Guyana: The Next Dubai?

In the heart of South America, nestled between Venezuela and Suriname, Guyana is rewriting its economic story—and it’s doing so with oil. Since the discovery of vast offshore reserves in 2015, this once-overlooked country has become one of the fastest-growing economies in the world.

The turning point came when ExxonMobil and its partners uncovered over 11 billion barrels of recoverable oil in the Stabroek Block, located in the Guyana-Suriname Basin. Production began in 2019, and by early 2024, Guyana was pumping out 645,000 barrels per day, with projections to reach 1.3 million barrels daily by 2027.

In the world of economic miracles, Dubai has long stood as a symbol of transformation—from desert sands to a glittering global hub. Now, Guyana, a small South American nation, is emerging as a contender for the next big leap. Fueled by massive offshore oil discoveries and strategic investments, Guyana is rapidly becoming a magnet for international business. In 2024 alone, its GDP grew by 43.6%, marking the fifth consecutive year of double-digit expansion

Guyana isn’t just pumping oil—it’s investing in transformation:

• Infrastructure: new highways, bridges, and ports are reshaping logistics and trade.

• Energy: a 300 MW gas-to-power plant will slash electricity costs by up to 90%, boosting competitiveness.

• Free trade zones: plans are underway to create business-friendly zones modeled after Dubai’s success.

• Sovereign wealth fund: with billions already banked, Guyana is securing long-term prosperity.

Guyana offers a rare trifecta: rapid growth, untapped markets, and strategic location. Here’s why it’s time to get in early:

• Energy: access to cheap, reliable power for manufacturing and technology.

• Logistics: Atlantic coast location ideal for trade with North & South America.

• Incentives: tax credits, subsidies, and government-backed loans for investors.

• Stability: contracts backed by law, modeled after UAE’s investor protection.

Guyana’s story is still unfolding. What about yours? Are you ready to grab the golden opportunity?