Guyana Where and What 2023-2024 for website_compressed

Guyana’s Bountiful Earth:
Unveiling the Riches of the Natural
Resources Sector
Guyana is a remarkable country, strategically
positioned geographically
and inhabited by a diverse population
that embodies a rich tapestry
of cultures. It is undeniably blessed,
possessing a wide array of natural resources
that include gold, diamond,
bauxite, pristine rainforests, and
extensive freshwater reserves. Additionally,
recent years have witnessed
the discovery of vast hydrocarbon deposits.
By managing these resources
wisely, Guyana has gained international
recognition and acclaim.
GOLD
For many decades, Guyana’s mining
sector has played a pivotal role in the
country’s economy, making substantial
contributions to its GDP and generating
employment opportunities.
In 2022, the sector experienced a remarkable
expansion of 109.7%. Gold
alone accounted for 8.3% of non-oil
GDP and 58.2% of non-oil exports.
Similarly, the country’s construction
boom has directly resulted in a burgeoning
demand for Guyana’s quarrying
sector to expand, a testament
to the favourable investment climate
fostered by the government. The current
administration has since issued
new quarry licenses, thereby creating
opportunities to meet demand and
generate economic prospects for all
Guyanese citizens.