President sees Region Three as emerging economic hub, urges business to get onboard

President Dr Irfaan Ali has again expressed confidence in the ongoing transformation of Region Three and called on businesses and residents to capitalise on the numerous opportunities emerging from the region’s rapid development.

Delivering the keynote address at a dinner hosted by the Essequibo Islands–West Demerara Chamber of Commerce and Industry, the President emphasised that the government’s substantial investment in the region requires the active involvement of locals to fully realise its potential.

“I therefore urge the Essequibo Islands–West Demerara Chamber of Commerce and Industry to work closely with me in transforming this bold vision for Region Three into a practical, results-driven development plan,” President Ali stated.

He highlighted that financing for the region’s swift growth is readily accessible, with financial institutions prepared to provide loans and other support mechanisms. Notably, he pointed to a marked increase in credit to the private sector, including loans, mortgages, and business financing, which have significantly expanded access to economic opportunities over the past five years. The region is serviced by all major banks, facilitating ease of business operations.

Dr Ali further outlined the government’s multi-billion-dollar investment in Region Three, aimed at transforming it into a dynamic hub for multiple sectors. Key infrastructural projects—such as road and bridge construction, farm-to-market access roads, new schools, and the large-scale gas-to-energy initiative—are all expected to enhance the region’s appeal to investors.

“Investment in this region will enhance its competitiveness, stimulate increased industrial and commercial activity, and establish the groundwork for accelerated economic development,” the President remarked.

He also noted that the influx of development projects is generating employment within the region, reducing the need for skilled individuals to seek opportunities elsewhere. Addressing this issue, he said, is a core focus of the government’s regional development agenda.

Meanwhile, Bhabita Albert, President of the Essequibo Islands–West Demerara Chamber of Commerce and Industry, reaffirmed the Chamber’s commitment to supporting local businesses.

“The region will not progress solely through public sector initiatives; there must be a collaborative balance. That is why the R3CCI is committed to being actively involved every step of the way,” Albert stated.

She added that the Chamber is optimistic that ongoing dialogue with the Government of Guyana, various embassies, and the Regional Democratic Council will strengthen public–private partnerships to further propel regional development.

Importantly, Albert noted that logistics challenges are expected to ease significantly upon the completion of the New Demerara Harbour Bridge.