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Get to Know About Guyana
Guyana, an English speaking nation, is situated in South America. Its economy is fast developing on the strength of industries like agriculture and tourism. It also has plenty of natural resources like bauxite and gold. It is known mainly for the production of rice and sugar.
There are well-developed waterways, railways and two international airports in Guyana which supports the logistics here. Literacy rates which are a little on the lower side which needs improvement. Guyana’s waterfalls and scenic natural surroundings make it an ideal tourist destination. Water resources are also abundant here.
There are many opportunities for doing business in Guyana, showing potential in industries like food processing, mining, and forestry. One of Guyana’s strong points is definitely its strategic location. Its English speaking population is an asset for the service industry, especially the IT sector. Another advantage is the low cost of labor and availability of a skilled and educated workforce.
There are also challenges for investors in Guyana like high costs of electricity and frequent power cuts. The transportation facilities have a scope of improvement, particularly the roadways. The prices of telecommunication services are also high. The slow functioning public sector too is a deterrent for investors.