10.

The other nine (9) projects are in Region 4.

DIVERSIFICATION

A number of these projects are manufacturing new products such cocopeat fertilizer; thinset and grout, glass display furniture; heavy-duty, recycleable batteries; special leather sandals and shoes; and flour mixes.

2005 SUMMARY OF SERVICES 2005 SUMMARY OF SERVICES SECTORSECTOR

This sector has seven (7) sub – sectors. They are :

•Financial•Hospitality (entertainment and restaurants)•Medical •Transportation•Retail Commercial•Business Advisory Services•Processing Service Providers

TOTAL PROJECTS = 32TOTAL INVESTMENT = G$7.616 BillionTOTAL NEW DIRECT JOBS = 474FOREIGN PROJECTS = 9LOCAL PROJECTS = 20JOINT VENTURES = 3NEW PROJECTS = 23EXPANSIONS = 9OPERATING PROJECTS = 19PROJECTS IN “PIPELINE” = 13

DIVERSIFICATION – NEW SERVICES – Cineplex; recycling

Region 4 = 28

Region 5 = 1

Region 6 = 2

Region 10 = 1

2005 services sector2005 services sectorfinancial sub-sectorfinancial sub-sector

INVESTMENT PROJECTS AMOUNTS INVESTED

G$

NEW DIRECT JOBS

CREATED

Republic Bank of Trinidad and Tobago (N) (PL)

400 million 20

Development Finance Limited / MICROFIN (N) (O)

1.6 billion 20

Caribbean Money Market Brokers (N) (PL) 26 million 10

There are five (5) investment projects.

All five (5) are new projects (N).

One (1) is operating (O) and four (4) are in the “pipeline” (PL).

TOTAL INVESTMENT AND TOTAL NEW DIRECT JOBS

The total investment is five billion six hundred and twenty-six million Guyana dollars (G$5.626 Billion) and one hundred and five (105) new direct jobs.


The 3 FDI project are from Trinidad and Tobago:

INVESTMENT PROJECTS

AMOUNTS INVESTED G$

Billion


Guyana Bank for Trade and Industry (Region 4) (N) (PL)

2 billion 25

New Building Society (Region 4) (N) (PL)

1.6 billion 30

The other two (2) projects are local investments. They are:

DIVERSIFICATION

One (1) project will be offering stock market services. Another is offering long-term financing and micro-credit.One (1) project will be a state-of-the-art banking centre.

HOSPITALITY (ENTERTAINMENT HOSPITALITY (ENTERTAINMENT AND RESTAURANTS) SUB-AND RESTAURANTS) SUB-

SECTORSECTOR


G$ MILLION

NEW DIRECT JOBS

CREATED

German’s Restaurant (Region 4) (O) (N)

30 million 10

New Palm Court Restaurant (Region 4) (O) (N)

20 million 40

Oasis Restaurant (Region 4) (O) (N)

10 million 6

JR Restaurant (Region 4) (O) (N) 8 million 15

There are nine (9) investment projects.

All nine (9) are new projects (N).

Four (4) projects are operating (O) and they are all located in Region 4:

The other two (2) projects are local investments. They are:


G$ MILLION

NEW DIRECT JOBS

CREATED

Subnauth Cineplex (Region 6) (PL) (N)

50 million 9

Ali Investment Cineplex (Region 4) (PL) (N)

75 million 30

Church’s Chicken (Region4) (PL) (N)

25 million 15

Seawall JR (Region 4) (PL) (N) 17 million 10

Seawall DIDCO (Region 4) (PL) (N) 17 million 10

DISPERSED ECONOMIC DISPERSED ECONOMIC ACTIVITIESACTIVITIES

Only one (1) of the projects is located outside of Region 4.

DIVERSIFICATION

Two projects are modern cineplexes and another two offer specialty coffees.


All nine (9) are local investments .

The total investment is two hundred and fifty-two million Guyana dollars (G$252 Million) and one hundred and forty-five (145) new direct jobs.


Medical sub-sectorMedical sub-sector

There are four (4) investment projects. They are:

INVESTMENT PROJECTS AMOUNTS INVESTED G$

NEW DIRECT JOBS

CREATED

5 G Dialysis Centre (USA) (O) (N) 30 million 4

MRI Centre at St. Joseph’s Mercy Hospital (USA) (O) (N)

12 million 2

Greenheart University (Canada) (O) (N) 40 million 10

Sparman Cardiology Clinic (Barbados) (O) (N)

60 million 2

All four (4) are new projects (N) and all four (4) are operating (O).

All of these projects are located in Region 4.


The total investment is one hundred and forty-two million Guyana dollars (G$142 Million) and eighteen (18) new direct jobs.

4 FDI PROJECTS

All four (4) projects are foreign-owned.

DIVERSIFICATION

All four (4) of these projects offer specialized medical services.

TRANSPORTATION SUB-TRANSPORTATION SUB-SECTORSECTOR

There are three (3) projects. All three (3) are operating (O).

One (1) is a new project (N) and the other two (2) are expansions (EX).

TOTAL INVESTMENT AND NEW DIRECT JOBS

The total investment is seventy-six million six hundred thousand Guyana dollars (G$76.6 Million) and forty-nine (49) new direct jobs.

2 LOCAL INVESTMENTS AND 1 JOINT VENTURE

Two (2) of the projects are local investments. They are:

INVESTMENT PROJECTS

AMOUNTS INVESTED G$


Ogle Airport Incorporated (O) (EX)

50 million 30

Pedal Foot Courier Service (O) (N)

600,000 4

The joint venture project is the Intraserv Bus Service which is a Guyana/Brazil partnership with a total investment of G$26M which created 15 New Direct Jobs (O) (EX).

RETAIL COMMERCIAL SUB-SECTORRETAIL COMMERCIAL SUB-SECTORThere are eight (8) investment projects.

One (1) is a new project (N) and the other seven (7) are expansions (EX).

Seven (&) are operating (O) and one (1) project is in the “pipeline” (PL).TOTAL INVESTMENT AND TOTAL NEW DIRECT

JOBSThe total investment is one billion three hundred and thirty million Guyana dollars (G$1.330 Billion) and one hundred and forty-five (145) new direct jobs.


The FDI project is RUDISA of Suriname which had a total investment of two hundred million Guyana dollars (G$ 200M) which created thirty (30) New Direct Jobs (O) (N).

The seven (7) local investment projects are:

INVESTMENT PROJECTS AMOUNT INVESTED G$

MILLION

NEW DIRECT JOBS

CREATED

The New Gafoors Mall (Region 4) (O) (EX)

400 million 40

The New Ashmin’s Mall (Region 4) 200 million 20

Muneshwars’ Limited (Region 4) (O) (EX)

400 million 10

Wireless Connections (Region 4) (O) (EX)

20 million 15

Swansea (Region 4) (O) (EX) 35 million 5

Colours (Region 4) (O) (EX) 25 million 10

Footsteps (Region 4) (O) (EX) 50 million 15

DISPERSED ECONOMIC ACTIVITIESDISPERSED ECONOMIC ACTIVITIES

One (1) project is in Region 6 and the other seven (7) are in Region 4.

BUSINESS ADVISORY BUSINESS ADVISORY SERVICES SUB-SECTORSERVICES SUB-SECTOR

There is one (1) project that is coordinated by the Barbados Coalition of Service Providers.

There are nine (9) Barbadian companies that are involved in this project with Guyanese companies.

TOTAL INVESTMENT

The initial investment in these advisory services is ninety million Guyana dollars (G$90 Million).

PROCESSING SERVICE PROCESSING SERVICE PROVIDERS SUB SECTORPROVIDERS SUB SECTOR

There are two (2) projects.

Both are new projects and both are in the “pipeline”.

TOTAL INVESTMENT AND TOAL NEW DIRECT JOBS

The total investment is one hundred million Guyana dollars (G$100 Million) and twelve (12) new direct jobs.

1 FDI AND 1 JOINT VENTURE

The FDI project is Guycan Machine Works from Canada with a total investment of twenty million Guyana dollars (G$20M) creating four (4) New Direct Jobs (N) (PL).

The joint venture project is Envirotech Recycling Enterprises with partners from Guyana and Canada with a total investment of eighty million Guyana dollars (G$80M) creating eight (8) New Direct Jobs (N) (PL).


One (1) project is in Region 10 and the other is in Region 5.

DIVERSIFICATION

One (1) project is in recycling.

ECO-TOURISM AND ECO-TOURISM AND HOSPITALITY SECTORHOSPITALITY SECTOR

NUMBER OF PROJECTS

In 2005, the Guyana Office for Investment with the Ministry of Tourism, Industry and Commerce facilitated twenty-six (26) projects – twenty-one (21) hotels and five (5) resorts.

Seventeen (17) are new projects (N) and nine (9) are expansion projects (EX).

Twelve (12) projects are operating (O) and fourteen (14) are in the “pipeline” – the pre-operation phase (PL).

All the investors are local.

TOTAL INVESTMENT

The total number of direct jobs is three hundred and fifty-nine (359).

TOTAL DIRECT JOBS

The total investment is four billion, nine hundred and twenty-eight million Guyana dollars (G$4.928 Billion).

HOTELS

Twenty-one (21) of the projects are small, medium and large hotels.

Seven (7) of the hotels are presently operating.

Seven (7) are expansion projects (EX) and two (2) are new projects (N).Seven (7) are expansion projects (EX) and two (2) are new projects (N).

The other fourteen (14) hotel projects are in the “pipeline”.The other fourteen (14) hotel projects are in the “pipeline”.


AMOUNTS INVESTED G$

NEW DIRECT JOBS

CREATED

Little Rock Hotel (Region 6) (N) (O) 250 Million 20

Brandsville Apartments (Region 4) (EX) (O)

20 Million 5

King’s Plaza Hotel (Region 4) (N) (O) 250 Million 25

Grand Coastal Hotel (Region 4) (EX) (O)

80 Million 10

Cara Lodge (Region 4 (EX) (O) 400 Million 10

Riverton Suites (Region 6) (EX) (O) 25 Million 4

Paraton Inn (Region 6) (EX) (O) 15 Million 3


AMOUNTS INVESTED G$

NEW DIRECT JOBS

CREATED

Aracari Suites (Region 3) (PL) (N) 400 Million 50

Wilderness Lodge (Region 7 (PL) (N)

50 Million 9

B M Hotel (Region 4) (PL) (N) 80 Million 22

Buddy’s International Hotel (Region 4) (PL (N)

1.6 Billion 80

Getaway Hotel (Region 4) (PL) (N) 50 Million 10

O + A (Gafoors) Suites (Region 4) (PL (N)

600 Million 12

Cacique Palace (Region 4) (PL) (N) 500 Million 20

Imataka Hotel (Region 4) (PL) (N) 30 Million 6

Adams Hotel (Region 4) (PL) (N) 25 Million 7

All are new projectsAll are new projects

Zen’s (Belle) Plaza Hotel (Region 7) (EX) (PL)

20 Million 2

Modern Hotel (Region 7) (EX) (PL)

30 Million 6

Two Griffith Hotels (Region 4) (PL) (N)

100 Million 20

Urbayne Oasis Hotel (Queenstown – Region 2) PL) (N)

60 Million 10

RESORTS

All five (5) resort projects are operating.


AMOUNTS INVESTED G$

NEW DIRECT JOBS

CREATED

Saxacalli Rainforest Centre (Region 7) (N) (O)

40 Million 5

Rock View Lodge (Region 9) (EX) (O)

8 Million 2

Splashmins Resort (Region 4) (EX) (O)

120 Million 10

3 Vs Resort (Region 4) (N) (O) 15 Million 2

Earth Tours/ Jubilee Resort (N) (O)

160 Million 9

Two (2) are expansion projects (ex) and the other three (3) are new projects (N).

DISPERSED ECONOMIC ACTIVITESDISPERSED ECONOMIC ACTIVITES

Sixty-two percent (62%), sixteen (16) of the hotel and resort projects, are located in Region 4.

The increasing number of annual arrivals to Guyana and the upcoming Cricket World Cup has encouraged expansion of hotels and the construction of new hotels.

The breakdown for the other regions is:

Region 7 = 4Region 6 = 3Region 9 = 1Region 3 = 1Region 2 = 1

MARKETS

The main markets for this sector are in North America, Europe and the Caribbean.

MINING SECTOR MINING SECTOR

NUMBER OF PROJECTS

In 2005, eight (8) projects are highlighted. There are many small and medium-sized local and Foreign investment projects in gold and diamond mining, especially by Brazilian and Canadian companies, but these were facilitated directly through the Guyana Geology and Mines Commission and are not recorded here.

Six (6) of the highlighted projects are operating (O). The other two (2) are in the “pipeline” – in the exploration stage (PL)

Seven (7) projects are new (N) and one (1) is an expansion project (EX).

TOTAL INVESTMENT

The total investment is eighteen billion, two hundred million Guyana dollars (G$18.2 Billion).

TOTAL JOBS

The total number of direct jobs is two hundred and ninety (290) AND another eight hundred (800) employees were rehired by the Russian Aluminum Company (RUSAL) and the Omai Bauxite Company for a total of one thousand and ninety (1,090) direct jobs.

All are new projects

They are:

INVESTMENT PROJECTS AMOPUNTS INVESTED G$

NEW DIRECT JOBS

CREATED

Russian Aluminum Company (Russia) (O) (N)

8 Billion 200

Omai Bauxite Company (Canada) (O) (N)

6.4 Billion 600

Strata Resources (Canada) (PL) (N) 400 Million 70

Golden Star Resources (Canada (PL) (N)

400 Million 60

Vanessa Mining Company (Canada) ( O) (N)

200 Million 15

Interestingly, five (5) of the companies are from Canada.Interestingly, five (5) of the companies are from Canada.

Five (5) of the projects are operating (O). The other two (2) are in the Five (5) of the projects are operating (O). The other two (2) are in the “pipeline” – in the exploration stage (PL).“pipeline” – in the exploration stage (PL).

CGX Oil Exploration (Canada) (O) (N)

1.6 Billion 70

ETX Mining (USA) (O) (N)

600 Million 20

1 LOCAL INVESTMENT PROJECT

This is the expansion project of BK Quarries in Regions 10 and 7. It is a total investment of G$600M which created 55 New Direct Jobs (O) (EX).


Three (3) of the projects are located in Region 10, one (1) is in Region 9, three (3) in Region 7 and one (1) in Region 6.

DIVERSIFICATION

One project is in oil exploration and one project is producing new bauxite products.

Summary Of Sectors

Business

total new direct jobs

new direct jobs o

total direct jobs

fdi projects

local projects

operating projects

new direct jobs n

new projects nand