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This ground-breaking move marks a burgeoning relationship between Guyana and Qatar, as the South American country prepares to enhance its hospitality and tourism landscape. The announcement of the Georgetown Waterfront Resort and Convention Center, a landmark project funded by Qatar-based Asset Group, marks a key shift in Guyana’s ambition to become a premier destination for large-scale international conferences and luxury tourism. This initiative, coupled with the construction of a second stadium in Region Three, highlights a dynamic partnership that is expected to inject new energy into Guyana’s economic and cultural exchanges.
A visionary project is beginning to take shape
The George Town Waterfront Resort and Convention Center is Guyana’s first private sector investment project funded by a foreign investor, with an investment of close to US$300 million. This vast complex features 260 luxury hotel rooms and suites, 150 serviced apartments and unique exclusive villas, all designed to meet the discerning tastes of global travelers. In addition to luxury accommodation, the initiative represents Guyana’s strategic efforts to enhance its competitiveness on the international conference circuit, a move that is expected to significantly boost local tourism and ancillary services.
The involvement of Qatar-based Power International Holding Group further highlights the scale of the project and the commitment of Qatari investors to the development of Guyana. This collaboration not only reflects the deepening economic relationship between the two countries, but also highlights President Irfaan Ali’s efforts to diversify Guyana’s portfolio in key areas such as tourism, hospitality, oil and gas, food security and modernization Take a proactive approach.
Strengthening connections through strategic investments
The announcement of the new stadium in Region Three is a generous gift from Qatar to Guyana and symbolizes the strengthening of diplomatic and cultural relations between the two countries. Following the opening of Guyana’s embassy in Doha in 2023 and the historic visit of Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani to Guyana, this gesture of goodwill from Qatar provides opportunities for both countries to move beyond mere Economic transactions lay the foundation for long-term partnerships.
President Ali expressed his gratitude to the Emir of Qatar for this significant private investment, demonstrating the mutual respect and shared vision that underpins the relationship between Guyana and Qatar. As Guyana embarks on an ambitious journey to reform its hospitality and tourism industries, Qatar’s support forms a cornerstone of this transformative effort.
Catalyst for economic and cultural exchanges
The Georgetown Waterfront Resort and Convention Center and upcoming stadium are expected to be a catalyst for economic growth and cultural exchange between Guyana and Qatar. These projects not only solidify Guyana’s position on the global stage as an emerging tourism and international events destination, but also demonstrate the potential of strategic international partnerships to drive development and foster mutual understanding.
Guyana looks forward to welcoming its largest world-class investment in tourism and hospitality, with the Georgetown Waterfront Resort and Convention Center serving as a beacon of progress and a symbol of productive cooperation between Guyana and Qatar. This joint venture is expected to usher in a new era for Guyana, characterized by prosperity, cultural enrichment and an unwavering commitment to excellence in the global hospitality and tourism industry.
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