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Articles Of Interest

Major Investments Pegged For CJIA Environs – President Ali

03/07/2021

As part of Guyana’s massive economic transformation, the PPP/C Government will be injecting millions of dollars together with foreign investments to enhance the landscape of areas surrounding the country’s main port of entry – the Cheddi Jagan International Airport (CJIA) in Timehri on the East Bank of Demerara (EBD).

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Sod Turned For Spanking $4B Courtyard Marriott

03/07/2021

PRESIDENT, Dr. Irfaan Ali, is convinced that, for Guyana to truly develop, its people must be positioned as beneficiaries of the many investments that the country will continue to attract. As Cardinal Investments Incorporated, owned by Guyanese couple Roy and Denise Bassoo, prepares to kick-start construction of a massive $4 billion Courtyard Marriott Hotel, the Head of State has pledged the government’s commitment to training up to 4,000 workers to satisfy the ever-growing needs of the tourism and hospitality sector.

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First Rock Capital Holdings Buying More Property

Durrant Pate | 26/05/2021

Fresh from closing a major real estate deal in Costa Rica, real estate development and private equity outfit First Rock Capital Holdings has acquired commercial property in Cross Roads, St Andrew.

According to the company, the 13,303-square-foot property will represent investment for lease income.

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India Approves US$50M Bypass Road From Ogle To Eccles

12/02/2021

The Government of India has approved the new scope of works for the redesigned bypass road project that would link the East Coast of Demerara (ECD) at Ogle to Haags Bosch in Eccles, on the East Bank of Demerara (EBD).
Back in 2015, the Indian Government had provided a US$50 million Line of Credit (LOC) for the road link that was initially slated for Ogle to Diamond, EBD. However, the project cost was driven up to over $208 million by the previous APNU/AFC regime and the project was at a standstill since 2019.

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Essequibo Businessman Launches US$4M ‘Jagsville’ Gated Community

17/11/2020

Promising to take residential housing on the Essequibo Coast to the next level, a popular businessman has launched a US$4M gated community at the Windsor Castle called, ‘Jagsville.’

The project will provide 171 lots ranging from 5,000 sq. ft. to 43,560 sq. ft.

During a sod turning ceremony at the site of the gated community on Wednesday, the proprietor, Tamesh Jagmohan said he acquired the land some time ago but was only granted approval from the Central Housing and Planning Authority on December 10, 2020 to commence the project.

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New Four-lane Highway From New Demerara Bridge To Parika Will Open Lands For Housing, Agri, Tourism

Editor | 31/10/2020

A new four-lane highway in Region Three, running from the new Demerara Harbour Bridge to Parika, will open thousands of acres of land for housing, large-scale agriculture projects, tourism and other activities, President Irfaan Ali announced on Saturday.

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