Close Menu
Aspire Market Guides
  • Home
  • Alternative Investments
  • Cryptocurrency
  • Economics
  • Equity Investments
  • Mutual Funds
  • Real Estate
  • Trading
What's Hot

AEW Sells Industrial Park For $61M: The Los Angeles Deal Sheet

September 28, 2026

Kim Do-yeong lifts Korea past Japan for fifth straight Asian Games baseball gold

September 28, 2026

Legacy Magic Eden Approvals Exploited as White Hats Rescue NFTs – The Defiant

September 28, 2026
Facebook X (Twitter) Instagram
Trending:
  • AEW Sells Industrial Park For $61M: The Los Angeles Deal Sheet
  • Kim Do-yeong lifts Korea past Japan for fifth straight Asian Games baseball gold
  • Legacy Magic Eden Approvals Exploited as White Hats Rescue NFTs – The Defiant
  • IT sector termed key contributor to macroeconomic stability – Business & Finance
  • Learn Why The Bull Case For Solaris Energy Infrastructure Stock Could Change Following $1b Notes Sale
  • Active vs passive small-cap mutual funds: How wide is one-year return gap? Don’t assume index schemes always lag
  • Can Arbitrum Reach $1? What It Would Take, and Why Ethereum Could Decide It
  • Silver Ferns selected for 2026 Constellation Cup
  • As macroeconomic variables such as international oil prices and exchange rates fluctuate, the joys a..
  • 3 AI Infrastructure Stocks Investors Are Watching As Cloud Spending Shifts
Monday, September 28
Facebook X (Twitter) Instagram
Aspire Market Guides
  • Home
  • Alternative Investments
  • Cryptocurrency
  • Economics
  • Equity Investments
  • Mutual Funds
  • Real Estate
  • Trading
Aspire Market Guides
Home»Economics»Not Just Socialism, Mixed Economy Necessary To Achieve World Class, Says Guyana’s Ali.
Economics

Not Just Socialism, Mixed Economy Necessary To Achieve World Class, Says Guyana’s Ali.

By CharlotteJune 14, 20264 Mins Read
Share
Facebook Twitter Pinterest Email Copy Link


The new Aiden by Best Western Hotel in Georgetown, Guyana is an example of private investment in the newly oil rich nation. Photo: Guyana PIS.

– Advertisement –

With a heavy focus on investment and opportunities, the government of Guyana is aiming to build a world-class economy.

This will be achieved through partnership and collaboration with the private sector.

President Dr Mohamed Irfaan Ali said on Saturday evening that the world-class economy requires world-class facilities and infrastructures.

One example was close at hand as the head of state was speaking during the opening ceremony of the new Aiden by Best Western Hotel on Oronoque Street, Georgetown.

The hotel spans nine floors and feature 150 executive rooms. For business travelers, it offers executive conference rooms and a co-working space. Guests can also enjoy dining at the on-site restaurant, unwind at the executive bar and lounge, or take in the panoramic views from the rooftop terrace.

The hotel is equipped with a state-of-the-art gym, including complimentary access to weightlifting equipment, treadmills, stationary bikes, and a stair stepper.

Additionally, services such as a 24-hour front desk, multilingual staff, and express check-out are available to enhance convenience. The hotel also provides free high-speed Wi-Fi, a sundry store, a shuttle service, and free parking.

For leisure, the hotel plans to offer unique experiences like chauffeur services, shuttle tours around Guyana, and river tours​.

“We are trying to build an economy by 2030 that will have at least three million people passing through annually to utilise the services that we are building in our economy,” President Ali said.

He noted that Guyana’s resistance and sustainability must be built in a manner that understands that the country is competing globally and not with itself.

As a result, each stakeholder that is a part of the investment plan must adopt a winning culture.

It must be centered around bold decisions and ideas that are backed by hard work to transform the country.

The president encouraged the hotel operators to have predictability in the brand of the hotel, its pricing, value, and services.

“Sometimes the market can play with our minds in terms of demand and supply and the whole economic principle. But I want to encourage the operators of this hotel to ensure that there is predictability consistently. It is important because it helps you to build long-term clientele,” the President stated.

Additionally, the Minister of Tourism, Industry and Commerce, Oneidge Walrond described the hotel as a “visionary project” which aligns with the government’s developmental plans.

She noted that it will greatly contribute to the tourism sector which is a cornerstone of Guyana’s economy.

“Today’s opening of the Aiden by Best Western is proof of what can be achieved when the private sector and government work hand in hand to develop our tourism products,” Minister Walrond posited.

She went on to say that the government is committed to fostering such partnerships and is confident that the investments made will pay dividends for generations to come.

Meanwhile, the Director of Arimu Investments Inc, Geraldo Alphonso the local company that is a part of the Aiden by Best Western franchise, said that the hotel came with a lot of challenges, however, they were overcome.

“I am very humbled to stand here tonight and say that we have fought every battle that came our way…I encourage all investors in this country to make their mark in our beautiful Guyana,” Alphonso stressed.

The hotel which is the first of its kind in South America boasts some 138 rooms. Its aesthetic showcases Guyana’s flora and fauna while some of its suites are named after some of the country’s rivers. It sees over 60 locals being employed.

The hotel also saw funding from the local Guyana Bank for Trade and Industry (GBTI). The sod was turned back in March of 2021 for the US $15 million hotel.

Source: Guyana PIS, Guyana Times, Best Western.

– Advertisement –



Source link

Related Posts

Economics

IT sector termed key contributor to macroeconomic stability – Business & Finance

September 28, 2026
Economics

As macroeconomic variables such as international oil prices and exchange rates fluctuate, the joys a..

September 27, 2026
Economics

The FE – Fuel price adjustment & wider economic interests

September 27, 2026
Economics

Dubai longevity drive can improve health and deliver Dh35bn economic boost, Sheikh Hamdan says

September 27, 2026
Economics

Job Market’s Effect on the Economy

September 27, 2026
Economics

Steve Lee: ANCO Fellows Explore the Macroeconomics of Modern Oncology

September 27, 2026
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

AEW Sells Industrial Park For $61M: The Los Angeles Deal Sheet

September 28, 2026

Kim Do-yeong lifts Korea past Japan for fifth straight Asian Games baseball gold

September 28, 2026

Legacy Magic Eden Approvals Exploited as White Hats Rescue NFTs – The Defiant

September 28, 2026

IT sector termed key contributor to macroeconomic stability – Business & Finance

September 28, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Featured

Jury out on prospect on all three economic engines firing in 2026-27

August 21, 2026

The “Free Market” is More Popular than “Capitalism”

July 19, 2026

Parag Parikh Flexi Cap, 10 others among 5-star funds that beat benchmarks on most trading days in FY26. Check details – Outperformers in FY26 – The Economic Times

April 28, 2026
Monthly Featured

The New Civilizational Divide: Rentier Empire vs Productive Economy

June 3, 2026

Taxing the Rich is Not Enough

August 4, 2026

Australia’s tokenisation debate enters decisive phase

September 8, 2026
Latest Posts

AEW Sells Industrial Park For $61M: The Los Angeles Deal Sheet

September 28, 2026

Kim Do-yeong lifts Korea past Japan for fifth straight Asian Games baseball gold

September 28, 2026

Legacy Magic Eden Approvals Exploited as White Hats Rescue NFTs – The Defiant

September 28, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Aspire Market Guides.
  • Contact us
  • Privacy Policy
  • Terms and Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.