Kuwaiti Royal Group eyes investment in Guyana’s healthcare sector

Representatives of Kuwaiti conglomerate Royal Group met with Chief Investment Officer (CIO) for Guyana and Head of the Guyana Office for Investment (GO-Invest), Peter Ramsaroop on Monday to discuss potential investments in the country’s healthcare and pharmaceutical sectors.

The meeting took place on the eve of the annual Guyana Energy Conference and Supply Chain Expo (GECSCE), highlighting growing international interest in Guyana’s investment landscape beyond the oil and gas industry. Royal Group’s engagement comes as the Government of Guyana prioritises expanding healthcare capacity, modernising drug supply and distribution systems, and reforming regulatory frameworks.

The initiatives aim to increase local access to medicines, strengthen health security, and reduce reliance on imports, supporting the broader transformation of the national health system. President Dr Irfaan Ali has consistently underscored healthcare and pharmaceuticals as key components of his Vision 2030 agenda.

He has called for investments in domestic capacity for healthcare delivery, as well as in the storage, production and regulation of essential medicines in line with international standards. Private investment is expected to complement Government plans, which include multi-billion-dollar projects for hospital expansion, specialised medical services and pharmaceutical manufacturing. Officials say these efforts will strengthen the country’s health architecture while building a self-sustaining system. Senior Minister within the Office of the President with responsibility for Finance, Dr Ashni Singh, said the diversification into health-related industries forms part of a strategy to ensure balanced economic growth. He highlighted that such investments support human capital development, technology transfer and long-term economic sustainability.

Ramsaroop was joined by Director of Economic Affairs Arvinda Ramcharan and Foreign Service Officer Natala Anderson during the discussions. Government officials said engagements like these are part of a broader strategy to attract international partners aligned with national priorities, job creation and economic resilience.