Chief Investment Officer and Agency Head of the Guyana Office for Investment, Peter Ramsaroop, today met with the Ambassador of the Republic of Azerbaijan to Guyana, Elnur Ikhtiyar Oglu Sultanov, to discuss strengthening bilateral relations and expanding economic cooperation between the two countries.
Accompanying Ambassador Sultanov was Vugar Huseynli, First Secretary at the Embassy of Azerbaijan in Brazil, who is also the Desk Officer for Guyana.
Azerbaijan, strategically located between Europe and Asia, has built a strong economy supported by its significant oil and natural gas resources, with a GDP of approximately US$74 billion. In recent years, the country has also diversified into sectors such as logistics, manufacturing, agriculture, tourism, and renewable energy, positioning itself as an important economic and transport hub connecting regional markets.
As Guyana continues its rapid transformation under the leadership of President Dr Irfaan Ali, the engagement underscored the Government’s clear vision of building a diversified, resilient and globally competitive economy. In keeping with the President’s focus on an “Economy by Design,” discussions explored practical opportunities for collaboration that align with Guyana’s long-term development priorities and its Vision 2030 agenda.
Areas of potential cooperation include energy and energy services, with a focus on knowledge sharing in petroleum development and energy infrastructure; agriculture and agro-processing to support national and regional food security while expanding value-added production; logistics and infrastructure development as Guyana continues to modernise its ports, highways and trade corridors to position itself as a key gateway between South America and the Caribbean; tourism development, particularly eco-tourism and hospitality investment that leverages Guyana’s unique natural assets; and the digital economy and innovation, including ICT advancement and emerging technologies to support a modern, knowledge-driven economy.
During the discussions, Ramsaroop emphasised that Guyana’s development approach is deliberate and forward-looking.
“Guyana is building an Economy by Design — where our natural resources, strategic investments, and human capital are deliberately aligned to create long-term prosperity. Partnerships with countries like Azerbaijan allow us to exchange knowledge, strengthen trade, and unlock new opportunities for our people, while directly supporting the President’s vision of sustainable development, economic diversification, and inclusive growth for all Guyanese.”
Ramsaroop was accompanied by Director of Economic Affairs, Arvinda Ramcharan.
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